GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Origin Ltd (NAS:BTOG) » Definitions » Days Payable

Bit Origin (Bit Origin) Days Payable : 31.81 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Bit Origin Days Payable?

Bit Origin's average Accounts Payable for the six months ended in Dec. 2023 was $0.67 Mil. Bit Origin's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.83 Mil. Hence, Bit Origin's Days Payable for the six months ended in Dec. 2023 was 31.81.

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

BTOG' s Days Payable Range Over the Past 10 Years
Min: 11.47   Med: 17.61   Max: 22.52
Current: 13.03

During the past 8 years, Bit Origin's highest Days Payable was 22.52. The lowest was 11.47. And the median was 17.61.

BTOG's Days Payable is ranked worse than
81.68% of 524 companies
in the Capital Markets industry
Industry Median: 98.105 vs BTOG: 13.03

Bit Origin's Days Payable increased from Dec. 2022 (3.27) to Dec. 2023 (31.81). It may suggest that Bit Origin delayed paying its suppliers.


Bit Origin Days Payable Historical Data

The historical data trend for Bit Origin'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.

Bit Origin Days Payable Chart

Bit Origin Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial - - - - 22.52

Bit Origin Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 4,794.81 3.27 10.30 31.81

Competitive Comparison of Bit Origin's Days Payable

For the Capital Markets subindustry, Bit Origin'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.


Bit Origin's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Origin's Days Payable distribution charts can be found below:

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



Bit Origin 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.

Bit Origin's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

Days Payable (A: Jun. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2022 ) + Accounts Payable (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (0 + 0.668) / 1 ) / 10.827*365
=0.668 / 10.827*365
=22.52

Bit Origin'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: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.668 + 0) / 1 ) / 3.833*365 / 2
=0.668 / 3.833*365 / 2
=31.81

* 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.


Bit Origin Days Payable Related Terms

Thank you for viewing the detailed overview of Bit Origin's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Bit Origin (Bit Origin) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Church Street, 27 Floor, Samsung Hub, Singapore, SGP, 049483
Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions.