Pagaya Technologies (Pagaya Technologies) Days Payable : 0.88 (As of Dec. 2023)

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What is Pagaya Technologies Days Payable?

Pagaya Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $1.3 Mil. Pagaya Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $134.5 Mil. Hence, Pagaya Technologies's Days Payable for the three months ended in Dec. 2023 was 0.88.

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

PGY' s Days Payable Range Over the Past 10 Years
Min: 1.08 Med: 4.86 Max: 9.55
Current: 1.56

During the past 4 years, Pagaya Technologies's highest Days Payable was 9.55. The lowest was 1.08. And the median was 4.86.

PGY's Days Payable is ranked worse than
98.73% of 2526 companies
in the Software industry
Industry Median: 50.42 vs PGY: 1.56

Pagaya Technologies's Days Payable declined from Dec. 2022 (1.54) to Dec. 2023 (0.88). It may suggest that Pagaya Technologies accelerated paying its suppliers.

Pagaya Technologies Days Payable Historical Data

The historical data trend for Pagaya Technologies'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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Pagaya Technologies Days Payable Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

4.32

9.55

5.39

1.08

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial							1.54	1.63	2.47	1.80	0.88

Competitive Comparison of Pagaya Technologies's Days Payable

For the Software - Infrastructure subindustry, Pagaya Technologies'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.

Pagaya Technologies's Days Payable Distribution in the Software Industry

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

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

Pagaya Technologies 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.

Pagaya Technologies'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
=	( (1.739	+	1.286)	/	2 )	/	508.944	*	365
=	1.5125					/	508.944	*	365
=	1.08

Pagaya Technologies'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
=	( (1.299	+	1.286)	/	2 )	/	134.482	*	365 / 4
=	1.2925					/	134.482	*	365 / 4
=	0.88

Pagaya Technologies Days Payable Related Terms

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Pagaya Technologies (Pagaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pagaya Technologies Ltd (NAS:PGY) » Definitions » Days Payable

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Traded in Other Exchanges

N/A

Address

Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203

Website

https://www.pagaya.com

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.