UMeWorld (UMeWorld) Days Payable : 1,049.38 (As of Sep. 2023)

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What is UMeWorld Days Payable?

UMeWorld's average Accounts Payable for the six months ended in Sep. 2023 was $0.01 Mil. UMeWorld's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.00 Mil. Hence, UMeWorld's Days Payable for the six months ended in Sep. 2023 was 524.69.

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

UMEWF' s Days Payable Range Over the Past 10 Years
Min: 410.63 Med: 2137.99 Max: 8577.5
Current: 1049.38

During the past 13 years, UMeWorld's highest Days Payable was 8577.50. The lowest was 410.63. And the median was 2137.99.

UMEWF's Days Payable is ranked better than
98.32% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs UMEWF: 1049.38

UMeWorld's Days Payable increased from Sep. 2021 (410.63) to Sep. 2023 (1,049.38). It may suggest that UMeWorld delayed paying its suppliers.

UMeWorld Days Payable Historical Data

The historical data trend for UMeWorld'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.

UMeWorld Days Payable Chart

UMeWorld Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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8,577.50

410.63

8,212.50

1,049.38

UMeWorld Semi-Annual Data
	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															8,577.50	-	410.63	8,212.50	1,049.38

Competitive Comparison of UMeWorld's Days Payable

For the Packaged Foods subindustry, UMeWorld'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.

UMeWorld's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, UMeWorld's Days Payable distribution charts can be found below:

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

UMeWorld 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.

UMeWorld's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.022	+	0.001)	/	2 )	/	0.004	*	365
=	0.0115					/	0.004	*	365
=	1,049.38

UMeWorld's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.022	+	0.001)	/	2 )	/	0.004	*	365 / 2
=	0.0115					/	0.004	*	365 / 2
=	524.69

UMeWorld Days Payable Related Terms

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UMeWorld (UMeWorld) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » UMeWorld Ltd (OTCPK:UMEWF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Yee Wo Street, Unit B, 12th Floor, Hang Seng Causeway Bay Building, Causeway Bay, Hong Kong, HKG

Website

http://www.umeworld.com

UMeWorld Ltd is an internet technology company. It has developed a UMFun, the kindergarten-to-grade (K-12) product of the company which is a cloud-based, adaptive learning and assessment platform which analyzes and adapts to a student's performance and personalizes the delivery of proprietary educational items in accordance with the student's learning needs. The company offers UMFun's off-school version to Chinese K-12 students through China Mobile. Its other products are UMTang, UEXiao, and 17Speech.

Executives

Sandro Persia	officer: Secretary & Treasurer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
John David Milroy	director
Marcel Urbanc	officer: Chief Financial Officer
Sai Ming Wong	other: Former Director & Officer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Michael Weisspapir	officer: Chief Medical Scientist	CO/ EASGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109
Man Ching Lee	director, 10 percent owner, officer: President	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Keith Ford Moore	director	NEUMARKET, ONT CANADA, L3Y 1J8 A6 00000
Joseph Schwarz	officer: Chief Scientist	CO/ EASTGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109