AGAEW (Allied Gaming & Entertainment) Days Payable : 29.02 (As of Jun. 2024)

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What is Allied Gaming & Entertainment Days Payable?

Allied Gaming & Entertainment's average Accounts Payable for the three months ended in Jun. 2024 was $0.66 Mil. Allied Gaming & Entertainment's Cost of Goods Sold for the three months ended in Jun. 2024 was $2.06 Mil. Hence, Allied Gaming & Entertainment's Days Payable for the three months ended in Jun. 2024 was 29.02.

The historical rank and industry rank for Allied Gaming & Entertainment's Days Payable or its related term are showing as below:

AGAEW' s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 26.26 Max: 70.76
Current: 35.61

During the past 7 years, Allied Gaming & Entertainment's highest Days Payable was 70.76. The lowest was 13.37. And the median was 26.26.

AGAEW's Days Payable is ranked worse than
74.28% of 937 companies
in the Media - Diversified industry
Industry Median: 78.96 vs AGAEW: 35.61

Allied Gaming & Entertainment's Days Payable increased from Jun. 2023 (23.54) to Jun. 2024 (29.02). It may suggest that Allied Gaming & Entertainment delayed paying its suppliers.

Allied Gaming & Entertainment Days Payable Historical Data

The historical data trend for Allied Gaming & Entertainment'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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Allied Gaming & Entertainment Days Payable Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.37

70.76

55.62

24.99

26.26

Allied Gaming & Entertainment Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															23.54	83.08	27.70	15.81	29.02

Competitive Comparison of Allied Gaming & Entertainment's Days Payable

For the Entertainment subindustry, Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment's Days Payable Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Allied Gaming & Entertainment's Days Payable falls into.

Allied Gaming & Entertainment 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.

Allied Gaming & Entertainment'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
=	( (0.318	+	0.372)	/	2 )	/	4.796	*	365
=	0.345					/	4.796	*	365
=	26.26

Allied Gaming & Entertainment's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.173	+	1.139)	/	2 )	/	2.063	*	365 / 4
=	0.656					/	2.063	*	365 / 4
=	29.02

Allied Gaming & Entertainment Days Payable Related Terms

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Allied Gaming & Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (OTCPK:AGAEW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AGAE:USA 2AA:Germany

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.