Banneker (Banneker) Days Payable : 16.70 (As of Dec. 2000)

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What is Banneker Days Payable?

Banneker's average Accounts Payable for the three months ended in Dec. 2000 was $0.78 Mil. Banneker's Cost of Goods Sold for the three months ended in Dec. 2000 was $4.28 Mil. Hence, Banneker's Days Payable for the three months ended in Dec. 2000 was 16.70.

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

BANI's Days Payable is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 54.48
* Ranked among companies with meaningful Days Payable only.

Banneker's Days Payable declined from Dec. 2099 (19.29) to Dec. 2000 (16.70). It may suggest that Banneker accelerated paying its suppliers.

Banneker Days Payable Historical Data

The historical data trend for Banneker'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.

Banneker Days Payable Chart

Banneker Annual Data

Trend

Mar98

Days Payable

41.08

Banneker Quarterly Data
	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec98	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00
Days Payable	Get a 7-Day Free Trial									19.29	10.57	11.00	19.34	16.70

Competitive Comparison of Banneker's Days Payable

For the Luxury Goods subindustry, Banneker'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.

Banneker's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Banneker's Days Payable distribution charts can be found below:

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

Banneker 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.

Banneker's Days Payable for the fiscal year that ended in Mar. 2098 is calculated as

	Days Payable (A: Mar. 2098 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: . 20 )	+	Accounts Payable (A: Mar. 2098 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2098 )	*	Days in Period
=	( (	+	7.8)	/	1 )	/	69.3	*	365
=	7.8					/	69.3	*	365
=	41.08

Banneker's Days Payable for the quarter that ended in Dec. 2000 is calculated as:

	Days Payable (Q: Dec. 2000 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2000 )	+	Accounts Payable (Q: Dec. 2000 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2000 )	*	Days in Period
=	( (0.721	+	0.846)	/	2 )	/	4.281	*	365 / 4
=	0.7835					/	4.281	*	365 / 4
=	16.70

Banneker Days Payable Related Terms

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Banneker (Banneker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Banneker Inc (OTCPK:BANI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1660 South Albion Street, Suite 318, Denver, CO, USA, 80222

Website

https://www.bannekerstore.com

Banneker Inc is designing and manufacturing different types of clocks and watches. The company is engaged in watch making and wholesale jewelry company founded on the basis of fashion, elegance, and watch design can all converge together to create a work of art.

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