Karbon-X (Karbon-X) Days Payable : 33.20 (As of Feb. 2024)

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What is Karbon-X Days Payable?

Karbon-X's average Accounts Payable for the three months ended in Feb. 2024 was $0.08 Mil. Karbon-X's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.22 Mil. Hence, Karbon-X's Days Payable for the three months ended in Feb. 2024 was 33.20.

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

KARX' s Days Payable Range Over the Past 10 Years
Min: 93.07 Med: 18432.5 Max: 18432.5
Current: 93.07

During the past 2 years, Karbon-X's highest Days Payable was 18432.50. The lowest was 93.07. And the median was 18432.50.

KARX's Days Payable is ranked better than
54.57% of 920 companies
in the Media - Diversified industry
Industry Median: 81.555 vs KARX: 93.07

Karbon-X's Days Payable declined from Feb. 2023 (5,931.25) to Feb. 2024 (33.20). It may suggest that Karbon-X accelerated paying its suppliers.

Karbon-X Days Payable Historical Data

The historical data trend for Karbon-X'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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Karbon-X Days Payable Chart

Karbon-X Annual Data

Trend

May22

May23

Days Payable

18,432.50

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial				5,931.25	-	4,562.50	103.53	33.20

Competitive Comparison of Karbon-X's Days Payable

For the Advertising Agencies subindustry, Karbon-X'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.

Karbon-X's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Karbon-X's Days Payable distribution charts can be found below:

* The bar in red indicates where Karbon-X's Days Payable falls into.

Karbon-X 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.

Karbon-X's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0.031	+	0.07)	/	2 )	/	0.001	*	365
=	0.0505					/	0.001	*	365
=	18,432.50

Karbon-X's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.029	+	0.134)	/	2 )	/	0.224	*	365 / 4
=	0.0815					/	0.224	*	365 / 4
=	33.20

Karbon-X Days Payable Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.