RIME (Algorhythm Holdings) Days Payable : 68.71 (As of Sep. 2024)

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What is Algorhythm Holdings Days Payable?

Algorhythm Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $6.21 Mil. Algorhythm Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $8.25 Mil. Hence, Algorhythm Holdings's Days Payable for the three months ended in Sep. 2024 was 68.71.

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

RIME' s Days Payable Range Over the Past 10 Years
Min: 9.82 Med: 25.27 Max: 124.99
Current: 124.99

During the past 13 years, Algorhythm Holdings's highest Days Payable was 124.99. The lowest was 9.82. And the median was 25.27.

RIME's Days Payable is ranked better than
79.14% of 2406 companies
in the Hardware industry
Industry Median: 69.04 vs RIME: 124.99

Algorhythm Holdings's Days Payable increased from Sep. 2023 (56.75) to Sep. 2024 (68.71). It may suggest that Algorhythm Holdings delayed paying its suppliers.

Algorhythm Holdings Days Payable Historical Data

The historical data trend for Algorhythm Holdings'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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Algorhythm Holdings Days Payable Chart

Algorhythm Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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12.92

35.42

40.87

38.74

43.04

Algorhythm Holdings 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															56.75	101.71	274.20	164.37	68.71

Competitive Comparison of Algorhythm Holdings's Days Payable

For the Consumer Electronics subindustry, Algorhythm Holdings'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.

Algorhythm Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Algorhythm Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Algorhythm Holdings's Days Payable falls into.

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Algorhythm Holdings 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.

Algorhythm Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.328	+	1.769)	/	2 )	/	30.09	*	365
=	3.5485					/	30.09	*	365
=	43.04

Algorhythm Holdings'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
=	( (3.676	+	8.743)	/	2 )	/	8.247	*	365 / 4
=	6.2095					/	8.247	*	365 / 4
=	68.71

Algorhythm Holdings Days Payable Related Terms

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Algorhythm Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Algorhythm Holdings Inc (NAS:RIME) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309

Website

https://www.singingmachine.com

Algorhythm Holdings Inc is a holding company with two primary investments. It operates through its subsidiaries, one of which is an emerging leader in the AI-enabled global logistics industry. The other subsidiary is engaged in consumer karaoke products, Which designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products.

Executives

Stingray Group Inc.	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Ault Milton C Iii	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jay B Foreman	director	6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Henry Carl Nisser	director	100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
James Michael Turner	director	1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173
Kenneth S Cragun	director	3775 CHIPPEWA CIRCLE, CORONA CA 92881
Mathieu Peloquin	director	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Eric Boyko	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Bernardo Melo	officer: VP Sales	6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073
Joseph Kling	director	5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496
Lau Sak Hong Aka Philip Lau	director	SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000
Gary Kevin Atkinson	officer: Secretary	1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442
Carol Lau	director	THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073
Anton Handal	officer: CEO	425 TYRONE STREET, EL CAJON CA 92020