EMAX (Ecomax) Days Payable: 5.63 (As of Mar. 2024)


EMAX Ecomax Inc EMAX
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What is Ecomax Days Payable?

Ecomax EMAX 7 Days Payable is 5.63 as of Mar. 2024. GuruFocus rates EMAX with a GF Score™ of 7/100.

Ecomax's average Accounts Payable for the three months ended in Mar. 2024 was $0.01 Mil. Ecomax's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.08 Mil. Hence, Ecomax's Days Payable for the three months ended in Mar. 2024 was 5.63.

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

EMAX's Days Payable is not ranked *
in the Diversified Financial Services industry.
Industry Median: 71.76
* Ranked among companies with meaningful Days Payable only.

Ecomax's Days Payable increased from Mar. 2023 (4.50) to Mar. 2024 (5.63). It may suggest that Ecomax delayed paying its suppliers.

Ecomax Days Payable Historical Data

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The historical data trend for Ecomax'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.

Ecomax Days Payable Chart

Ecomax Annual Data
Trend Dec96 Dec97 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 11.59

Ecomax Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.50 3.93 6.35 4.11 5.63

EMAX vs MTLK, NIMU, KATX: Days Payable Comparison

For the Shell Companies subindustry, Ecomax'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.

Ecomax Days Payable vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Ecomax's Days Payable distribution charts can be found below:

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


EMAX
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Ecomax Inc EMAX
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Ecomax 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.

Ecomax'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
=( (0.003 + 0.017) / 2 ) / 0.315*365
=0.01 / 0.315*365
=11.59

Ecomax'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: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0.005 + 0.005) / 2 ) / 0.081*365 / 4
=0.005 / 0.081*365 / 4
=5.63

* 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 5.63 mean?
Ecomax (EMAX) has a Days Payable of 5.63 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 Ecomax and its competitors.
Is Ecomax's Days Payable too high?
Ecomax's current Days Payable is 5.63. The Diversified Financial Services industry median Days Payable is 71.76. Ecomax's value of 5.63 is 92.2% below this industry median. Overall, Ecomax has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Ecomax's Days Payable compare to MTLK and NIMU?
Ecomax's Days Payable of 5.63 can be compared against companies in the Diversified Financial Services industry. The industry median Days Payable is 71.76. Ecomax's value of 5.63 is 92.2% 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 Diversified Financial Services company?
The median Days Payable among Diversified Financial Services companies is 71.76, based on 82 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. Ecomax's current Days Payable of 5.63 is 92.2% 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 Ecomax and its competitors. For the Diversified Financial Services industry, the median Days Payable is 71.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecomax's current Days Payable is 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomax stock overvalued right now?
Ecomax (EMAX) has a current Days Payable of 5.63. The current Days Payable is 5.63 and 92.2% below the Diversified Financial Services industry median of 71.76. Ecomax's overall GF Score™ is 7/100. 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 Ecomax (EMAX), the current Days Payable is 5.63 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.

Ecomax Business Description

Address 630 Fifth Avenue, Suite 2338, New York, NY, USA, 10020
Ecomax Inc is seeking new business opportunities.
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