FRTU (Fortun Holdings) Days Payable: 0.00 (As of Sep. 2017)


What is Fortun Holdings Days Payable?

Fortun Holdings FRTU +47.06% Days Payable is 0.00 as of Sep. 2017.

Fortun Holdings's average Accounts Payable for the three months ended in Sep. 2017 was $0.04 Mil. Fortun Holdings's Cost of Goods Sold for the three months ended in Sep. 2017 was $0.00 Mil.

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

FRTU's Days Payable is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 80.855
* Ranked among companies with meaningful Days Payable only.

Fortun Holdings's Days Payable stayed the same from Sep. 2016 (0.00) to Sep. 2017 (0.00). stayed the same

Fortun Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Fortun Holdings'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.

Fortun Holdings Days Payable Chart

Fortun Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
0.00 0.00 0.00 0.00 0.00

Fortun Holdings Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.00 0.00 0.00 0.00 0.00

FRTU vs WSCC, HKEB, UMAX: Days Payable Comparison

For the Beverages - Wineries & Distilleries subindustry, Fortun Holdings'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.

Fortun Holdings Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortun Holdings's Days Payable distribution charts can be found below:

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


Fortun Holdings 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.

Fortun Holdings's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (0 + 0) / 1 ) / 0*365
=0 / 0*365
=N/A

Fortun Holdings's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable (Q: Sep. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2017 ) + Accounts Payable (Q: Sep. 2017 )) / count ) / Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=( (0 + 0.042) / 1 ) / 0*365 / 4
=0.042 / 0*365 / 4
=N/A

* 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 0.00 mean?
Fortun Holdings (FRTU) has a Days Payable of 0.00 as of Sep. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Fortun Holdings and its competitors.
Is Fortun Holdings' Days Payable too high?
Fortun Holdings' current Days Payable is 0.00.
How does Fortun Holdings' Days Payable compare to WSCC and HKEB?
Fortun Holdings' Days Payable of 0.00 can be compared against companies in the Beverages - Alcoholic industry. The industry median Days Payable is 80.86. 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 80.86, based on 202 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. 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 Fortun Holdings and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 80.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortun Holdings's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortun Holdings stock overvalued right now?
Fortun Holdings (FRTU) has a current Days Payable of 0.00. The current Days Payable is 0.00. 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 Fortun Holdings (FRTU), the current Days Payable is 0.00 as of Sep. 2017. 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.

Fortun Holdings Business Description

Address 1394 Coral Way, Miami, FL, USA, 33145
Fortun Holdings Corp, formerly Luminar Media Group Inc through its FortunCo subsidiary, is a pioneering fintech company specializing in financial solutions and is dedicated to serving underserved communities, particularly Latino and minority-owned enterprises. Fortun leverages cutting-edge data analytics, proprietary processes, and digital technology to provide fast, efficient, and tailored financial services. Committed to transparency and responsibility, Fortun ensures that underserved customers and businesses have access to the capital and liquidity needed to thrive in today's market.