Ackroo (TSXV:AKR) Days Payable : 169.22 (As of Dec. 2023)

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What is Ackroo Days Payable?

Ackroo's average Accounts Payable for the three months ended in Dec. 2023 was C$0.60 Mil. Ackroo's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.32 Mil. Hence, Ackroo's Days Payable for the three months ended in Dec. 2023 was 169.22.

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

TSXV:AKR' s Days Payable Range Over the Past 10 Years
Min: 245.7 Med: 321.76 Max: 362.79
Current: 245.7

During the past 13 years, Ackroo's highest Days Payable was 362.79. The lowest was 245.70. And the median was 321.76.

TSXV:AKR's Days Payable is ranked better than
85.97% of 2531 companies
in the Software industry
Industry Median: 50.36 vs TSXV:AKR: 245.70

Ackroo's Days Payable declined from Dec. 2022 (239.92) to Dec. 2023 (169.22). It may suggest that Ackroo accelerated paying its suppliers.

Ackroo Days Payable Historical Data

The historical data trend for Ackroo'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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Ackroo Days Payable Chart

Ackroo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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308.29

362.79

321.76

Ackroo 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															239.92	232.33	327.76	291.13	169.22

Competitive Comparison of Ackroo's Days Payable

For the Software - Application subindustry, Ackroo'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.

Ackroo's Days Payable Distribution in the Software Industry

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

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

Ackroo 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.

Ackroo'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
=	( (0.553	+	0.764)	/	2 )	/	0.747	*	365
=	0.6585					/	0.747	*	365
=	321.76

Ackroo'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
=	( (0.434	+	0.764)	/	2 )	/	0.323	*	365 / 4
=	0.599					/	0.323	*	365 / 4
=	169.22

Ackroo Days Payable Related Terms

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Ackroo (TSXV:AKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ackroo Inc (TSXV:AKR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AKRFF:USA

Address

1250 South Service Road, Unit A3-1 (3rd Floor), Hamilton, ON, CAN, L8E 5R9

Website

https://www.ackroo.com

Ackroo Inc provides marketing, payment, and point-of-sale solutions for merchants of all sizes. Through a SaaS-based business model, the company provides an in-store and online automated solution to help merchants process loyalty, gift card, and promotional transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their loyalty and gift card accounts. Its payment services provide merchants with low-cost payment processing options through some of the world's largest payment technology and service providers. Ackroo's hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries including golf clubs, automotive dealers, and more.

Executives

Stephen Alexander Levely

Senior Officer