Lumine Group (TSXV:LMN) Days Payable : 115.10 (As of Mar. 2024)

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What is Lumine Group Days Payable?

Lumine Group's average Accounts Payable for the three months ended in Mar. 2024 was C$127.3 Mil. Lumine Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$100.9 Mil. Hence, Lumine Group's Days Payable for the three months ended in Mar. 2024 was 115.10.

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

TSXV:LMN' s Days Payable Range Over the Past 10 Years
Min: 107.33 Med: 149.1 Max: 149.19
Current: 107.33

During the past 3 years, Lumine Group's highest Days Payable was 149.19. The lowest was 107.33. And the median was 149.10.

TSXV:LMN's Days Payable is ranked better than
71.09% of 2525 companies
in the Software industry
Industry Median: 50.46 vs TSXV:LMN: 107.33

Lumine Group's Days Payable declined from Mar. 2023 (128.37) to Mar. 2024 (115.10). It may suggest that Lumine Group accelerated paying its suppliers.

Lumine Group Days Payable Historical Data

The historical data trend for Lumine 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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Lumine Group Days Payable Chart

Lumine Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

149.10

149.19

112.46

Lumine Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial					128.37	96.54	105.72	108.64	115.10

Competitive Comparison of Lumine Group's Days Payable

For the Software - Application subindustry, Lumine 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.

Lumine Group's Days Payable Distribution in the Software Industry

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

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

Lumine 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.

Lumine 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
=	( (88.794	+	131.104)	/	2 )	/	356.843	*	365
=	109.949					/	356.843	*	365
=	112.46

Lumine Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (131.104	+	123.456)	/	2 )	/	100.909	*	365 / 4
=	127.28					/	100.909	*	365 / 4
=	115.10

Lumine Group Days Payable Related Terms

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Lumine Group (TSXV:LMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lumine Group Inc (TSXV:LMN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LMGIF:USA

Address

5060 Spectrum Way, Suite 100, Mississauga, ON, CAN, L4W 5N5

Website

https://www.luminegroup.com

Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.

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