AtlasClear Holdings (AtlasClear Holdings) Days Payable : 1,919.25 (As of Jun. 2023)

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What is AtlasClear Holdings Days Payable?

AtlasClear Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $39.72 Mil. AtlasClear Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $7.55 Mil. Hence, AtlasClear Holdings's Days Payable for the six months ended in Jun. 2023 was 959.62.

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

ATCH's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.81
* Ranked among companies with meaningful Days Payable only.

AtlasClear Holdings's Days Payable increased from . 20 (0.00) to Jun. 2023 (1,919.25). It may suggest that AtlasClear Holdings delayed paying its suppliers.

AtlasClear Holdings Days Payable Historical Data

The historical data trend for AtlasClear 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.

* Premium members only.

AtlasClear Holdings Days Payable Chart

AtlasClear Holdings Annual Data

Trend

Jun22

Days Payable

1,905.15

AtlasClear Holdings Semi-Annual Data
	Jun22	Jun23
Days Payable	1,905.15	1,919.25

Competitive Comparison of AtlasClear Holdings's Days Payable

For the Software - Infrastructure subindustry, AtlasClear 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.

AtlasClear Holdings's Days Payable Distribution in the Software Industry

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

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

AtlasClear 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.

AtlasClear Holdings's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: . 20 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (	+	50.703)	/	1 )	/	9.714	*	365
=	50.703					/	9.714	*	365
=	1,905.15

AtlasClear 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: Jun. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (50.703	+	28.738)	/	2 )	/	7.554	*	365 / 2
=	39.7205					/	7.554	*	365 / 2
=	959.62

AtlasClear Holdings Days Payable Related Terms

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AtlasClear Holdings (AtlasClear Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AtlasClear Holdings Inc (AMEX:ATCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.atlasclear.com

AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on financial services firms, generally with annual revenues up to $1 billion, including small and mid-sized banks, brokerage firms, hedge funds, pension plans, and family offices that are not adequately served by today's larger correspondent clearing firms and banks.

AtlasClear Holdings (AtlasClear Holdings) Headlines

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