BEACN Wizardry & Magic (TSXV:BECN) Days Payable : 36.15 (As of Mar. 2024)

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What is BEACN Wizardry & Magic Days Payable?

BEACN Wizardry & Magic's average Accounts Payable for the three months ended in Mar. 2024 was C$0.24 Mil. BEACN Wizardry & Magic's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.60 Mil. Hence, BEACN Wizardry & Magic's Days Payable for the three months ended in Mar. 2024 was 36.15.

The historical rank and industry rank for BEACN Wizardry & Magic's Days Payable or its related term are showing as below:

TSXV:BECN' s Days Payable Range Over the Past 10 Years
Min: 37.19 Med: 51.2 Max: 59.29
Current: 37.19

During the past 4 years, BEACN Wizardry & Magic's highest Days Payable was 59.29. The lowest was 37.19. And the median was 51.20.

TSXV:BECN's Days Payable is ranked worse than
80.42% of 2416 companies
in the Hardware industry
Industry Median: 68.85 vs TSXV:BECN: 37.19

BEACN Wizardry & Magic's Days Payable declined from Mar. 2023 (72.56) to Mar. 2024 (36.15). It may suggest that BEACN Wizardry & Magic accelerated paying its suppliers.

BEACN Wizardry & Magic Days Payable Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Days Payable Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

43.11

59.29

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									72.56	56.47	37.71	31.92	36.15

Competitive Comparison of BEACN Wizardry & Magic's Days Payable

For the Consumer Electronics subindustry, BEACN Wizardry & Magic'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.

BEACN Wizardry & Magic's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BEACN Wizardry & Magic's Days Payable distribution charts can be found below:

* The bar in red indicates where BEACN Wizardry & Magic's Days Payable falls into.

BEACN Wizardry & Magic 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.

BEACN Wizardry & Magic'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
=	( (0.365	+	0.237)	/	2 )	/	1.853	*	365
=	0.301					/	1.853	*	365
=	59.29

BEACN Wizardry & Magic's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.237	+	0.236)	/	2 )	/	0.597	*	365 / 4
=	0.2365					/	0.597	*	365 / 4
=	36.15

BEACN Wizardry & Magic Days Payable Related Terms

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BEACN Wizardry & Magic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1075 Pendergast Street, Suite 204, Victoria, BC, CAN, V8V 0A1

Website

https://www.ir.beacn.com

BEACN Wizardry & Magic Inc develops audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and Beacn Mix Create. The group has two reportable geographic segments, namely North America and Other.

Executives

Craig David Fraser	Director, Senior Officer
Kevin Neal Alexander	Director
Athlone Ltd	10% Security Holder
Daniel Edward Davies	Director, Senior Officer
Mark Thomas Brown	Director