Abits Group (Abits Group) Days Payable : 0.00 (As of Dec. 2023)

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What is Abits Group Days Payable?

Abits Group's average Accounts Payable for the six months ended in Dec. 2023 was $0.00 Mil. Abits Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.88 Mil. Hence, Abits Group's Days Payable for the six months ended in Dec. 2023 was 0.00.

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

ABTS's Days Payable is not ranked ^*
in the Capital Markets industry.
Industry Median: 108.18
* Ranked among companies with meaningful Days Payable only.

Abits Group's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Abits Group Days Payable Historical Data

The historical data trend for Abits 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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Abits Group Days Payable Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Days Payable

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Abits Group's Days Payable

For the Capital Markets subindustry, Abits 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.

Abits Group's Days Payable Distribution in the Capital Markets Industry

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

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

Abits 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.

Abits 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
=	( (0	+	0)	/	1 )	/	0.892	*	365
=	0					/	0.892	*	365
=	0.00

Abits Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.877	*	365 / 2
=	0					/	0.877	*	365 / 2
=	0.00

Abits Group Days Payable Related Terms

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Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000