Computer Direct Group (XTAE:CMDR) Days Payable : 47.05 (As of Mar. 2024)

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What is Computer Direct Group Days Payable?

Computer Direct Group's average Accounts Payable for the three months ended in Mar. 2024 was ₪429 Mil. Computer Direct Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪831 Mil. Hence, Computer Direct Group's Days Payable for the three months ended in Mar. 2024 was 47.05.

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

XTAE:CMDR' s Days Payable Range Over the Past 10 Years
Min: 43.7 Med: 67.2 Max: 91.16
Current: 49.4

During the past 12 years, Computer Direct Group's highest Days Payable was 91.16. The lowest was 43.70. And the median was 67.20.

XTAE:CMDR's Days Payable is ranked worse than
50.41% of 2535 companies
in the Software industry
Industry Median: 49.81 vs XTAE:CMDR: 49.40

Computer Direct Group's Days Payable declined from Mar. 2023 (48.32) to Mar. 2024 (47.05). It may suggest that Computer Direct Group accelerated paying its suppliers.

Computer Direct Group Days Payable Historical Data

The historical data trend for Computer Direct 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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Computer Direct Group Days Payable Chart

Computer Direct Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.74

60.40

49.30

44.08

43.70

Computer Direct Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															48.32	55.52	49.14	43.49	47.05

Competitive Comparison of Computer Direct Group's Days Payable

For the Information Technology Services subindustry, Computer Direct 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.

Computer Direct Group's Days Payable Distribution in the Software Industry

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

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

Computer Direct 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.

Computer Direct 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
=	( (335.56	+	416.097)	/	2 )	/	3138.98	*	365
=	375.8285					/	3138.98	*	365
=	43.70

Computer Direct 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
=	( (416.097	+	440.935)	/	2 )	/	831.077	*	365 / 4
=	428.516					/	831.077	*	365 / 4
=	47.05

Computer Direct Group Days Payable Related Terms

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Computer Direct Group (XTAE:CMDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Direct Group Ltd (XTAE:CMDR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haamal Street 1, Afek Industrial Park, Rosh Haayin, ISR, 48092

Website

http://www.one1.co.il

Computer Direct Group Ltd is an Information Technology company. The company provides end-to-end IT solutions through in various market segments, including telecom, industry, IT, banking and finance, insurance, retail, commerce, and more. It is also engaged in the hardware products and IT systems marketing segment, and in the provision of comprehensive managed services in the organizational IT segment.

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