Tenet Fintech Group (FRA:P0T) Days Payable : 157.59 (As of Dec. 2023)

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What is Tenet Fintech Group Days Payable?

Tenet Fintech Group's average Accounts Payable for the three months ended in Dec. 2023 was €6.69 Mil. Tenet Fintech Group's Cost of Goods Sold for the three months ended in Dec. 2023 was €3.88 Mil. Hence, Tenet Fintech Group's Days Payable for the three months ended in Dec. 2023 was 157.59.

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

FRA:P0T' s Days Payable Range Over the Past 10 Years
Min: 6.13 Med: 56.76 Max: 126.99
Current: 112.39

During the past 13 years, Tenet Fintech Group's highest Days Payable was 126.99. The lowest was 6.13. And the median was 56.76.

FRA:P0T's Days Payable is ranked better than
72.11% of 2531 companies
in the Software industry
Industry Median: 50.36 vs FRA:P0T: 112.39

Tenet Fintech Group's Days Payable increased from Dec. 2022 (67.25) to Dec. 2023 (157.59). It may suggest that Tenet Fintech Group delayed paying its suppliers.

Tenet Fintech Group Days Payable Historical Data

The historical data trend for Tenet Fintech Group'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.

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Tenet Fintech Group Days Payable Chart

Tenet Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.03

127.70

53.44

25.31

105.29

Tenet Fintech Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															67.25	118.76	73.87	146.66	157.59

Competitive Comparison of Tenet Fintech Group's Days Payable

For the Software - Infrastructure subindustry, Tenet Fintech Group'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.

Tenet Fintech Group's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Tenet Fintech Group's Days Payable falls into.

Tenet Fintech Group 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.

Tenet Fintech Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.356	+	6.911)	/	2 )	/	19.529	*	365
=	5.6335					/	19.529	*	365
=	105.29

Tenet Fintech Group'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
=	( (6.473	+	6.911)	/	2 )	/	3.875	*	365 / 4
=	6.692					/	3.875	*	365 / 4
=	157.59

Tenet Fintech Group Days Payable Related Terms

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Tenet Fintech Group (FRA:P0T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenet Fintech Group Inc (FRA:P0T) » Definitions » Days Payable

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PKKFF:USA PKK:Canada

Address

119 Spadina Avenue, Suite 705, Toronto, ON, CAN, M5V 2L1

Website

https://www.tenetfintech.com

Tenet Fintech Group Inc is the parent company of a group of innovative FinTech and AI companies. Together with its subsidiaries, It provides various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business transactions among its members.

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