AXXA (Exxe Group) Days Payable: 21.86 (As of Mar. 2024)

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What is Exxe Group Days Payable?

Exxe Group AXXA +14.29% Days Payable is 21.86 as of Mar. 2024.

Exxe Group's average Accounts Payable for the six months ended in Mar. 2024 was $1.98 Mil. Exxe Group's Cost of Goods Sold for the six months ended in Mar. 2024 was $32.98 Mil. Hence, Exxe Group's Days Payable for the six months ended in Mar. 2024 was 10.93.

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

AXXA's Days Payable is not ranked *
in the Conglomerates industry.
Industry Median: 56.04
* Ranked among companies with meaningful Days Payable only.

Exxe Group's Days Payable increased from . 20 (0.00) to Mar. 2024 (21.86). It may suggest that Exxe Group delayed paying its suppliers.

Exxe Group Days Payable Historical Data

* Premium members only.

The historical data trend for Exxe Group'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.

Exxe Group Days Payable Chart

Exxe Group Annual Data
Trend Mar23 Mar24
Days Payable
69.30 21.86

Exxe Group Semi-Annual Data
Mar23 Mar24
Days Payable 69.30 21.86

AXXA vs PTEEF, IDVV, TICJ: Days Payable Comparison

For the Conglomerates subindustry, Exxe Group'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.

Exxe Group Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Exxe Group's Days Payable distribution charts can be found below:

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


Exxe Group 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.

Exxe Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (3.307 + 0.644) / 2 ) / 32.98*365
=1.9755 / 32.98*365
=21.86

Exxe Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (3.307 + 0.644) / 2 ) / 32.98*365 / 2
=1.9755 / 32.98*365 / 2
=10.93

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 21.86 mean?
Exxe Group (AXXA) has a Days Payable of 21.86 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Exxe Group and its competitors.
Is Exxe Group's Days Payable too high?
Exxe Group's current Days Payable is 21.86. The Conglomerates industry median Days Payable is 56.04. Exxe Group's value of 21.86 is 61% below this industry median.
How does Exxe Group's Days Payable compare to PTEEF and IDVV?
Exxe Group's Days Payable of 21.86 can be compared against companies in the Conglomerates industry. The industry median Days Payable is 56.04. Exxe Group's value of 21.86 is 61% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Conglomerates company?
The median Days Payable among Conglomerates companies is 56.04, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exxe Group's current Days Payable of 21.86 is 61% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Exxe Group and its competitors. For the Conglomerates industry, the median Days Payable is 56.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxe Group's current Days Payable is 21.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxe Group stock overvalued right now?
Exxe Group (AXXA) has a current Days Payable of 21.86. The current Days Payable is 21.86 and 61% below the Conglomerates industry median of 56.04. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Exxe Group (AXXA), the current Days Payable is 21.86 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Exxe Group Business Description

Address 1345 Avenue of The Americas, 2nd Floor, New York, NY, USA, 10105
Exxe Group Inc is a diversified corporation based in the United States which is a fintech company with assets in private equity, real estate, architectural design, agricultural, automotive, medical, media, and trading technology. The company is engaged in fintech-based financial management, marketing through media and design, management consulting, strategic advisory, and AI-based systems. The company operates in a broad scope of segments that include fintech, real estate, agritech, software, AI, medical products, media and design, automotive products, and automotive repair.