X3 Holdings Co (X3 Holdings Co) Days Payable : 319.54 (As of Dec. 2023)

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What is X3 Holdings Co Days Payable?

X3 Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was $15.17 Mil. X3 Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $8.67 Mil. Hence, X3 Holdings Co's Days Payable for the six months ended in Dec. 2023 was 319.54.

The historical rank and industry rank for X3 Holdings Co's Days Payable or its related term are showing as below:

XTKG' s Days Payable Range Over the Past 10 Years
Min: 199.26 Med: 407.35 Max: 921.6
Current: 391.72

During the past 8 years, X3 Holdings Co's highest Days Payable was 921.60. The lowest was 199.26. And the median was 407.35.

XTKG's Days Payable is ranked better than
91.49% of 2527 companies
in the Software industry
Industry Median: 50.54 vs XTKG: 391.72

X3 Holdings Co's Days Payable declined from Dec. 2022 (2,216.54) to Dec. 2023 (319.54). It may suggest that X3 Holdings Co accelerated paying its suppliers.

X3 Holdings Co Days Payable Historical Data

The historical data trend for X3 Holdings Co'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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X3 Holdings Co Days Payable Chart

X3 Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

468.36

465.54

387.42

921.60

427.27

X3 Holdings Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										297.25	603.49	2,216.54	473.40	319.54

Competitive Comparison of X3 Holdings Co's Days Payable

For the Software - Application subindustry, X3 Holdings Co'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.

X3 Holdings Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, X3 Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where X3 Holdings Co's Days Payable falls into.

X3 Holdings Co 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.

X3 Holdings Co'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
=	( (12.816	+	18.568)	/	2 )	/	13.405	*	365
=	15.692					/	13.405	*	365
=	427.27

X3 Holdings Co'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (11.775	+	18.568)	/	2 )	/	8.665	*	365 / 2
=	15.1715					/	8.665	*	365 / 2
=	319.54

X3 Holdings Co Days Payable Related Terms

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X3 Holdings Co (X3 Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » X3 Holdings Co Ltd (NAS:XTKG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Advanced Business Park, 29 Lanwan Lane, 9th Floor, Building C2, Hightech District, Guangdong Province, Zhuhai, CHN, 519080

Website

https://www.powerbridge.com

Powerbridge Technologies Co Ltd provides a software application, technology solutions, and services to corporate and government customers. The company offers services such as Powerbridge System Solutions, Powerbridge SaaS Services, Powerbridge BaaS Services, and others. It generates its revenue in the form of application development services, consulting and technical support services, and subscription services. All of its revenues are generated from the People's Republic of China.