IGOT (Fomo Worldwide) Days Payable: 1,542.56 (As of Mar. 2024)


What is Fomo Worldwide Days Payable?

Fomo Worldwide IGOT Days Payable is 1,542.56 as of Mar. 2024.

Fomo Worldwide's average Accounts Payable for the three months ended in Mar. 2024 was $1.42 Mil. Fomo Worldwide's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.08 Mil. Hence, Fomo Worldwide's Days Payable for the three months ended in Mar. 2024 was 1,542.56.

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

IGOT's Days Payable is not ranked *
in the Asset Management industry.
Industry Median: 70.635
* Ranked among companies with meaningful Days Payable only.

Fomo Worldwide's Days Payable increased from Mar. 2023 (335.69) to Mar. 2024 (1,542.56). It may suggest that Fomo Worldwide delayed paying its suppliers.

Fomo Worldwide Days Payable Historical Data

* Premium members only.

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Days Payable Chart

Fomo Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 143.10 34.87 47.88 294.41

Fomo Worldwide 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 335.69 177.48 269.38 370.72 1,542.56

IGOT vs TNRG, BLK, BX: Days Payable Comparison

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide Days Payable vs Asset Management Industry

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

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


Fomo Worldwide 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.

Fomo Worldwide's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (1.657 + 1.442) / 2 ) / 1.921*365
=1.5495 / 1.921*365
=294.41

Fomo Worldwide'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
=( (1.442 + 1.398) / 2 ) / 0.084*365 / 4
=1.42 / 0.084*365 / 4
=1,542.56

* 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 1,542.56 mean?
Fomo Worldwide (IGOT) has a Days Payable of 1,542.56 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 Fomo Worldwide and its competitors.
Is Fomo Worldwide's Days Payable too high?
Fomo Worldwide's current Days Payable is 1,542.56. The Asset Management industry median Days Payable is 70.64. Fomo Worldwide's value of 1,542.56 is 2083.8% above this industry median.
How does Fomo Worldwide's Days Payable compare to TNRG and BLK?
Fomo Worldwide's Days Payable of 1,542.56 can be compared against companies in the Asset Management industry. The industry median Days Payable is 70.64. Fomo Worldwide's value of 1,542.56 is 2083.8% above 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.64, based on 480 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. Fomo Worldwide's current Days Payable of 1,542.56 is 2083.8% above 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 Fomo Worldwide and its competitors. For the Asset Management industry, the median Days Payable is 70.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomo Worldwide's current Days Payable is 1,542.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Days Payable of 1,542.56. The current Days Payable is 1,542.56 and 2083.8% above the Asset Management industry median of 70.64. 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 Fomo Worldwide (IGOT), the current Days Payable is 1,542.56 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.

Fomo Worldwide Business Description

Address 625 Stanwix Street, Suite 2504, Pittsburgh, PA, USA, 15222
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.