TPTW (TPT Global Tech) Days Payable: 5,091.43 (As of Sep. 2024)


What is TPT Global Tech Days Payable?

TPT Global Tech TPTW -99.00% Days Payable is 5,091.43 as of Sep. 2024.

TPT Global Tech's average Accounts Payable for the three months ended in Sep. 2024 was $6.31 Mil. TPT Global Tech's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.11 Mil. Hence, TPT Global Tech's Days Payable for the three months ended in Sep. 2024 was 5,091.43.

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

TPTW's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.935
* Ranked among companies with meaningful Days Payable only.

TPT Global Tech's Days Payable increased from Sep. 2023 (642.27) to Sep. 2024 (5,091.43). It may suggest that TPT Global Tech delayed paying its suppliers.

TPT Global Tech Days Payable Historical Data

* Premium members only.

The historical data trend for TPT Global Tech'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.

TPT Global Tech Days Payable Chart

TPT Global Tech Annual Data
Trend Dec05 Dec06 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 196.95 181.16 166.32 274.13 882.81

TPT Global Tech 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 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 642.27 943.58 1,081.94 1,271.07 5,091.43

TPTW vs BDRL, MLRT, ELST: Days Payable Comparison

For the Communication Equipment subindustry, TPT Global Tech'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.

TPT Global Tech Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, TPT Global Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where TPT Global Tech's Days Payable falls into.


TPT Global Tech 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.

TPT Global Tech'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
=( (5.395 + 5.905) / 2 ) / 2.336*365
=5.65 / 2.336*365
=882.81

TPT Global Tech'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
=( (5.961 + 6.649) / 2 ) / 0.113*365 / 4
=6.305 / 0.113*365 / 4
=5,091.43

* 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 5,091.43 mean?
TPT Global Tech (TPTW) has a Days Payable of 5,091.43 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TPT Global Tech and its competitors.
Is TPT Global Tech's Days Payable too high?
TPT Global Tech's current Days Payable is 5,091.43. The Hardware industry median Days Payable is 69.94. TPT Global Tech's value of 5,091.43 is 7180.2% above this industry median.
How does TPT Global Tech's Days Payable compare to BDRL and MLRT?
TPT Global Tech's Days Payable of 5,091.43 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.94. TPT Global Tech's value of 5,091.43 is 7180.2% above 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 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. TPT Global Tech's current Days Payable of 5,091.43 is 7180.2% above 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 TPT Global Tech and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPT Global Tech's current Days Payable is 5,091.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPT Global Tech stock overvalued right now?
TPT Global Tech (TPTW) has a current Days Payable of 5,091.43. The current Days Payable is 5,091.43 and 7180.2% above the Hardware industry median of 69.94. 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 TPT Global Tech (TPTW), the current Days Payable is 5,091.43 as of Sep. 2024. 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.

TPT Global Tech Business Description

Address 501 West Broadway, Suite 800, San Diego, CA, USA, 92101
TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).