Surgepays (Surgepays) Days Payable : 26.18 (As of Dec. 2023)

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What is Surgepays Days Payable?

Surgepays's average Accounts Payable for the three months ended in Dec. 2023 was $7.1 Mil. Surgepays's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.9 Mil. Hence, Surgepays's Days Payable for the three months ended in Dec. 2023 was 26.18.

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

SURG' s Days Payable Range Over the Past 10 Years
Min: 21.98 Med: 59.69 Max: 12775
Current: 24.14

During the past 13 years, Surgepays's highest Days Payable was 12775.00. The lowest was 21.98. And the median was 59.69.

SURG's Days Payable is ranked worse than
74.28% of 2523 companies
in the Software industry
Industry Median: 51.44 vs SURG: 24.14

Surgepays's Days Payable declined from Dec. 2022 (35.59) to Dec. 2023 (26.18). It may suggest that Surgepays accelerated paying its suppliers.

Surgepays Days Payable Historical Data

The historical data trend for Surgepays'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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Surgepays Days Payable Chart

Surgepays Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.65

32.58

64.98

23.26

21.98

Surgepays 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															35.59	22.56	23.82	26.45	26.18

Competitive Comparison of Surgepays's Days Payable

For the Software - Application subindustry, Surgepays'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.

Surgepays's Days Payable Distribution in the Software Industry

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

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

Surgepays 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.

Surgepays'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
=	( (5.784	+	6.439)	/	2 )	/	101.5	*	365
=	6.1115					/	101.5	*	365
=	21.98

Surgepays'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
=	( (7.836	+	6.439)	/	2 )	/	24.876	*	365 / 4
=	7.1375					/	24.876	*	365 / 4
=	26.18

Surgepays Days Payable Related Terms

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Surgepays (Surgepays) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Surgepays Inc (NAS:SURG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9B90:Germany

Address

3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133

Website

https://www.surgepays.com

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.

Executives

Kevin Brian Cox	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Laurie Weisberg	director	C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld	director	1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott	officer: CHIEF TECHNOLOGY OFFICER	890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May	director	12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr	director, officer: President and COO	3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
Anthony Geogre Evers	officer: Chief Financial Officer	701 ASHTON LANE, SOUTH ELGIN IL 60177
David N Keys	director	3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani	director	1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii	director	PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren	director, 10 percent owner, officer: PRESIDENT, CEO & CFO	1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara	director	339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey	director, officer: CEO and President	7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin	director, 10 percent owner, officer: President, CEO and CFO	PO BOX 158, LIONS BAY A1 VON 2E0