Acorn International (Acorn International) Days Payable : 68.40 (As of Jun. 2020)

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What is Acorn International Days Payable?

Acorn International's average Accounts Payable for the three months ended in Jun. 2020 was $2.00 Mil. Acorn International's Cost of Goods Sold for the three months ended in Jun. 2020 was $2.66 Mil. Hence, Acorn International's Days Payable for the three months ended in Jun. 2020 was 68.40.

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

ATV's Days Payable is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 56.77
* Ranked among companies with meaningful Days Payable only.

Acorn International's Days Payable declined from Jun. 2019 (113.78) to Jun. 2020 (68.40). It may suggest that Acorn International accelerated paying its suppliers.

Acorn International Days Payable Historical Data

The historical data trend for Acorn International'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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Acorn International Days Payable Chart

Acorn International Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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158.63

198.06

188.70

114.48

91.11

Acorn International Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Payable	Get a 7-Day Free Trial															113.78	73.66	94.16	96.63	68.40

Competitive Comparison of Acorn International's Days Payable

For the Internet Retail subindustry, Acorn International'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.

Acorn International's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Acorn International's Days Payable distribution charts can be found below:

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

Acorn International 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.

Acorn International's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (2.058	+	3.172)	/	2 )	/	10.476	*	365
=	2.615					/	10.476	*	365
=	91.11

Acorn International's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (2.142	+	1.849)	/	2 )	/	2.662	*	365 / 4
=	1.9955					/	2.662	*	365 / 4
=	68.40

Acorn International Days Payable Related Terms

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Acorn International (Acorn International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Acorn International Inc (NYSE:ATV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 South Wuning Road, 5th Floor, YueShang Plaza, Shanghai, CHN, 200042

Website

https://www.acorninternationalgroup.com

Acorn International Inc is a marketing and branding company. It is engaged in developing, promoting and selling a diverse portfolio of proprietary-branded products, as well as well-established and promising new products from third parties. It is primarily comprised of two main divisions, direct-sales platforms and distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through outbound marketing platform and Internet sales platform.