Singularity Future Technology (Singularity Future Technology) Days Payable : 58.56 (As of Dec. 2023)

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What is Singularity Future Technology Days Payable?

Singularity Future Technology's average Accounts Payable for the three months ended in Dec. 2023 was $0.63 Mil. Singularity Future Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.98 Mil. Hence, Singularity Future Technology's Days Payable for the three months ended in Dec. 2023 was 58.56.

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

SGLY' s Days Payable Range Over the Past 10 Years
Min: 19.23 Med: 43.03 Max: 86.73
Current: 56.66

During the past 13 years, Singularity Future Technology's highest Days Payable was 86.73. The lowest was 19.23. And the median was 43.03.

SGLY's Days Payable is ranked better than
66.74% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs SGLY: 56.66

Singularity Future Technology's Days Payable increased from Dec. 2022 (50.50) to Dec. 2023 (58.56). It may suggest that Singularity Future Technology delayed paying its suppliers.

Singularity Future Technology Days Payable Historical Data

The historical data trend for Singularity Future 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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Singularity Future Technology Days Payable Chart

Singularity Future Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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19.23

52.38

39.00

47.83

45.87

Singularity Future Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															50.50	66.28	41.09	51.27	58.56

Competitive Comparison of Singularity Future Technology's Days Payable

For the Integrated Freight & Logistics subindustry, Singularity Future 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.

Singularity Future Technology's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singularity Future Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Singularity Future Technology's Days Payable falls into.

Singularity Future 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.

Singularity Future Technology's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.509	+	0.494)	/	2 )	/	3.991	*	365
=	0.5015					/	3.991	*	365
=	45.87

Singularity Future 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.633	+	0.621)	/	2 )	/	0.977	*	365 / 4
=	0.627					/	0.977	*	365 / 4
=	58.56

Singularity Future Technology Days Payable Related Terms

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Singularity Future Technology (Singularity Future Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singularity Future Technology Ltd (NAS:SGLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Cutter Mill Road, Suite 311, Great Neck, NY, USA, 11021

Website

https://www.singularity.us

Singularity Future Technology Ltd is an investment holding company. The company's operating segment includes Freight Logistics Services and Sale of Crypto-mining Machines. It generates maximum revenue from the Freight Logistics Services segment. Geographically, it derives a majority of its revenue from China.

Executives

Zhongliang Xie	director	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021
Ying Cao	officer: CFO	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021
Ling Jiang	director	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Haotian Song	director, officer: Voce President	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Dianjiang Wang	officer: CFO	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Ziyuan Liu	director, officer: Chairman of the Board and CEO	SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201
Yang Jie	director, officer: Chief Executive Officer	108 WOOLEYS LN, GREAT NECK NJ 11023
Jing Shan	officer: Chief Operating Officer	9 AVE AT PORT IMPERIAL, UNITE 622, WEST NEW YORK NJ 07093
Shi Qiu	officer: Chief Technology Officer	67B 157 WEST 57 STREET, NEW YORK NY 10019
Heng Wang	director	16-017, 85 BROAD STREET, NEW YORK NY 10004
Lei Nie	officer: Vice President	49 ELMTREE LANE, JERICHO NY 11753
Xiaohuan Huang	director	GRAND TWO 131-03 40TH RD, FLUSHING NY 11354
Junfeng Xu	director	RM802, JUYUANBEILI, DAHONGMEN RD., FENGTAI DIST., BEIJING F4 100076
Jianming Li	director	RM102 NO.77 BAO GANG SI CUN, YOUYI RD, BAOSHAN DISTRICT, SHANGHAI F4 201999
Jing Wang	director	36-09 MAIN STREET, SUITE 9C-2, FLUSHING NY 11354