Vinanz (AQSE:BTC) Days Payable : 62.96 (As of Feb. 2024)

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What is Vinanz Days Payable?

Vinanz's average Accounts Payable for the six months ended in Feb. 2024 was £0.07 Mil. Vinanz's Cost of Goods Sold for the six months ended in Feb. 2024 was £0.20 Mil. Hence, Vinanz's Days Payable for the six months ended in Feb. 2024 was 62.96.

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

AQSE:BTC' s Days Payable Range Over the Past 10 Years
Min: 89.95 Med: 246.38 Max: 246.38
Current: 89.95

During the past 2 years, Vinanz's highest Days Payable was 246.38. The lowest was 89.95. And the median was 246.38.

AQSE:BTC's Days Payable is ranked worse than
52.12% of 520 companies
in the Capital Markets industry
Industry Median: 102.285 vs AQSE:BTC: 89.95

Vinanz's Days Payable increased from Feb. 2023 (0.00) to Feb. 2024 (62.96). It may suggest that Vinanz delayed paying its suppliers.

Vinanz Days Payable Historical Data

The historical data trend for Vinanz'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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Vinanz Days Payable Chart

Vinanz Annual Data

Trend

Aug22

Aug23

Days Payable

246.38

Vinanz Semi-Annual Data
	Aug22	Feb23	Aug23	Feb24
Days Payable	-	-	166.53	62.96

Competitive Comparison of Vinanz's Days Payable

For the Capital Markets subindustry, Vinanz'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.

Vinanz's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Vinanz's Days Payable distribution charts can be found below:

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

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Vinanz 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.

Vinanz's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.035	+	0.073)	/	2 )	/	0.08	*	365
=	0.054					/	0.08	*	365
=	246.38

Vinanz's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.073	+	0.065)	/	2 )	/	0.2	*	365 / 2
=	0.069					/	0.2	*	365 / 2
=	62.96

Vinanz Days Payable Related Terms

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Vinanz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vinanz Ltd (AQSE:BTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VINZF:USA BTC:UK

Address

Wichhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG 1110

Website

https://www.vinanz.co.uk

Vinanz Ltd operates as a Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. The company focuses on the development of BTC cryptocurrency mining operations and an emerging class of powerful decentralised finance DeFI technologies. Together, cryptocurrencies and decentralised protocol technologies interoperate to create global decentralised financial services platforms. These platforms continue to enjoy rapid growth and are augmenting or replacing capabilities typically associated with traditional finance.