ISPR (Ispire Technology) Days Payable : 229.93 (As of Dec. 2024)

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What is Ispire Technology Days Payable?

Ispire Technology's average Accounts Payable for the three months ended in Dec. 2024 was $85.9 Mil. Ispire Technology's Cost of Goods Sold for the three months ended in Dec. 2024 was $34.1 Mil. Hence, Ispire Technology's Days Payable for the three months ended in Dec. 2024 was 229.93.

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

ISPR' s Days Payable Range Over the Past 10 Years
Min: 183.3 Med: 184.81 Max: 229.88
Current: 227.18

During the past 4 years, Ispire Technology's highest Days Payable was 229.88. The lowest was 183.30. And the median was 184.81.

ISPR's Days Payable is ranked better than
81.25% of 48 companies
in the Tobacco Products industry
Industry Median: 62.825 vs ISPR: 227.18

Ispire Technology's Days Payable increased from Dec. 2023 (136.04) to Dec. 2024 (229.93). It may suggest that Ispire Technology delayed paying its suppliers.

Ispire Technology Days Payable Historical Data

The historical data trend for Ispire Technology'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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Ispire Technology Days Payable Chart

Ispire Technology Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Days Payable

229.88

184.61

183.30

185.00

Ispire Technology Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial								136.04	228.52	230.89	217.82	229.93

Competitive Comparison of Ispire Technology's Days Payable

For the Tobacco subindustry, Ispire Technology'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.

Ispire Technology's Days Payable Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Ispire Technology's Days Payable distribution charts can be found below:

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

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Ispire Technology 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.

Ispire Technology's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (52.973	+	70.826)	/	2 )	/	122.127	*	365
=	61.8995					/	122.127	*	365
=	185.00

Ispire Technology's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (80.343	+	91.532)	/	2 )	/	34.105	*	365 / 4
=	85.9375					/	34.105	*	365 / 4
=	229.93

Ispire Technology Days Payable Related Terms

Thank you for viewing the detailed overview of Ispire Technology's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ispire Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Ispire Technology Inc (NAS:ISPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19700 Magellan Drive, Los Angeles, CA, USA, 90502

Website

https://www.ispiretechnology.com

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company sells its cannabis vaping in the United States, Europe, Canada, and South Africa.

Executives

Daniel J. Machock	officer: Chief Financial Officer	19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron	officer: Chief Revenue Officer	3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz	director	204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower	officer: Chief Impact Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani	officer: Chief Operating Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang	officer: CHIEF FINANCIAL OFFICER	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu	director, 10 percent owner, officer: CEO and Chairman	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd	10 percent owner	14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000