Hero Innovation Group (XCNQ:HRO) Days Payable : 1,538.21 (As of Dec. 2023)

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What is Hero Innovation Group Days Payable?

Hero Innovation Group's average Accounts Payable for the three months ended in Dec. 2023 was C$0.12 Mil. Hero Innovation Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Hero Innovation Group's Days Payable for the three months ended in Dec. 2023 was 1,538.21.

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

XCNQ:HRO' s Days Payable Range Over the Past 10 Years
Min: 1345.09 Med: 1361.35 Max: 4258.33
Current: 1368.23

During the past 5 years, Hero Innovation Group's highest Days Payable was 4258.33. The lowest was 1345.09. And the median was 1361.35.

XCNQ:HRO's Days Payable is ranked better than
96.79% of 2527 companies
in the Software industry
Industry Median: 50.54 vs XCNQ:HRO: 1368.23

Hero Innovation Group's Days Payable declined from Dec. 2022 (2,110.16) to Dec. 2023 (1,538.21). It may suggest that Hero Innovation Group accelerated paying its suppliers.

Hero Innovation Group Days Payable Historical Data

The historical data trend for Hero Innovation 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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Hero Innovation Group Days Payable Chart

Hero Innovation Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

4,258.33

1,345.09

1,361.35

Hero Innovation Group Quarterly Data
	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													2,110.16	1,948.84	1,165.97	825.05	1,538.21

Competitive Comparison of Hero Innovation Group's Days Payable

For the Software - Infrastructure subindustry, Hero Innovation 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.

Hero Innovation Group's Days Payable Distribution in the Software Industry

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

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

Hero Innovation 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.

Hero Innovation Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.18	+	0.096)	/	2 )	/	0.037	*	365
=	0.138					/	0.037	*	365
=	1,361.35

Hero Innovation Group'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
=	( (0.096	+	0.14)	/	2 )	/	0.007	*	365 / 4
=	0.118					/	0.007	*	365 / 4
=	1,538.21

Hero Innovation Group Days Payable Related Terms

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Hero Innovation Group (XCNQ:HRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hero Innovation Group Inc (XCNQ:HRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.heroinnovationgroup.com

Hero Innovation Group Inc is a financial technology company. The company delivers innovative financial solutions for the next generation of consumers whose parents demand safety, security, and peace of mind while promoting financial literacy for the future. The company's products include Hero financials and SideKick Card.

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