XSHLF (XS Financial) Days Payable : 53.63 (As of Mar. 2024)

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What is XS Financial Days Payable?

XS Financial's average Accounts Payable for the three months ended in Mar. 2024 was $0.67 Mil. XS Financial's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.14 Mil. Hence, XS Financial's Days Payable for the three months ended in Mar. 2024 was 53.63.

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

XSHLF's Days Payable is not ranked ^*
in the Credit Services industry.
Industry Median: 36.73
* Ranked among companies with meaningful Days Payable only.

XS Financial's Days Payable declined from Mar. 2023 (139.53) to Mar. 2024 (53.63). It may suggest that XS Financial accelerated paying its suppliers.

XS Financial Days Payable Historical Data

The historical data trend for XS Financial'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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XS Financial Days Payable Chart

XS Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Days Payable

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785.00

405.00

232.31

104.70

XS Financial 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															139.53	70.51	114.96	26.95	53.63

Competitive Comparison of XS Financial's Days Payable

For the Credit Services subindustry, XS Financial'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.

XS Financial's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, XS Financial's Days Payable distribution charts can be found below:

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

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XS Financial 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.

XS Financial'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
=	( (2.454	+	0.691)	/	2 )	/	5.482	*	365
=	1.5725					/	5.482	*	365
=	104.70

XS Financial'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
=	( (0.691	+	0.649)	/	2 )	/	1.14	*	365 / 4
=	0.67					/	1.14	*	365 / 4
=	53.63

XS Financial Days Payable Related Terms

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XS Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XS Financial Inc (OTCPK:XSHLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1901 Avenue of the Stars, Suite 120, Los Angeles, CA, USA, 90067

Website

https://www.xsfinancial.com

XS Financial Inc specializes in providing equipment leasing solutions in the United States to owners/operators of cannabis and hemp companies, including cultivators, oil processors, manufacturers, and testing laboratories, among others. In addition, the company provides a full range of consulting services including equipment selection and procurement, through its network of preferred vendor partnerships with original equipment manufacturers and equipment distributors.