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

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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
82.01% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 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.

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Bit Origin Days Payable Chart

Bit Origin Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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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											-	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

Bit Origin Days Payable Related Terms

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Bit Origin (Bit Origin) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Church Street, 27 Floor, Samsung Hub, Singapore, SGP, 049483

Website

https://bitorigin.io

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.