Tiga Gaming (ROCO:6536) Days Payable : 47.73 (As of Dec. 2023)

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What is Tiga Gaming Days Payable?

Tiga Gaming's average Accounts Payable for the six months ended in Dec. 2023 was NT$5.77 Mil. Tiga Gaming's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$22.04 Mil. Hence, Tiga Gaming's Days Payable for the six months ended in Dec. 2023 was 47.73.

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

ROCO:6536' s Days Payable Range Over the Past 10 Years
Min: 0.02 Med: 30.27 Max: 417.25
Current: 61.09

During the past 12 years, Tiga Gaming's highest Days Payable was 417.25. The lowest was 0.02. And the median was 30.27.

ROCO:6536's Days Payable is ranked better than
50.33% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.94 vs ROCO:6536: 61.09

Tiga Gaming's Days Payable declined from Dec. 2022 (62.83) to Dec. 2023 (47.73). It may suggest that Tiga Gaming accelerated paying its suppliers.

Tiga Gaming Days Payable Historical Data

The historical data trend for Tiga Gaming'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.

Tiga Gaming Days Payable Chart

Tiga Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.71

16.87

43.66

72.07

74.31

Tiga Gaming Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															44.52	56.82	62.83	64.17	47.73

Competitive Comparison of Tiga Gaming's Days Payable

For the Gambling subindustry, Tiga Gaming'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.

Tiga Gaming's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tiga Gaming's Days Payable distribution charts can be found below:

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

Tiga Gaming 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.

Tiga Gaming'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
=	( (7.229	+	7.985)	/	2 )	/	37.365	*	365
=	7.607					/	37.365	*	365
=	74.31

Tiga Gaming'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
=	( (3.546	+	7.985)	/	2 )	/	22.043	*	365 / 2
=	5.7655					/	22.043	*	365 / 2
=	47.73

Tiga Gaming Days Payable Related Terms

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Tiga Gaming (ROCO:6536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tiga Gaming Inc (ROCO:6536) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector 1 Hsin Tai Wu Road, 11th Floor, No.75, Xizhi District, New Taipei, TWN, 221

Website

http://www.tigagaming.com

Tiga Gaming Inc is a Taiwan based company involved in the gaming industry. The different games offered by the company includes Open Sesame, Diamond Wild, Crazy Circus, Queen of Egypt, Cactus Cowboy and Golden Theme Park.

Tiga Gaming (ROCO:6536) Headlines

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