ITEX (ITEX) Days Payable : 2.57 (As of Jul. 2023)

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What is ITEX Days Payable?

ITEX's average Accounts Payable for the six months ended in Jul. 2023 was $0.04 Mil. ITEX's Cost of Goods Sold for the six months ended in Jul. 2023 was $5.12 Mil. Hence, ITEX's Days Payable for the six months ended in Jul. 2023 was 1.28.

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

ITEX' s Days Payable Range Over the Past 10 Years
Min: 1.83 Med: 3.68 Max: 15.99
Current: 2.57

During the past 13 years, ITEX's highest Days Payable was 15.99. The lowest was 1.83. And the median was 3.68.

ITEX's Days Payable is ranked worse than
92.76% of 525 companies
in the Capital Markets industry
Industry Median: 95.55 vs ITEX: 2.57

ITEX's Days Payable increased from Jul. 2016 (1.83) to Jul. 2023 (2.57). It may suggest that ITEX delayed paying its suppliers.

ITEX Days Payable Historical Data

The historical data trend for ITEX'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.

ITEX Days Payable Chart

ITEX Annual Data

Trend

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul22

Jul23

Days Payable

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15.99

7.27

1.83

2.54

2.57

ITEX Semi-Annual Data
	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul07	Jul08	Jul09	Jul10	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul22	Jul23
Days Payable	Get a 7-Day Free Trial															15.99	7.27	1.83	2.54	2.57

Competitive Comparison of ITEX's Days Payable

For the Capital Markets subindustry, ITEX'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.

ITEX's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ITEX's Days Payable distribution charts can be found below:

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

ITEX 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.

ITEX's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.035	+	0.037)	/	2 )	/	5.121	*	365
=	0.036					/	5.121	*	365
=	2.57

ITEX's Days Payable for the quarter that ended in Jul. 2023 is calculated as:

	Days Payable (Q: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2022 )	+	Accounts Payable (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (0.035	+	0.037)	/	2 )	/	5.121	*	365 / 2
=	0.036					/	5.121	*	365 / 2
=	1.28

ITEX Days Payable Related Terms

Thank you for viewing the detailed overview of ITEX's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

ITEX (ITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ITEX Corp (OTCPK:ITEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006

Website

https://www.itex.com

ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.

Executives

Lion Fund, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp.	10 percent owner, other: See Explanation of Responses	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Kevin H Callan	director	3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008
Timothy R Morones	director	3326 160TH AVE SE STE 100, BELLEVUE WA 98008
Sardar Biglari,	10 percent owner, other: See Explanation of Responses	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Holdings Inc.	10 percent owner, other: See Explanation of Responses	17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Western Sizzlin Corp	10 percent owner, other: See Explanation of Responses	317 KIMBALL AVENUE NW, ROANOKE VA 24016
G. Andrew Cooke	10 percent owner	3110 9TH ROAD N. APT. B, ARLINGTON VA 22201
David Polonitza	10 percent owner	54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090
Pagidipati Family Limited Partnership	10 percent owner	2955 SE 3RD COURT, OCALA FL 34471
Corner Market Capital Corp	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Sanjeev Parsad	10 percent owner	21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3
Alnesh Mohan	10 percent owner	702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6
Corner Market Capital U.s., Inc.	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Mpic Fund I Lp	10 percent owner	1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1

ITEX (ITEX) Headlines

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