BETSF (Bit Brother) Days Payable: 2.95 (As of Jun. 2023)

What is Bit Brother Days Payable?

Bit Brother BETSF 16 Days Payable is 2.95 as of Jun. 2023. GuruFocus rates BETSF with a GF Score™ of 16/100.

Bit Brother's average Accounts Payable for the six months ended in Jun. 2023 was $0.09 Mil. Bit Brother's Cost of Goods Sold for the six months ended in Jun. 2023 was $5.25 Mil. Hence, Bit Brother's Days Payable for the six months ended in Jun. 2023 was 2.95.

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

BETSF's Days Payable is not ranked ^*
in the Capital Markets industry.
Industry Median: 92.89
* Ranked among companies with meaningful Days Payable only.

Bit Brother's Days Payable increased from Jun. 2022 (0.00) to Jun. 2023 (2.95). It may suggest that Bit Brother delayed paying its suppliers.

Bit Brother Days Payable Related Terms

Bit Brother Days Payable Historical Data

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The historical data trend for Bit Brother'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.

Bit Brother Days Payable Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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140.15

81.29

85.70

148.03

13.80

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															0.00	30.02	0.00	107.37	2.95

BETSF vs BTCS, MIGI, ATIF: Days Payable Comparison

For the Capital Markets subindustry, Bit Brother'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.

Bit Brother Days Payable vs Capital Markets Industry

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

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

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16GF Score

Bit Brother Ltd BETSF

Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.

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Bit Brother 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.

Bit Brother's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.344	+	0.081)	/	2 )	/	5.621	*	365
=	0.2125					/	5.621	*	365
=	13.80

Bit Brother'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
=	( (0.089	+	0.081)	/	2 )	/	5.254	*	365 / 2
=	0.085					/	5.254	*	365 / 2
=	2.95

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 2.95 mean?

Bit Brother (BETSF) has a Days Payable of 2.95 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bit Brother and its competitors.

Is Bit Brother's Days Payable too high?

Bit Brother's current Days Payable is 2.95. The Capital Markets industry median Days Payable is 92.89. Bit Brother's value of 2.95 is 96.8% below this industry median. Overall, Bit Brother has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Bit Brother's Days Payable compare to BTCS and MIGI?

Bit Brother's Days Payable of 2.95 can be compared against companies in the Capital Markets industry. The industry median Days Payable is 92.89. Bit Brother's value of 2.95 is 96.8% 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 Capital Markets company?

The median Days Payable among Capital Markets companies is 92.89, based on 541 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. Bit Brother's current Days Payable of 2.95 is 96.8% 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 Bit Brother and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bit Brother's current Days Payable is 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bit Brother stock overvalued right now?

Bit Brother (BETSF) has a current Days Payable of 2.95. The current Days Payable is 2.95 and 96.8% below the Capital Markets industry median of 92.89. Bit Brother's overall GF Score™ is 16/100. 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 Bit Brother (BETSF), the current Days Payable is 2.95 as of Jun. 2023. 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.

Bit Brother Business Description

Industry Financial Services Capital Markets

Comparable Companies BTCS MIGI ATIF COHN OLKR MEGL TCJH NHMD BTOG NCPL MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908

Address 53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.

16GF Score

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