AGM Group Holdings (AGM Group Holdings) Days Payable : 0.00 (As of Jun. 2023)

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What is AGM Group Holdings Days Payable?

AGM Group Holdings's average Accounts Payable for the three months ended in Jun. 2023 was $56.3 Mil. AGM Group Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.0 Mil.

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

During the past 7 years, AGM Group Holdings's highest Days Payable was 352.27. The lowest was 9.86. And the median was 38.42.

AGMH's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 67.83
* Ranked among companies with meaningful Days Payable only.

AGM Group Holdings's Days Payable declined from Sep. 2021 (0.04) to Jun. 2023 (0.00). It may suggest that AGM Group Holdings accelerated paying its suppliers.

AGM Group Holdings Days Payable Historical Data

The historical data trend for AGM Group Holdings'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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AGM Group Holdings Days Payable Chart

AGM Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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10.26

352.27

38.42

85.59

73.27

AGM Group Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial											0.04	25.27	-	-	-

Competitive Comparison of AGM Group Holdings's Days Payable

For the Computer Hardware subindustry, AGM Group Holdings'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.

AGM Group Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AGM Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where AGM Group Holdings's Days Payable falls into.

AGM Group Holdings 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.

AGM Group Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (14.117	+	64.5)	/	2 )	/	195.808	*	365
=	39.3085					/	195.808	*	365
=	73.27

AGM Group Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (64.5	+	48.112)	/	2 )	/	0	*	365 / 4
=	56.306					/	0	*	365 / 4
=	N/A

AGM Group Holdings Days Payable Related Terms

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AGM Group Holdings (AGM Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AGM Group Holdings Inc (NAS:AGMH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Creative Consultants (Hong Kong) Limited, 185 Wanchai Road, Room 1502-3, 15th Floor, Connuaght Commercial Building, Wanchai, Hong Kong, HKG

Website

http://www.agmprime.com

AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.