Binah Capital Group (Binah Capital Group) Days Payable : 191.18 (As of Dec. 2023)

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What is Binah Capital Group Days Payable?

Binah Capital Group's average Accounts Payable for the six months ended in Dec. 2023 was $18.76 Mil. Binah Capital Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $35.82 Mil. Hence, Binah Capital Group's Days Payable for the six months ended in Dec. 2023 was 95.59.

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

BCGWW' s Days Payable Range Over the Past 10 Years
Min: 46.66 Med: 47.79 Max: 92.31
Current: 92.31

During the past 4 years, Binah Capital Group's highest Days Payable was 92.31. The lowest was 46.66. And the median was 47.79.

BCGWW's Days Payable is ranked better than
57.05% of 468 companies
in the Asset Management industry
Industry Median: 68.825 vs BCGWW: 92.31

Binah Capital Group's Days Payable increased from Jun. 2023 (0.00) to Dec. 2023 (191.18). It may suggest that Binah Capital Group delayed paying its suppliers.

Binah Capital Group Days Payable Historical Data

The historical data trend for Binah Capital 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.

* Premium members only.

Binah Capital Group Days Payable Chart

Binah Capital Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

66.26

46.66

47.06

48.52

Binah Capital Group Semi-Annual Data
	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial				185.74	177.63	-	168.09	191.18

Competitive Comparison of Binah Capital Group's Days Payable

For the Asset Management subindustry, Binah Capital 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.

Binah Capital Group's Days Payable Distribution in the Asset Management Industry

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

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

Binah Capital 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.

Binah Capital 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
=	( (20	+	19.758)	/	2 )	/	149.554	*	365
=	19.879					/	149.554	*	365
=	48.52

Binah Capital 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.762	+	19.758)	/	2 )	/	35.816	*	365 / 2
=	18.76					/	35.816	*	365 / 2
=	95.59

Binah Capital Group Days Payable Related Terms

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Binah Capital Group (Binah Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Binah Capital Group Inc (NAS:BCGWW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BCG:USA

Address

One Cowboys Way, Suite 490, Frisco, TX, USA, 75034

Website

https://www.wentworthms.com

Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base.

Binah Capital Group (Binah Capital Group) Headlines

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