LZG International (LZG International) Days Payable : 124.83 (As of Feb. 2023)

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What is LZG International Days Payable?

LZG International's average Accounts Payable for the three months ended in Feb. 2023 was $2.47 Mil. LZG International's Cost of Goods Sold for the three months ended in Feb. 2023 was $1.80 Mil. Hence, LZG International's Days Payable for the three months ended in Feb. 2023 was 124.83.

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

LZGI's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.275
* Ranked among companies with meaningful Days Payable only.

LZG International's Days Payable declined from Feb. 2022 (153.98) to Feb. 2023 (124.83). It may suggest that LZG International accelerated paying its suppliers.

LZG International Days Payable Historical Data

The historical data trend for LZG International'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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LZG International Days Payable Chart

LZG International Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Days Payable

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34.76

LZG International Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Days Payable	Get a 7-Day Free Trial															153.98	33.34	170.77	127.63	124.83

Competitive Comparison of LZG International's Days Payable

For the Software - Application subindustry, LZG International'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.

LZG International's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, LZG International's Days Payable distribution charts can be found below:

* The bar in red indicates where LZG International's Days Payable falls into.

LZG International 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.

LZG International's Days Payable for the fiscal year that ended in May. 2022 is calculated as

	Days Payable (A: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2021 )	+	Accounts Payable (A: May. 2022 ))	/	count )	/	Cost of Goods Sold (A: May. 2022 )	*	Days in Period
=	( (0.006	+	0.002)	/	2 )	/	0.042	*	365
=	0.004					/	0.042	*	365
=	34.76

LZG International's Days Payable for the quarter that ended in Feb. 2023 is calculated as:

	Days Payable (Q: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2022 )	+	Accounts Payable (Q: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2023 )	*	Days in Period
=	( (2.84	+	2.093)	/	2 )	/	1.803	*	365 / 4
=	2.4665					/	1.803	*	365 / 4
=	124.83

LZG International Days Payable Related Terms

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LZG International (LZG International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » LZG International Inc (OTCPK:LZGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 West 41st Street, Suite 5-104, New York, NY, USA, 10036

Website

https://www.fatbrain.ai

LZG International Inc is a AI Solutions company empowering 500M-strong star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy.

Executives

Michael T. Moe	director	C/O NEXT INNOVATION CORP., 2965 WOODSIDE ROAD, WOODSIDE CA 94062
Peter Benjamin Ritz	director, 10 percent owner, officer: Chief Executive Officer	2157 SOUTH LINCOLN STREET, SALT LAKE CITY UT 84106
Rajarshi Das	10 percent owner, other: CDS & MD of Al App	7 WAMPUS AVENUE, ARMONK NY 10504
Shawn R. Carey	officer: Chief Operating Officer	1156 N NEW STREET, WEST CHESTER PA 19382
First Equity Holdings Corp	10 percent owner	2157 S LINCOLN ST, SALT LAKE CITY UT 84106
Greg L Popp	director, officer: President	455 EAST 400 SOUTH, SUITE #5, SALT LAKE CITY UT 84111