Freedom Internet Group (Freedom Internet Group) Days Payable : 41.21 (As of Jan. 2023)

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What is Freedom Internet Group Days Payable?

Freedom Internet Group's average Accounts Payable for the three months ended in Jan. 2023 was $0.01 Mil. Freedom Internet Group's Cost of Goods Sold for the three months ended in Jan. 2023 was $0.03 Mil. Hence, Freedom Internet Group's Days Payable for the three months ended in Jan. 2023 was 41.21.

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

FIGI's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 74.64
* Ranked among companies with meaningful Days Payable only.

Freedom Internet Group's Days Payable increased from Jan. 2022 (27.38) to Jan. 2023 (41.21). It may suggest that Freedom Internet Group delayed paying its suppliers.

Freedom Internet Group Days Payable Historical Data

The historical data trend for Freedom Internet 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.

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Freedom Internet Group Days Payable Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Days Payable

91.25

57.45

65.40

47.15

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Days Payable	Get a 7-Day Free Trial									27.38	20.60	21.29	22.81	41.21

Competitive Comparison of Freedom Internet Group's Days Payable

For the Asset Management subindustry, Freedom Internet 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.

Freedom Internet Group's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Freedom Internet Group's Days Payable distribution charts can be found below:

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

Freedom Internet 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.

Freedom Internet Group's Days Payable for the fiscal year that ended in Oct. 2022 is calculated as

	Days Payable (A: Oct. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2021 )	+	Accounts Payable (A: Oct. 2022 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2022 )	*	Days in Period
=	( (0.017	+	0.014)	/	2 )	/	0.12	*	365
=	0.0155					/	0.12	*	365
=	47.15

Freedom Internet Group's Days Payable for the quarter that ended in Jan. 2023 is calculated as:

	Days Payable (Q: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
=	( (0.014	+	0)	/	1 )	/	0.031	*	365 / 4
=	0.014					/	0.031	*	365 / 4
=	41.21

Freedom Internet Group Days Payable Related Terms

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Freedom Internet Group (Freedom Internet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » Days Payable

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group (Freedom Internet Group) Headlines

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