Fobi Ai (TSXV:FOBI) Days Payable : 167.25 (As of Dec. 2023)

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What is Fobi Ai Days Payable?

Fobi Ai's average Accounts Payable for the three months ended in Dec. 2023 was C$1.50 Mil. Fobi Ai's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.82 Mil. Hence, Fobi Ai's Days Payable for the three months ended in Dec. 2023 was 167.25.

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

TSXV:FOBI' s Days Payable Range Over the Past 10 Years
Min: 37.64 Med: 182.81 Max: 1241.42
Current: 120.42

During the past 13 years, Fobi Ai's highest Days Payable was 1241.42. The lowest was 37.64. And the median was 182.81.

TSXV:FOBI's Days Payable is ranked better than
73.5% of 2525 companies
in the Software industry
Industry Median: 50.65 vs TSXV:FOBI: 120.42

Fobi Ai's Days Payable increased from Dec. 2022 (74.67) to Dec. 2023 (167.25). It may suggest that Fobi Ai delayed paying its suppliers.

Fobi Ai Days Payable Historical Data

The historical data trend for Fobi Ai'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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Fobi Ai Days Payable Chart

Fobi Ai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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1,241.42

262.64

182.81

37.64

82.66

Fobi Ai 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															74.67	83.91	107.22	130.06	167.25

Competitive Comparison of Fobi Ai's Days Payable

For the Software - Infrastructure subindustry, Fobi Ai'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.

Fobi Ai's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Fobi Ai's Days Payable distribution charts can be found below:

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

Fobi Ai 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.

Fobi Ai's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.711	+	1.258)	/	2 )	/	4.347	*	365
=	0.9845					/	4.347	*	365
=	82.66

Fobi Ai's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.299	+	1.696)	/	2 )	/	0.817	*	365 / 4
=	1.4975					/	0.817	*	365 / 4
=	167.25

Fobi Ai Days Payable Related Terms

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Fobi Ai (TSXV:FOBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fobi Ai Inc (TSXV:FOBI) » Definitions » Days Payable

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Traded in Other Exchanges

FOBIF:USA WMV:Germany

Address

541 Howe Street, Unit 2F, Vancouver, BC, CAN, V6C 2C2

Website

https://www.fobi.ai

Fobi Ai Inc is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. The Company operates in one operating segment, being the technology segment wherein it earns revenues from directly selling software as a service, reselling, referring and licensing its technology to licensors. Its IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating scalable solutions for clients across the world. The company operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries. It operates in North America and Europe.

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