OTC Markets Group (OTC Markets Group) Days Payable : 12.07 (As of Dec. 2023)

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What is OTC Markets Group Days Payable?

OTC Markets Group's average Accounts Payable for the three months ended in Dec. 2023 was $1.5 Mil. OTC Markets Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.6 Mil. Hence, OTC Markets Group's Days Payable for the three months ended in Dec. 2023 was 12.07.

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

OTCM' s Days Payable Range Over the Past 10 Years
Min: 6.12 Med: 10 Max: 13.67
Current: 9.08

During the past 13 years, OTC Markets Group's highest Days Payable was 13.67. The lowest was 6.12. And the median was 10.00.

OTCM's Days Payable is ranked worse than
86.45% of 524 companies
in the Capital Markets industry
Industry Median: 96.58 vs OTCM: 9.08

OTC Markets Group's Days Payable increased from Dec. 2022 (10.95) to Dec. 2023 (12.07). It may suggest that OTC Markets Group delayed paying its suppliers.

OTC Markets Group Days Payable Historical Data

The historical data trend for OTC Markets Group'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.

OTC Markets Group Days Payable Chart

OTC Markets Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.12

8.26

8.71

10.38

13.67

OTC Markets Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															10.95	8.75	5.78	5.29	12.07

Competitive Comparison of OTC Markets Group's Days Payable

For the Financial Data & Stock Exchanges subindustry, OTC Markets Group'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.

OTC Markets Group's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where OTC Markets Group's Days Payable falls into.

OTC Markets Group 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.

OTC Markets Group'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
=	( (1.684	+	2.152)	/	2 )	/	51.228	*	365
=	1.918					/	51.228	*	365
=	13.67

OTC Markets Group'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.923	+	2.152)	/	2 )	/	11.623	*	365 / 4
=	1.5375					/	11.623	*	365 / 4
=	12.07

OTC Markets Group Days Payable Related Terms

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OTC Markets Group (OTC Markets Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OTC Markets Group Inc (OTCPK:OTCM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.otcmarkets.com

OTC Markets Group Inc operates financial markets for securities in the U.S and globally. The firm mainly operates OTCQX best market, OTCQB venture market and Pink open market. It has OTC link ATS, market data licensing and corporate services business lines. The activities of these business lines encompass quotation and trade messaging services, network-based platform, access to market data, a suite of market data licenses and disclosure and information services. It derives a majority of revenue from the U.S.