MetaWorks Platforms (XCNQ:MWRK) Days Payable : 0.00 (As of Mar. 2024)

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What is MetaWorks Platforms Days Payable?

MetaWorks Platforms's average Accounts Payable for the three months ended in Mar. 2024 was C$1.82 Mil. MetaWorks Platforms's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil.

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

XCNQ:MWRK' s Days Payable Range Over the Past 10 Years
Min: 126.62 Med: 293.29 Max: 6099.92
Current: 6099.92

During the past 13 years, MetaWorks Platforms's highest Days Payable was 6099.92. The lowest was 126.62. And the median was 293.29.

XCNQ:MWRK's Days Payable is ranked better than
98.85% of 2523 companies
in the Software industry
Industry Median: 49.74 vs XCNQ:MWRK: 6099.92

MetaWorks Platforms's Days Payable declined from Mar. 2023 (296.56) to Mar. 2024 (0.00). It may suggest that MetaWorks Platforms accelerated paying its suppliers.

MetaWorks Platforms Days Payable Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Days Payable Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4,966.61

134.81

364.24

1,103.65

MetaWorks Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															296.56	2,755.97	4,501.01	6,129.62	-

Competitive Comparison of MetaWorks Platforms's Days Payable

For the Software - Application subindustry, MetaWorks Platforms'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.

MetaWorks Platforms's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where MetaWorks Platforms's Days Payable falls into.

MetaWorks Platforms 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.

MetaWorks Platforms'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
=	( (1.759	+	1.815)	/	2 )	/	0.591	*	365
=	1.787					/	0.591	*	365
=	1,103.65

MetaWorks Platforms'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
=	( (1.815	+	1.819)	/	2 )	/	0	*	365 / 4
=	1.817					/	0	*	365 / 4
=	N/A

MetaWorks Platforms Days Payable Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.