TIOG (Tingo Group) Days Payable: 41.93 (As of Sep. 2023)

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TIOG Tingo Group Inc TIOG
16 GF Score
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What is Tingo Group Days Payable?

Tingo Group TIOG -99.50% 16 Days Payable is 41.93 as of Sep. 2023. GuruFocus rates TIOG with a GF Score™ of 16/100.

Tingo Group's average Accounts Payable for the three months ended in Sep. 2023 was $206 Mil. Tingo Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $448 Mil. Hence, Tingo Group's Days Payable for the three months ended in Sep. 2023 was 41.93.

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

TIOG's Days Payable is not ranked *
in the Software industry.
Industry Median: 52.79
* Ranked among companies with meaningful Days Payable only.

Tingo Group's Days Payable declined from Sep. 2022 (72.84) to Sep. 2023 (41.93). It may suggest that Tingo Group accelerated paying its suppliers.

Tingo Group Days Payable Historical Data

* Premium members only.

The historical data trend for Tingo Group'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.

Tingo Group Days Payable Chart

Tingo Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.30 660.54 248.47 59.92 57.30

Tingo Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.84 17.06 21.16 25.57 41.93

TIOG vs AMJT, TRAK, PSQH: Days Payable Comparison

For the Software - Application subindustry, Tingo Group'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.

Tingo Group Days Payable vs Software Industry

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

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


TIOG
16GF Score
Tingo Group Inc TIOG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tingo Group 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.

Tingo Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (14.416 + 11.092) / 2 ) / 81.243*365
=12.754 / 81.243*365
=57.30

Tingo Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (149.483 + 262.53) / 2 ) / 448.336*365 / 4
=206.0065 / 448.336*365 / 4
=41.93

* 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 41.93 mean?
Tingo Group (TIOG) has a Days Payable of 41.93 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tingo Group and its competitors.
Is Tingo Group's Days Payable too high?
Tingo Group's current Days Payable is 41.93. The Software industry median Days Payable is 52.79. Tingo Group's value of 41.93 is 20.6% below this industry median. Overall, Tingo Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Tingo Group's Days Payable compare to AMJT and TRAK?
Tingo Group's Days Payable of 41.93 can be compared against companies in the Software industry. The industry median Days Payable is 52.79. Tingo Group's value of 41.93 is 20.6% below 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 52.79, based on 2,605 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. Tingo Group's current Days Payable of 41.93 is 20.6% below 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 Tingo Group and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tingo Group's current Days Payable is 41.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingo Group stock overvalued right now?
Tingo Group (TIOG) has a current Days Payable of 41.93. The current Days Payable is 41.93 and 20.6% below the Software industry median of 52.79. Tingo Group's overall GF Score™ is 16/100. 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 Tingo Group (TIOG), the current Days Payable is 41.93 as of Sep. 2023. 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.

Tingo Group Business Description

Address 28 West Grand Avenue, Suite 3, Montvale, NJ, USA, 07645
Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.
16GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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