Fomo Worldwide (Fomo Worldwide) Days Payable : 269.38 (As of Sep. 2023)

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What is Fomo Worldwide Days Payable?

Fomo Worldwide's average Accounts Payable for the three months ended in Sep. 2023 was $1.42 Mil. Fomo Worldwide's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.48 Mil. Hence, Fomo Worldwide's Days Payable for the three months ended in Sep. 2023 was 269.38.

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

IGOT' s Days Payable Range Over the Past 10 Years
Min: 34.87 Med: 47.88 Max: 143.1
Current: 129.63

During the past 13 years, Fomo Worldwide's highest Days Payable was 143.10. The lowest was 34.87. And the median was 47.88.

IGOT's Days Payable is ranked better than
64.88% of 467 companies
in the Asset Management industry
Industry Median: 70.5 vs IGOT: 129.63

Fomo Worldwide's Days Payable increased from Sep. 2022 (114.71) to Sep. 2023 (269.38). It may suggest that Fomo Worldwide delayed paying its suppliers.

Fomo Worldwide Days Payable Historical Data

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Days Payable Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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143.10

34.87

47.88

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															114.71	55.98	335.69	177.48	269.38

Competitive Comparison of Fomo Worldwide's Days Payable

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Days Payable distribution charts can be found below:

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

Fomo Worldwide 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.

Fomo Worldwide's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.04	+	1.657)	/	2 )	/	6.468	*	365
=	0.8485					/	6.468	*	365
=	47.88

Fomo Worldwide'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
=	( (1.424	+	1.41)	/	2 )	/	0.48	*	365 / 4
=	1.417					/	0.48	*	365 / 4
=	269.38

Fomo Worldwide Days Payable Related Terms

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Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174