Two Hands (Two Hands) Days Payable : 320.92 (As of Mar. 2024)

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What is Two Hands Days Payable?

Two Hands's average Accounts Payable for the three months ended in Mar. 2024 was $0.52 Mil. Two Hands's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.15 Mil. Hence, Two Hands's Days Payable for the three months ended in Mar. 2024 was 320.92.

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

TWOH' s Days Payable Range Over the Past 10 Years
Min: 144.82 Med: 281.78 Max: 1612.79
Current: 244.12

During the past 13 years, Two Hands's highest Days Payable was 1612.79. The lowest was 144.82. And the median was 281.78.

TWOH's Days Payable is ranked better than
85.89% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TWOH: 244.12

Two Hands's Days Payable increased from Mar. 2023 (307.11) to Mar. 2024 (320.92). It may suggest that Two Hands delayed paying its suppliers.

Two Hands Days Payable Historical Data

The historical data trend for Two Hands'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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Two Hands Days Payable Chart

Two Hands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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302.84

144.82

281.78

272.86

Two Hands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															307.11	229.36	234.81	192.29	320.92

Competitive Comparison of Two Hands's Days Payable

For the Software - Application subindustry, Two Hands'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.

Two Hands's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Two Hands's Days Payable distribution charts can be found below:

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

Two Hands 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.

Two Hands'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
=	( (0.555	+	0.523)	/	2 )	/	0.721	*	365
=	0.539					/	0.721	*	365
=	272.86

Two Hands'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
=	( (0.523	+	0.518)	/	2 )	/	0.148	*	365 / 4
=	0.5205					/	0.148	*	365 / 4
=	320.92

Two Hands Days Payable Related Terms

Thank you for viewing the detailed overview of Two Hands's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Two Hands (Two Hands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Two Hands Corp (OTCPK:TWOH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TWOH:Canada

Address

1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1

Website

https://www.twohandsgroup.com

Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.

Executives

Steven Gryfe	officer: Chief Financial Officer	558 ATLAS AVENUE, TORONTO A6 M6C3R6
Ryan M. Wilson	director	42 MUSCAT CRES., AJAX A6 L1Z0B9
Nadav Elituv	director, 10 percent owner, officer: CEO, Pres, Sec & Treasurer	373 JOICEY BLVD., NORTH YORK A6 M5M2W2
Bradley Southam	director	33-310 CHRISTOPHER DRIVE, CAMBRIDGE A6 N1P1B4
Shuttle Digital Solutions Inc	10 percent owner	250 YONGE STREET, SUITE 2201, TORONTO A6 M5B2L7