Tinkerine Studios (TSXV:TTD.H) Days Payable: 907.70 (As of Sep. 2023)


What is Tinkerine Studios Days Payable?

Tinkerine Studios TSXV:TTD.H Days Payable is 907.70 as of Sep. 2023.

Tinkerine Studios's average Accounts Payable for the three months ended in Sep. 2023 was C$0.19 Mil. Tinkerine Studios's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.02 Mil. Hence, Tinkerine Studios's Days Payable for the three months ended in Sep. 2023 was 907.70.

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

TSXV:TTD.H's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.82
* Ranked among companies with meaningful Days Payable only.

Tinkerine Studios's Days Payable declined from Sep. 2022 (1,107.44) to Sep. 2023 (907.70). It may suggest that Tinkerine Studios accelerated paying its suppliers.

Tinkerine Studios Days Payable Historical Data

* Premium members only.

The historical data trend for Tinkerine Studios'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.

Tinkerine Studios Days Payable Chart

Tinkerine Studios Annual Data
Trend Oct13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.91 106.66 305.36 448.85 969.08

Tinkerine Studios 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 1,107.44 696.45 921.27 1,272.13 907.70

TSXV:TTD.H vs ITOX, DPSM: Days Payable Comparison

For the Computer Hardware subindustry, Tinkerine Studios'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.

Tinkerine Studios Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Tinkerine Studios's Days Payable distribution charts can be found below:

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


Tinkerine Studios 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.

Tinkerine Studios'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
=( (0.278 + 0.253) / 2 ) / 0.1*365
=0.2655 / 0.1*365
=969.08

Tinkerine Studios'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
=( (0.202 + 0.176) / 2 ) / 0.019*365 / 4
=0.189 / 0.019*365 / 4
=907.70

* 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 907.70 mean?
Tinkerine Studios (TSXV:TTD.H) has a Days Payable of 907.70 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 Tinkerine Studios and its competitors.
Is Tinkerine Studios' Days Payable too high?
Tinkerine Studios' current Days Payable is 907.70. The Hardware industry median Days Payable is 69.82. Tinkerine Studios' value of 907.70 is 1200.1% above this industry median.
How does Tinkerine Studios' Days Payable compare to ITOX and DPSM?
Tinkerine Studios' Days Payable of 907.70 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.82. Tinkerine Studios' value of 907.70 is 1200.1% 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 69.82, 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. Tinkerine Studios's current Days Payable of 907.70 is 1200.1% 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 Tinkerine Studios and its competitors. For the Hardware industry, the median Days Payable is 69.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tinkerine Studios's current Days Payable is 907.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tinkerine Studios stock overvalued right now?
Tinkerine Studios (TSXV:TTD.H) has a current Days Payable of 907.70. The current Days Payable is 907.70 and 1200.1% above the Hardware industry median of 69.82. 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 Tinkerine Studios (TSXV:TTD.H), the current Days Payable is 907.70 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.

Tinkerine Studios Business Description

Address 8275 92nd Street, Unit 213A, Delta, BC, CAN, V4G 0A4
Tinkerine Studios Ltd is engaged in designing, manufacturing, and distributing 3D printers, software, and related online educational content. Some of its products include DittoPro 3D Printer, Premium PLA Filament, Tinkerine Suite, and 3D Printing Accessories. Its geographical segments are Canada and the United States.