Tix (TIXC) Days Payable : 81.88 (As of Sep. 2020)

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What is Tix Days Payable?

Tix's average Accounts Payable for the three months ended in Sep. 2020 was $0.64 Mil. Tix's Cost of Goods Sold for the three months ended in Sep. 2020 was $0.71 Mil. Hence, Tix's Days Payable for the three months ended in Sep. 2020 was 81.88.

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

TIXC's Days Payable is not ranked ^*
in the Media - Diversified industry.
Industry Median: 82.44
* Ranked among companies with meaningful Days Payable only.

Tix's Days Payable increased from Sep. 2019 (70.35) to Sep. 2020 (81.88). It may suggest that Tix delayed paying its suppliers.

Tix Days Payable Historical Data

The historical data trend for Tix'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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Tix Days Payable Chart

Tix Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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40.37

52.30

60.21

50.52

41.30

Tix Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Payable	Get a 7-Day Free Trial															70.35	59.74	28.50	45.89	81.88

Competitive Comparison of Tix's Days Payable

For the Entertainment subindustry, Tix'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.

Tix's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tix's Days Payable distribution charts can be found below:

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

Tix 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.

Tix's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (1.072	+	0.754)	/	2 )	/	8.069	*	365
=	0.913					/	8.069	*	365
=	41.30

Tix's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (0.538	+	0.738)	/	2 )	/	0.711	*	365 / 4
=	0.638					/	0.711	*	365 / 4
=	81.88

Tix Days Payable Related Terms

Thank you for viewing the detailed overview of Tix's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tix (TIXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tix Corp (OTCPK:TIXC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

731 Pilot Road, Suite A, Las Vegas, NV, USA, 89119

Website

http://www.tixcorp.com

Tix Corp is an entertainment company. It is engaged in providing discount ticketing and discount dining and shopping products. Through its subsidiaries, the company offers sale discount tickets to Las Vegas shows and discounted dining at various restaurants surrounding the Las Vegas Strip and downtown.

Executives

Mitch Francis	director, 10 percent owner, officer: Chief Executive Officer	12001 VENTURA PLACE SUITE 340 STUDIO CITY CA 91604
Kimberly Sue Simon	officer: Chief Operating Officer	C/O LOEB & LOEB LLP 10100 SANTA MONICA BLVD #2200 LOS ANGELES CA 90067-4164
Benjamin Frankel	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Norman Feirstein	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Sam Georges	director	930 SOUTH ANDREAN DRIVE, SUITE H ESCONDIDO CA 92029
Andy Pells	director	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Steve Handy	officer: Chief Financial Officer	8228 SUNSET BLVD., LOS ANGELES CA 90046
Joseph B Marsh	10 percent owner, other: consultant	605 SURFSIDE DRIVE AKRON OH 44317
Iqbal Ashraf	10 percent owner	201 S. LAKE AVENUE SUITE 603 PASADENA CA 91101
Richard Kam	officer: Vice President - Finance	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Matt Natalizio	officer: CFO	11726 SAN VICENTE BLVD., SUITE 650, LOS ANGELES CA 90049
Gray Gerry	10 percent owner	4118 SUNDANCE DRIVE SUN PEAKS A1 V0E1Z1