Paid (PAYD) Days Payable : 37.49 (As of Dec. 2023)

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What is Paid Days Payable?

Paid's average Accounts Payable for the three months ended in Dec. 2023 was $1.43 Mil. Paid's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.48 Mil. Hence, Paid's Days Payable for the three months ended in Dec. 2023 was 37.49.

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

PAYD' s Days Payable Range Over the Past 10 Years
Min: 36.05 Med: 44.98 Max: 2269.2
Current: 43.57

During the past 13 years, Paid's highest Days Payable was 2269.20. The lowest was 36.05. And the median was 44.98.

PAYD's Days Payable is ranked worse than
54.16% of 2526 companies
in the Software industry
Industry Median: 50.42 vs PAYD: 43.57

Paid's Days Payable declined from Dec. 2022 (41.35) to Dec. 2023 (37.49). It may suggest that Paid accelerated paying its suppliers.

Paid Days Payable Historical Data

The historical data trend for Paid'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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Paid Days Payable Chart

Paid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.23

43.46

49.24

45.79

44.16

Paid 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															41.35	49.67	45.28	42.25	37.49

Competitive Comparison of Paid's Days Payable

For the Software - Application subindustry, Paid'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.

Paid's Days Payable Distribution in the Software Industry

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

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

Paid 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.

Paid'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
=	( (1.61	+	1.482)	/	2 )	/	12.779	*	365
=	1.546					/	12.779	*	365
=	44.16

Paid'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
=	( (1.374	+	1.482)	/	2 )	/	3.476	*	365 / 4
=	1.428					/	3.476	*	365 / 4
=	37.49

Paid Days Payable Related Terms

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

Paid (PAYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paid Inc (OTCPK:PAYD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Cedar Hill Street, Suite 200, Marlborough, MA, USA, 01752

Website

https://www.paid.com

Paid Inc is an all-in-one e-commerce service platform focusing on web development and online auctions. It operates in six segments: Client services, Shipping calculator services, Brewery management software, Merchant processing services, and shipping coordination & label generation services, and corporate operations. The majority of its revenue comes from its shipping coordination & label generation services segment. Some of its products are PaidWeb, PaidCart, PaidPayments, and PaidShipping. Its geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.

Executives

David Daniel Scott	officer: Chief Operating Officer	798 UPPER KENILWORTH AVE, HAMILTON A6 L8T5A4
Christopher J Coghlin	10 percent owner	27 OTIS STREET, WESTBOROUGH MA 01581
Pratt Allan	director	79 LAURENDALE AVENUE, WATERDOWN A6 L0R 2H3
Laurie Diane Bradley	director	8128 TIMBER TRAIL, WHITE LAKE MI 48386
David Ogden	director	6517 AUTUMN WOODS BLVD., NAPLES FL 34109
Terry Fokas	director	6630 NORTHPORT DRIVE, DALLAS TX 75230
James P O'neil	director	C/O PAID, INC., 40 WASHINGTON STREET, SUITE 3000, WESTBOROUGH MA 01581
Lewis William Austin Iv	director, officer: President and CEO	201 E 87TH STREET, APT 5H, NEW YORK NY 10128
Andrew Pilaro	director	C/O SALES ONLINE DIRECT INC, 4 BRUSSELS ST, WORCESTER MA 01610
Christopher Culross	officer: CFO, Treas., Asst. Secretary	4 BRUSSELS STREET, WORCESTER MA 01610
Gregory Rotman	director, officer: President and CEO	C/O PAID INC, 4 BRUSSELS STREET, WORCESTER MA 01610
Augustine Fund Lp	10 percent owner	141 WEST JACKSON BLVD. STE. 2182, CHICAGO IL 60606
Thomas F Duszynski	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604
John T Porter	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604
Brian D Porter	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604

Paid (PAYD) Headlines

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