RenoWorks Software (TSXV:RW) Days Payable : 36.03 (As of Dec. 2023)

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What is RenoWorks Software Days Payable?

RenoWorks Software's average Accounts Payable for the three months ended in Dec. 2023 was C$0.20 Mil. RenoWorks Software's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.51 Mil. Hence, RenoWorks Software's Days Payable for the three months ended in Dec. 2023 was 36.03.

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

TSXV:RW' s Days Payable Range Over the Past 10 Years
Min: 24.2 Med: 28.17 Max: 36.93
Current: 35.89

During the past 13 years, RenoWorks Software's highest Days Payable was 36.93. The lowest was 24.20. And the median was 28.17.

TSXV:RW's Days Payable is ranked worse than
60.85% of 2534 companies
in the Software industry
Industry Median: 50.345 vs TSXV:RW: 35.89

RenoWorks Software's Days Payable increased from Dec. 2022 (27.22) to Dec. 2023 (36.03). It may suggest that RenoWorks Software delayed paying its suppliers.

RenoWorks Software Days Payable Historical Data

The historical data trend for RenoWorks Software'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.

* Premium members only.

RenoWorks Software Days Payable Chart

RenoWorks Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.51

24.20

28.17

26.19

36.93

RenoWorks Software 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															27.22	35.87	34.40	36.23	36.03

Competitive Comparison of RenoWorks Software's Days Payable

For the Software - Application subindustry, RenoWorks Software'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.

RenoWorks Software's Days Payable Distribution in the Software Industry

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

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

RenoWorks Software 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.

RenoWorks Software'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
=	( (0.142	+	0.235)	/	2 )	/	1.863	*	365
=	0.1885					/	1.863	*	365
=	36.93

RenoWorks Software'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
=	( (0.167	+	0.235)	/	2 )	/	0.509	*	365 / 4
=	0.201					/	0.509	*	365 / 4
=	36.03

RenoWorks Software Days Payable Related Terms

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RenoWorks Software (TSXV:RW) Business Description

Industry

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

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ROWKF:USA

Address

2721 Hopewell Place NE, 2nd Floor, Calgary, AB, CAN, T1Y 7J7

Website

https://www.renoworks.com

RenoWorks Software Inc is a Canada-based software company. It develops and distributes digital visualization software for the remodeling and new home construction industry. The company's product offering includes Design services, Licensing and hosting, Libraries, Implementation and others. It serves manufacturers, contractors, retailers, marketers, homeowners, and builders. The firm markets its technologies as innovative engagement tools and generates revenues from four main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks API (Application Programming Interface).

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