GlobalTech (GlobalTech) Days Payable : 292.70 (As of Mar. 2024)

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What is GlobalTech Days Payable?

GlobalTech's average Accounts Payable for the three months ended in Mar. 2024 was $11.49 Mil. GlobalTech's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.58 Mil. Hence, GlobalTech's Days Payable for the three months ended in Mar. 2024 was 292.70.

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

GLTK' s Days Payable Range Over the Past 10 Years
Min: 420.18 Med: 442.18 Max: 464.18
Current: 454.44

During the past 2 years, GlobalTech's highest Days Payable was 464.18. The lowest was 420.18. And the median was 442.18.

GLTK's Days Payable is ranked better than
90.43% of 345 companies
in the Telecommunication Services industry
Industry Median: 102.31 vs GLTK: 454.44

GlobalTech's Days Payable declined from Dec. 2022 (332.30) to Mar. 2024 (292.70). It may suggest that GlobalTech accelerated paying its suppliers.

GlobalTech Days Payable Historical Data

The historical data trend for GlobalTech'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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GlobalTech Days Payable Chart

GlobalTech Annual Data

Trend

Dec22

Dec23

Days Payable

464.18

420.18

GlobalTech Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			332.30	496.58	414.89	319.84	292.70

Competitive Comparison of GlobalTech's Days Payable

For the Telecom Services subindustry, GlobalTech'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.

GlobalTech's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GlobalTech's Days Payable distribution charts can be found below:

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

GlobalTech 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.

GlobalTech'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
=	( (11.635	+	11.416)	/	2 )	/	10.012	*	365
=	11.5255					/	10.012	*	365
=	420.18

GlobalTech's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (11.416	+	11.564)	/	2 )	/	3.582	*	365 / 4
=	11.49					/	3.582	*	365 / 4
=	292.70

GlobalTech Days Payable Related Terms

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GlobalTech (GlobalTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GlobalTech Corp (OTCPK:GLTK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3550 Barron Way, Suite 13a, Reno, NV, USA, 89511

Website

https://www.globaltechcorporation.com

GlobalTech Corp is a company which operates through its subsidiaries is involved in communications and broadband business in the country of Pakistan. The company sells digital television, analog cable television, and broadband internet services to consumers and businesses.

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