Eqonex (STU:616A) Days Payable : 49.92 (As of Mar. 2022)

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What is Eqonex Days Payable?

Eqonex's average Accounts Payable for the six months ended in Mar. 2022 was €4.13 Mil. Eqonex's Cost of Goods Sold for the six months ended in Mar. 2022 was €15.08 Mil. Hence, Eqonex's Days Payable for the six months ended in Mar. 2022 was 49.92.

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

STU:616A's Days Payable is not ranked ^*
in the Capital Markets industry.
Industry Median: 108.5
* Ranked among companies with meaningful Days Payable only.

Eqonex's Days Payable declined from Mar. 2021 (77.77) to Mar. 2022 (49.92). It may suggest that Eqonex accelerated paying its suppliers.

Eqonex Days Payable Historical Data

The historical data trend for Eqonex'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.

Eqonex Days Payable Chart

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Days Payable

44.45

61.18

48.44

30.65

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Days Payable	Get a 7-Day Free Trial			80.32	55.11	77.77	49.11	49.92

Competitive Comparison of Eqonex's Days Payable

For the Capital Markets subindustry, Eqonex'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.

Eqonex's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Eqonex's Days Payable distribution charts can be found below:

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

Eqonex 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.

Eqonex's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (2.906	+	2.509)	/	2 )	/	32.244	*	365
=	2.7075					/	32.244	*	365
=	30.65

Eqonex's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (5.741	+	2.509)	/	2 )	/	15.08	*	365 / 2
=	4.125					/	15.08	*	365 / 2
=	49.92

Eqonex Days Payable Related Terms

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Eqonex (STU:616A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (STU:616A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.

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