Freeze Tag (Freeze Tag) Days Payable

: 101.81 (As of Dec. 2023)

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Freeze Tag's average Accounts Payable for the three months ended in Dec. 2023 was $0.15 Mil. Freeze Tag's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.13 Mil. Hence, Freeze Tag's Days Payable for the three months ended in Dec. 2023 was 101.81.

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

FRZT' s Days Payable Range Over the Past 10 Years
Min: 30.35 Med: 168.08 Max: 245.17
Current: 136.79

During the past 13 years, Freeze Tag's highest Days Payable was 245.17. The lowest was 30.35. And the median was 168.08.

FRZT's Days Payable is ranked better than
71.06% of 432 companies
in the Interactive Media industry
Industry Median: 60.825 vs FRZT: 136.79

Freeze Tag's Days Payable declined from Dec. 2022 (162.17) to Dec. 2023 (101.81). It may suggest that Freeze Tag accelerated paying its suppliers.

Freeze Tag Days Payable Historical Data

The historical data trend for Freeze Tag'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.

Freeze Tag Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

214.93

220.61

184.48

151.67

131.45

Freeze Tag Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																162.17	149.60	173.27	143.20	101.81

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Freeze Tag'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.

Freeze Tag Days Payable Distribution

For the Interactive Media industry and Communication Services sector, Freeze Tag's Days Payable distribution charts can be found below:

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

Freeze Tag 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.

Freeze Tag'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
=	( (0.165	+	0.144)	/	2 )	/	0.429	*	365
=	0.1545					/	0.429	*	365
=	131.45

Freeze Tag'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
=	( (0.155	+	0.144)	/	2 )	/	0.134	*	365 / 4
=	0.1495					/	0.134	*	365 / 4
=	101.81

Freeze Tag Days Payable Related Terms

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Freeze Tag (Freeze Tag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Freeze Tag Inc (OTCPK:FRZT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 E 1st Street, Suite 450, Tustin, CA, USA, 92780

Website

https://www.freezetag.com

Freeze Tag Inc creates mobile social games for all ages. The company's games can be downloaded for free by the players and also can purchase virtual items and additional features. Its games are sold through digital storefronts, such as Apple's App Store, the Google Play Store, and Amazon's App Store. Its games portfolio consists of Garfield Go, Alpha Bunny, Black Forest: Hidden Object Mystery, Clouds, Jelly Drop, Party Animals: Dance Battle, Winter Words: Christmas Cookies, and others.

Executives

Vardeman Robert Don Jr	director, 10 percent owner, officer: President	1720 BRAY CENTRAL DR., MCKINNEY TX 75069
Craig Holland	director, 10 percent owner, officer: President and CEO	228 W. MAIN STREET, 2ND FLOOR, TUSTIN CA 92780
Mick Donahoo	director, 10 percent owner, officer: Secretary and CFO	228 W. MAIN STREET, 2ND FLOOR, TUSTIN CA 92780