NXTP (NextPlay Technologies) Days Payable: 1,843.78 (As of Nov. 2022)

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NXTP NextPlay Technologies Inc NXTP
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What is NextPlay Technologies Days Payable?

NextPlay Technologies NXTP 14 Days Payable is 1,843.78 as of Nov. 2022. GuruFocus rates NXTP with a GF Score™ of 14/100.

NextPlay Technologies's average Accounts Payable for the three months ended in Nov. 2022 was $9.03 Mil. NextPlay Technologies's Cost of Goods Sold for the three months ended in Nov. 2022 was $0.45 Mil. Hence, NextPlay Technologies's Days Payable for the three months ended in Nov. 2022 was 1,843.78.

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

NXTP's Days Payable is not ranked *
in the Software industry.
Industry Median: 51.56
* Ranked among companies with meaningful Days Payable only.

NextPlay Technologies's Days Payable increased from Nov. 2021 (0.00) to Nov. 2022 (1,843.78). It may suggest that NextPlay Technologies delayed paying its suppliers.


NextPlay Technologies Days Payable Historical Data

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The historical data trend for NextPlay Technologies'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.

NextPlay Technologies Days Payable Chart

NextPlay Technologies Annual Data
Trend Feb21 Feb22
Days Payable
0.00 695.38

NextPlay Technologies Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22
Days Payable Get a 7-Day Free Trial 0.00 382.58 6,881.40 1,232.60 1,843.78

NXTP vs TAOP, CETX, IPSI: Days Payable Comparison

For the Software - Infrastructure subindustry, NextPlay Technologies'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.


NextPlay Technologies Days Payable vs Software Industry

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

* The bar in red indicates where NextPlay Technologies's Days Payable falls into.


NXTP
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NextPlay Technologies Inc NXTP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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NextPlay Technologies 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.

NextPlay Technologies's Days Payable for the fiscal year that ended in Feb. 2022 is calculated as

Days Payable (A: Feb. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2021 ) + Accounts Payable (A: Feb. 2022 )) / count ) / Cost of Goods Sold (A: Feb. 2022 )*Days in Period
=( (0.344 + 8.595) / 2 ) / 2.346*365
=4.4695 / 2.346*365
=695.38

NextPlay Technologies's Days Payable for the quarter that ended in Nov. 2022 is calculated as:

Days Payable (Q: Nov. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2022 ) + Accounts Payable (Q: Nov. 2022 )) / count ) / Cost of Goods Sold (Q: Nov. 2022 )*Days in Period
=( (8.324 + 9.74) / 2 ) / 0.447*365 / 4
=9.032 / 0.447*365 / 4
=1,843.78

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 1,843.78 mean?
NextPlay Technologies (NXTP) has a Days Payable of 1,843.78 as of Nov. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on NextPlay Technologies and its competitors.
Is NextPlay Technologies' Days Payable too high?
NextPlay Technologies' current Days Payable is 1,843.78. The Software industry median Days Payable is 51.56. NextPlay Technologies' value of 1,843.78 is 3476% above this industry median. Overall, NextPlay Technologies has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does NextPlay Technologies' Days Payable compare to TAOP and CETX?
NextPlay Technologies' Days Payable of 1,843.78 can be compared against companies in the Software industry. The industry median Days Payable is 51.56. NextPlay Technologies' value of 1,843.78 is 3476% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 51.56, based on 2,599 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NextPlay Technologies's current Days Payable of 1,843.78 is 3476% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on NextPlay Technologies and its competitors. For the Software industry, the median Days Payable is 51.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextPlay Technologies's current Days Payable is 1,843.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextPlay Technologies stock overvalued right now?
NextPlay Technologies (NXTP) has a current Days Payable of 1,843.78. The current Days Payable is 1,843.78 and 3476% above the Software industry median of 51.56. NextPlay Technologies' overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For NextPlay Technologies (NXTP), the current Days Payable is 1,843.78 as of Nov. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NextPlay Technologies Business Description

Address 1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323
NextPlay Technologies Inc is building a technology solutions company, offering games, in-game advertising, digital asset products and services, connected TV and travel booking services to consumers and corporations within a growing digital ecosystem. Its engaging products and services utilize advertising technology, Artificial Intelligence, and financial technology (FinTech) solutions to leverage the strengths and channels of its existing and acquired technologies. NextPlay is organized into 3 divisions NextMedia, its Interactive Digital Media Division (the Media Division); NextFinTech, its Finance and Technology (FinTech) Division; and NextTrip, its Travel Division.
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