Galaxy Next Generation (Galaxy Next Generation) Days Payable : 110.46 (As of Mar. 2023)

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What is Galaxy Next Generation Days Payable?

Galaxy Next Generation's average Accounts Payable for the three months ended in Mar. 2023 was $0.93 Mil. Galaxy Next Generation's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.77 Mil. Hence, Galaxy Next Generation's Days Payable for the three months ended in Mar. 2023 was 110.46.

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

GAXY's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 67.95
* Ranked among companies with meaningful Days Payable only.

Galaxy Next Generation's Days Payable increased from Mar. 2022 (56.68) to Mar. 2023 (110.46). It may suggest that Galaxy Next Generation delayed paying its suppliers.

Galaxy Next Generation Days Payable Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Days Payable Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Days Payable

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148.52

93.94

375.28

220.44

84.46

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															56.68	123.32	228.29	221.77	110.46

Competitive Comparison of Galaxy Next Generation's Days Payable

For the Consumer Electronics subindustry, Galaxy Next Generation'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.

Galaxy Next Generation's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Galaxy Next Generation's Days Payable distribution charts can be found below:

* The bar in red indicates where Galaxy Next Generation's Days Payable falls into.

Galaxy Next Generation 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.

Galaxy Next Generation's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (0.83	+	0.738)	/	2 )	/	3.388	*	365
=	0.784					/	3.388	*	365
=	84.46

Galaxy Next Generation's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.986	+	0.883)	/	2 )	/	0.772	*	365 / 4
=	0.9345					/	0.772	*	365 / 4
=	110.46

Galaxy Next Generation Days Payable Related Terms

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577