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Coveo Solutions (Coveo Solutions) Days Payable : 38.37 (As of Dec. 2023)


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What is Coveo Solutions Days Payable?

Coveo Solutions's average Accounts Payable for the three months ended in Dec. 2023 was $3.0 Mil. Coveo Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.2 Mil. Hence, Coveo Solutions's Days Payable for the three months ended in Dec. 2023 was 38.37.

The historical rank and industry rank for Coveo Solutions's Days Payable or its related term are showing as below:

CVOSF' s Days Payable Range Over the Past 10 Years
Min: 36.59   Med: 40.19   Max: 53.62
Current: 36.59

During the past 5 years, Coveo Solutions's highest Days Payable was 53.62. The lowest was 36.59. And the median was 40.19.

CVOSF's Days Payable is ranked worse than
59.86% of 2526 companies
in the Software industry
Industry Median: 50.42 vs CVOSF: 36.59

Coveo Solutions's Days Payable increased from Dec. 2022 (37.25) to Dec. 2023 (38.37). It may suggest that Coveo Solutions delayed paying its suppliers.

Coveo Solutions Days Payable Historical Data

The historical data trend for Coveo Solutions's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coveo Solutions Days Payable Chart

Coveo Solutions Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
- 53.63 41.00 36.78 38.34

Coveo Solutions Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.25 36.40 36.58 39.81 38.37

Competitive Comparison of Coveo Solutions's Days Payable

For the Software - Infrastructure subindustry, Coveo Solutions's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coveo Solutions's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Coveo Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Coveo Solutions's Days Payable falls into.


Coveo Solutions Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Coveo Solutions's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

Days Payable (A: Mar. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2022 ) + Accounts Payable (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (2.534 + 3.07) / 2 ) / 26.674*365
=2.802 / 26.674*365
=38.34

Coveo Solutions's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (3.661 + 2.369) / 2 ) / 7.17*365 / 4
=3.015 / 7.17*365 / 4
=38.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Coveo Solutions Days Payable Related Terms

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Coveo Solutions (Coveo Solutions) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Coveo Solutions Inc (OTCPK:CVOSF) » Definitions » Days Payable
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Traded in Other Exchanges
I94:Germany CVO:Canada
Address
3175 des Quatre-Bourgeois, Suite 200, Quebec, QC, CAN, G1W 2K7
Website
https://www.coveo.com
Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.