MFH (Mercurity Fintech Holding) Days Payable : 7.59 (As of Jun. 2024)

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What is Mercurity Fintech Holding Days Payable?

Mercurity Fintech Holding's average Accounts Payable for the six months ended in Jun. 2024 was $0.03 Mil. Mercurity Fintech Holding's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.79 Mil. Hence, Mercurity Fintech Holding's Days Payable for the six months ended in Jun. 2024 was 7.59.

The historical rank and industry rank for Mercurity Fintech Holding's Days Payable or its related term are showing as below:

MFH' s Days Payable Range Over the Past 10 Years
Min: 6.41 Med: 15.11 Max: 105.76
Current: 7.9

During the past 12 years, Mercurity Fintech Holding's highest Days Payable was 105.76. The lowest was 6.41. And the median was 15.11.

MFH's Days Payable is ranked worse than
87.16% of 522 companies
in the Capital Markets industry
Industry Median: 109.05 vs MFH: 7.90

Mercurity Fintech Holding's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (7.59). It may suggest that Mercurity Fintech Holding delayed paying its suppliers.

Mercurity Fintech Holding Days Payable Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding Days Payable Chart

Mercurity Fintech Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.92

8.31

6.41

Mercurity Fintech Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															-	-	-	6.24	7.59

Competitive Comparison of Mercurity Fintech Holding's Days Payable

For the Capital Markets subindustry, Mercurity Fintech Holding'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.

Mercurity Fintech Holding's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mercurity Fintech Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Mercurity Fintech Holding's Days Payable falls into.

Mercurity Fintech Holding 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.

Mercurity Fintech Holding'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
=	( (0	+	0.025)	/	1 )	/	1.424	*	365
=	0.025					/	1.424	*	365
=	6.41

Mercurity Fintech Holding's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.025	+	0.041)	/	2 )	/	0.793	*	365 / 2
=	0.033					/	0.793	*	365 / 2
=	7.59

Mercurity Fintech Holding Days Payable Related Terms

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Mercurity Fintech Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.