P2Earn (XCNQ:PXE) Days Payable : 2,726.55 (As of Sep. 2023)

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What is P2Earn Days Payable?

P2Earn's average Accounts Payable for the three months ended in Sep. 2023 was C$0.75 Mil. P2Earn's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.03 Mil. Hence, P2Earn's Days Payable for the three months ended in Sep. 2023 was 2,726.55.

The historical rank and industry rank for P2Earn's Days Payable or its related term are showing as below:

XCNQ:PXE' s Days Payable Range Over the Past 10 Years
Min: 199.87 Med: 388.44 Max: 3546.58
Current: 1339.47

During the past 11 years, P2Earn's highest Days Payable was 3546.58. The lowest was 199.87. And the median was 388.44.

XCNQ:PXE's Days Payable is ranked better than
95.79% of 926 companies
in the Media - Diversified industry
Industry Median: 79.395 vs XCNQ:PXE: 1339.47

P2Earn's Days Payable declined from Sep. 2022 (4,755.86) to Sep. 2023 (2,726.55). It may suggest that P2Earn accelerated paying its suppliers.

P2Earn Days Payable Historical Data

The historical data trend for P2Earn'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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P2Earn Days Payable Chart

P2Earn Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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224.00

199.87

3,546.58

1,921.91

P2Earn 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															4,755.86	1,373.14	655.41	882.67	2,726.55

Competitive Comparison of P2Earn's Days Payable

For the Advertising Agencies subindustry, P2Earn'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.

P2Earn's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, P2Earn's Days Payable distribution charts can be found below:

* The bar in red indicates where P2Earn's Days Payable falls into.

P2Earn 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.

P2Earn'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
=	( (1.086	+	0.441)	/	2 )	/	0.145	*	365
=	0.7635					/	0.145	*	365
=	1,921.91

P2Earn'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
=	( (0.542	+	0.952)	/	2 )	/	0.025	*	365 / 4
=	0.747					/	0.025	*	365 / 4
=	2,726.55

P2Earn Days Payable Related Terms

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P2Earn (XCNQ:PXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » P2Earn Inc (XCNQ:PXE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WH4:Germany

Address

1090 Homer Street, Suite 150, Vancouver, BC, CAN, V6B 2W9

Website

https://www.p2earn.io

P2Earn Inc is an industrial-scale technology infrastructure company, serving cryptocurrencies, blockchains, and enterprise level technology projects such as podcast creation and distribution. The company's segment includes Broadcasting services and Bitcoin Mining operation. It generates maximum revenue from the Bitcoin Mining operation segment.