Excel (EXCC) Days Payable : 46.49 (As of Jun. 2017)

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What is Excel Days Payable?

Excel's average Accounts Payable for the three months ended in Jun. 2017 was $1.05 Mil. Excel's Cost of Goods Sold for the three months ended in Jun. 2017 was $2.05 Mil. Hence, Excel's Days Payable for the three months ended in Jun. 2017 was 46.49.

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

EXCC's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.81
* Ranked among companies with meaningful Days Payable only.

Excel's Days Payable increased from Jun. 2016 (36.05) to Jun. 2017 (46.49). It may suggest that Excel delayed paying its suppliers.

Excel Days Payable Historical Data

The historical data trend for Excel'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.

Excel Days Payable Chart

Excel Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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1,168.00

92.86

116.98

27.18

Excel Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Days Payable	Get a 7-Day Free Trial															36.05	25.36	8.77	28.65	46.49

Competitive Comparison of Excel's Days Payable

For the Information Technology Services subindustry, Excel'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.

Excel's Days Payable Distribution in the Software Industry

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

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

Excel 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.

Excel's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (1.375	+	0.577)	/	2 )	/	13.107	*	365
=	0.976					/	13.107	*	365
=	27.18

Excel's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

	Days Payable (Q: Jun. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2017 )	+	Accounts Payable (Q: Jun. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
=	( (0.658	+	1.432)	/	2 )	/	2.051	*	365 / 4
=	1.045					/	2.051	*	365 / 4
=	46.49

Excel Days Payable Related Terms

Thank you for viewing the detailed overview of Excel's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Excel (EXCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Excel Corp (OTCPK:EXCC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 North State Highway 161, Suite 310, Irving, TX, USA, 75038

Website

http://www.excelcorpusa.com

Excel Corp provides financial and transaction processing services to small and medium-sized businesses throughout the United States. Its primary operations focus on the merchant processing and servicing business as a single source provider for virtually all types of merchant payment processing needs. Through its subsidiary it offers merchant account processing solutions, together with the latest physical site and cloud-based technologies, designed to meet the needs of each industry segment the company services, and offer a variety of credit, debit, gift, and loyalty card processing options and equipment to scale with the distinctive business plans of each client. Geographically activities are performed through Denmark, US.

Excel (EXCC) Headlines

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