VETIF (VIP Entertainment Technologies) Days Payable : 20,440.00 (As of Dec. 2023)

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What is VIP Entertainment Technologies Days Payable?

VIP Entertainment Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $0.45 Mil. VIP Entertainment Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Hence, VIP Entertainment Technologies's Days Payable for the three months ended in Dec. 2023 was 20,440.00.

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

VETIF' s Days Payable Range Over the Past 10 Years
Min: 3560.25 Med: 3560.25 Max: 19544.09
Current: 19544.09

During the past 5 years, VIP Entertainment Technologies's highest Days Payable was 19544.09. The lowest was 3560.25. And the median was 3560.25.

VETIF's Days Payable is not ranked
in the Travel & Leisure industry.
Industry Median: 57.965 vs VETIF: 19544.09

VIP Entertainment Technologies's Days Payable increased from Sep. 2022 (622.46) to Dec. 2023 (20,440.00). It may suggest that VIP Entertainment Technologies delayed paying its suppliers.

VIP Entertainment Technologies Days Payable Historical Data

The historical data trend for VIP Entertainment Technologies'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.

VIP Entertainment Technologies Days Payable Chart

VIP Entertainment Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Days Payable

3,523.04

VIP Entertainment Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															622.46	4,357.19	9,604.06	19,915.31	20,440.00

Competitive Comparison of VIP Entertainment Technologies's Days Payable

For the Gambling subindustry, VIP Entertainment Technologies'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.

VIP Entertainment Technologies's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, VIP Entertainment Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where VIP Entertainment Technologies's Days Payable falls into.

VIP Entertainment Technologies 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.

VIP Entertainment Technologies'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: Mar. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0.444)	/	1 )	/	0.046	*	365
=	0.444					/	0.046	*	365
=	3,523.04

VIP Entertainment Technologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.452	+	0.444)	/	2 )	/	0.002	*	365 / 4
=	0.448					/	0.002	*	365 / 4
=	20,440.00

VIP Entertainment Technologies Days Payable Related Terms

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VIP Entertainment Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (OTCPK:VETIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VIP:Canada

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.vipentertaingroup.com

VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.