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AB International Group's average Accounts Payable for the three months ended in Feb. 2024 was $0.24 Mil. AB International Group's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.06 Mil. Hence, AB International Group's Days Payable for the three months ended in Feb. 2024 was 359.11.
The historical rank and industry rank for AB International Group's Days Payable or its related term are showing as below:
During the past 10 years, AB International Group's highest Days Payable was 9368.33. The lowest was 58.76. And the median was 338.71.
AB International Group's Days Payable declined from Feb. 2023 (567.87) to Feb. 2024 (359.11). It may suggest that AB International Group accelerated paying its suppliers.
The historical data trend for AB International 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.
For the Entertainment subindustry, AB International 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.
For the Media - Diversified industry and Communication Services sector, AB International Group's Days Payable distribution charts can be found below:
* The bar in red indicates where AB International Group's Days Payable falls into.
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.
AB International Group's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as
Days Payable (A: Aug. 2023 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (A: Aug. 2022 ) | + | Accounts Payable (A: Aug. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Aug. 2023 ) | * | Days in Period |
= | ( (0.294 | + | 0.157) | / | 2 ) | / | 0.243 | * | 365 |
= | 0.2255 | / | 0.243 | * | 365 | ||||
= | 338.71 |
AB International Group's Days Payable for the quarter that ended in Feb. 2024 is calculated as:
Days Payable (Q: Feb. 2024 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Nov. 2023 ) | + | Accounts Payable (Q: Feb. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Feb. 2024 ) | * | Days in Period |
= | ( (0.342 | + | 0.146) | / | 2 ) | / | 0.062 | * | 365 / 4 |
= | 0.244 | / | 0.062 | * | 365 / 4 | ||||
= | 359.11 |
* 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.
Thank you for viewing the detailed overview of AB International Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Chiyuan Deng | director, officer: President | 2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077 |
Pathikonda Sivakumar Arikeri | 10 percent owner | #08-245, BLOCK #107, YISHUN KING ROAD, SINGAPORE U0 760107 |
Lijun Yu | 10 percent owner, officer: Chief Marketing Officer | 16TH FLOOR, RICH TOWERS, 2 BLENHEIM AVENUE, TSIM SHA TSUI, KOWLOON K3 00000 |
Linqing Ye | director | SHOP 518 5/F TM PLAZA, 88 QINGHEZHONGLU, GUANGZHOU F4 511400 |
Alexander Holtermann | director, officer: Chief Executive Officer | KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598 |
Jianli Deng | 10 percent owner, officer: Secretary and Treasurer | 2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077 |
Ian Wright | officer: Chief Operating Officer | BOECKLINSTRASSE 3, FRANKFURT AM MAIN GERMANY, FRANKFURT 2M 60596 |
Luis Hadic | officer: Chief Financial Officer | 23717 110B AVE., MAPLE RIDGE A1 V2W 2E2 |
Ho Ming Chung | officer: Chief Technology Officer | 23/F ROOM 8 BLOCK A WANG KWONG BLDG., 22 NGAU TAU KOK ROAD, KOWLOON K3 999077 |
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