Harvest Technology (MAL:HRV) Days Payable : 47.37 (As of Dec. 2023)

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What is Harvest Technology Days Payable?

Harvest Technology's average Accounts Payable for the six months ended in Dec. 2023 was €1.01 Mil. Harvest Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was €3.88 Mil. Hence, Harvest Technology's Days Payable for the six months ended in Dec. 2023 was 47.37.

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

MAL:HRV' s Days Payable Range Over the Past 10 Years
Min: 39.92 Med: 48.97 Max: 56.69
Current: 45.6

During the past 5 years, Harvest Technology's highest Days Payable was 56.69. The lowest was 39.92. And the median was 48.97.

MAL:HRV's Days Payable is not ranked
in the Software industry.
Industry Median: 50.13 vs MAL:HRV: 45.60

Harvest Technology's Days Payable increased from Dec. 2022 (30.90) to Dec. 2023 (47.37). It may suggest that Harvest Technology delayed paying its suppliers.

Harvest Technology Days Payable Historical Data

The historical data trend for Harvest Technology'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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Harvest Technology Days Payable Chart

Harvest Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

56.69

39.92

48.97

42.39

55.21

Harvest Technology Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					45.53	31.35	30.90	35.23	47.37

Competitive Comparison of Harvest Technology's Days Payable

For the Information Technology Services subindustry, Harvest Technology'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.

Harvest Technology's Days Payable Distribution in the Software Industry

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

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

Harvest Technology 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.

Harvest Technology'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
=	( (1.157	+	1.401)	/	2 )	/	8.455	*	365
=	1.279					/	8.455	*	365
=	55.21

Harvest Technology'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.611	+	1.401)	/	2 )	/	3.876	*	365 / 2
=	1.006					/	3.876	*	365 / 2
=	47.37

Harvest Technology Days Payable Related Terms

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Harvest Technology (MAL:HRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology PLC (MAL:HRV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valletta Road, Nineteen Twenty Three, Marsa, MLT, MRS 3000

Website

https://www.harvest.tech

Harvest Technology PLC is an investment and holding company. It provides delivery of business solutions and technology (including integrated and automated solutions) and payment solutions and related services. The company's portfolio consists of entities delivering systems engineering, security solutions, e-commerce platforms, electronic payments solutions, networking and system maintenance, automation products, product development and IT outsourcing. The Group operates two business activities which are the sale of payment processing services and the provision of IT solutions and security systems.

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