Pax Global Technology (Pax Global Technology) Days Payable : 103.03 (As of Dec. 2023)

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What is Pax Global Technology Days Payable?

Pax Global Technology's average Accounts Payable for the six months ended in Dec. 2023 was $124.2 Mil. Pax Global Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was $219.9 Mil. Hence, Pax Global Technology's Days Payable for the six months ended in Dec. 2023 was 103.03.

The historical rank and industry rank for Pax Global Technology's Days Payable or its related term are showing as below:

PXGYF' s Days Payable Range Over the Past 10 Years
Min: 105.17 Med: 133.72 Max: 157.52
Current: 119.27

During the past 13 years, Pax Global Technology's highest Days Payable was 157.52. The lowest was 105.17. And the median was 133.72.

PXGYF's Days Payable is ranked better than
69.81% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs PXGYF: 119.27

Pax Global Technology's Days Payable declined from Dec. 2022 (146.73) to Dec. 2023 (103.03). It may suggest that Pax Global Technology accelerated paying its suppliers.

Pax Global Technology Days Payable Historical Data

The historical data trend for Pax Global Technology'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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Pax Global Technology Days Payable Chart

Pax Global Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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157.38

151.17

127.34

129.13

127.39

Pax Global Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															108.57	131.02	146.73	126.25	103.03

Competitive Comparison of Pax Global Technology's Days Payable

For the Business Equipment & Supplies subindustry, Pax Global Technology'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.

Pax Global Technology's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pax Global Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Pax Global Technology's Days Payable falls into.

Pax Global Technology 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.

Pax Global Technology'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
=	( (218.297	+	113.783)	/	2 )	/	475.725	*	365
=	166.04					/	475.725	*	365
=	127.39

Pax Global Technology's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (134.558	+	113.783)	/	2 )	/	219.938	*	365 / 2
=	124.1705					/	219.938	*	365 / 2
=	103.03

Pax Global Technology Days Payable Related Terms

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Pax Global Technology (Pax Global Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (OTCPK:PXGYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00327:Hong Kong P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe through or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

Pax Global Technology (Pax Global Technology) Headlines

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