AGTech Holdings (AGTech Holdings) Days Payable : 81.14 (As of Sep. 2023)

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What is AGTech Holdings Days Payable?

AGTech Holdings's average Accounts Payable for the three months ended in Sep. 2023 was $3.09 Mil. AGTech Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $3.48 Mil. Hence, AGTech Holdings's Days Payable for the three months ended in Sep. 2023 was 81.14.

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

AGTEF' s Days Payable Range Over the Past 10 Years
Min: 46.27 Med: 72.14 Max: 165.05
Current: 106.17

During the past 13 years, AGTech Holdings's highest Days Payable was 165.05. The lowest was 46.27. And the median was 72.14.

AGTEF's Days Payable is ranked better than
67.73% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.455 vs AGTEF: 106.17

AGTech Holdings's Days Payable declined from Sep. 2022 (152.67) to Sep. 2023 (81.14). It may suggest that AGTech Holdings accelerated paying its suppliers.

AGTech Holdings Days Payable Historical Data

The historical data trend for AGTech Holdings'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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AGTech Holdings Days Payable Chart

AGTech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.43

78.81

54.80

164.92

106.69

AGTech Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															706.88	148.92	161.36	81.14	68.44

Competitive Comparison of AGTech Holdings's Days Payable

For the Gambling subindustry, AGTech Holdings'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.

AGTech Holdings's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, AGTech Holdings's Days Payable distribution charts can be found below:

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

AGTech Holdings 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.

AGTech Holdings'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
=	( (4.005	+	2.262)	/	2 )	/	10.72	*	365
=	3.1335					/	10.72	*	365
=	106.69

AGTech Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.091	+	0)	/	1 )	/	3.476	*	365 / 4
=	3.091					/	3.476	*	365 / 4
=	81.14

AGTech Holdings Days Payable Related Terms

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AGTech Holdings (AGTech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » AGTech Holdings Ltd (OTCPK:AGTEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

08279:Hong Kong

Address

Times Square, Causeway Bay, Unit 3912, 39th Floor, Tower Two, Hong Kong, HKG

Website

https://www.agtech.com

AGTech Holdings Ltd is an investment holding company that operates in two segments. The lottery operation segment includes sales and leasing of lottery hardware (including the provision of related after-sale services), provision of lottery distribution and ancillary services in Mainland China; and other related services. The electronic payment & related services segment includes the provision of payment card services and ancillary services; the provision of e-wallet services; the provision of acquiring services for other payment service providers; the sale and leasing of payment terminals and equipment; and other related services in Macau & generates the majority of revenue. Its geographical segments are Hong Kong, China, and Others, of which the majority of its revenue comes from China.

AGTech Holdings (AGTech Holdings) Headlines

From GuruFocus

AGTech Holdings Limited (HK.8279) Included in MSCI World Micro Cap Index

By ACCESSWIRE • 12-09-2023