Agrify (Agrify) Days Payable

: 13,695.80 (As of Dec. 2023)

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Agrify's average Accounts Payable for the three months ended in Dec. 2023 was $21.46 Mil. Agrify's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.14 Mil. Hence, Agrify's Days Payable for the three months ended in Dec. 2023 was 13,695.80.

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

AGFY' s Days Payable Range Over the Past 10 Years
Min: 24.77 Med: 84.28 Max: 670.52
Current: 670.52

During the past 6 years, Agrify's highest Days Payable was 670.52. The lowest was 24.77. And the median was 84.28.

AGFY's Days Payable is ranked better than
96.51% of 1603 companies
in the Construction industry
Industry Median: 73.78 vs AGFY: 670.52

Agrify's Days Payable increased from Dec. 2022 (34.90) to Dec. 2023 (13,695.80). It may suggest that Agrify delayed paying its suppliers.

Agrify Days Payable Historical Data

The historical data trend for Agrify'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.

Agrify Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

108.37

24.77

32.89

60.18

650.47

Agrify Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable															34.90	394.78	439.16	927.65	13,695.80

Competitive Comparison

For the Engineering & Construction subindustry, Agrify'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.

Agrify Days Payable Distribution

For the Construction industry and Industrials sector, Agrify's Days Payable distribution charts can be found below:

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

Agrify 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.

Agrify'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
=	( (20.543	+	20.766)	/	2 )	/	11.59	*	365
=	20.6545					/	11.59	*	365
=	650.47

Agrify'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
=	( (22.16	+	20.766)	/	2 )	/	0.143	*	365 / 4
=	21.463					/	0.143	*	365 / 4
=	13,695.80

Agrify Days Payable Related Terms

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Agrify (Agrify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Agrify Corp (NAS:AGFY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2468 Industrial Row Drive, Troy, MI, USA, 48084

Website

https://www.agrify.com

Agrify Corp provides hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for cultivation, extraction, post-processing, and testing for the cannabis and hemp industry. The products offered by the company include Integrated Grow Racks, LED Grow Lights, Hydroponics, and Vertical Farming Units.

Executives

Brian Towns	officer: EVP - Extraction Division	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Raymond Nobu Chang	director, 10 percent owner, officer: CEO & Chairman of the BOD	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Guichao Hua	director	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Timothy John Hayden	officer: Chief Revenue Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Christopher J Benyo	officer: Chief Revenue Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Max Holtzman	director	76 TREBLE COVE ROAD BUILDING 3, BILLERICA MA 01862
Steve Drucker	officer: Chief Information Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
David Aaron Kessler	officer: Chief Scientific Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Stuart Anthony Wilcox	director	1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 10178
Timothy Mahoney	director
Niv Krikov	officer: Chief Financial Officer	15 YOSEF KRONENBERG ST., REHOVOT L3 76662
Timothy Oakes	director	20 HARVARD MILL SQUARE, WAKEFIELD MA 01880
Robert Reed Harrison	officer: Chief Operating Officer	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Thomas L Massie	director	130 NEW BOSTON STREET, WOBURN MA 01801