NMGX (Nano Magic) Days Payable : 94.58 (As of Sep. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Nano Magic Days Payable?

Nano Magic's average Accounts Payable for the three months ended in Sep. 2024 was $0.64 Mil. Nano Magic's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.62 Mil. Hence, Nano Magic's Days Payable for the three months ended in Sep. 2024 was 94.58.

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

NMGX' s Days Payable Range Over the Past 10 Years
Min: 68.92 Med: 88.68 Max: 170.32
Current: 92.34

During the past 13 years, Nano Magic's highest Days Payable was 170.32. The lowest was 68.92. And the median was 88.68.

NMGX's Days Payable is ranked better than
72.96% of 1509 companies
in the Chemicals industry
Industry Median: 58.22 vs NMGX: 92.34

Nano Magic's Days Payable declined from Sep. 2023 (113.43) to Sep. 2024 (94.58). It may suggest that Nano Magic accelerated paying its suppliers.

Nano Magic Days Payable Historical Data

The historical data trend for Nano Magic'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.

* Premium members only.

Nano Magic Days Payable Chart

Nano Magic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

170.32

120.47

97.69

68.92

102.34

Nano Magic Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															113.43	85.43	102.41	81.82	94.58

Competitive Comparison of Nano Magic's Days Payable

For the Specialty Chemicals subindustry, Nano Magic'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.

Nano Magic's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nano Magic's Days Payable distribution charts can be found below:

* The bar in red indicates where Nano Magic's Days Payable falls into.

Save Embed

;

Save Embed

;

Nano Magic 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.

Nano Magic'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
=	( (0.763	+	0.593)	/	2 )	/	2.418	*	365
=	0.678					/	2.418	*	365
=	102.34

Nano Magic's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.635	+	0.642)	/	2 )	/	0.616	*	365 / 4
=	0.6385					/	0.616	*	365 / 4
=	94.58

Nano Magic Days Payable Related Terms

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

Nano Magic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nano Magic Inc (OTCPK:NMGX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31601 Research Park Drive, Madison Heights, MI, USA, 48071

Website

https://www.nanomagic.com

Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces. The Majority of revenue is from the united states.

Executives

Scott E. Rickert	director, 10 percent owner, officer: CEO, President & Chairman	431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Jeanne M Rickert	director, officer: Chief Legal Officer	431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Ronald J Berman	director	701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131
Raymond William Gunn	director	56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316
David M Sherbin	director	4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323
Miles Geoffrey Gatland	director	1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382
Lara O'connor Hodgson	director	8 HABERSHAM PARK, ATLANTA GA 30305
Magic Growth 2 Llc	10 percent owner	31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Magic Growth Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Tom J. Berman	director, officer: President	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
John Todd Lunsford	director	4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324
Leandro Vera	officer: CFO	11271 N ROCKING R RD., HAYDEN ID 83835
Jacqueline M Soptick	officer: Chief Accounting Officer	3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732
Pen Comeback 2, Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Pen Comeback, Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302