Akazoo (Akazoo) Days Payable : 54.23 (As of Sep. 2019)

View and export this data going back to 2017. Start your Free Trial

What is Akazoo Days Payable?

Akazoo's average Accounts Payable for the three months ended in Sep. 2019 was $17.49 Mil. Akazoo's Cost of Goods Sold for the three months ended in Sep. 2019 was $29.42 Mil. Hence, Akazoo's Days Payable for the three months ended in Sep. 2019 was 54.23.

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

SONG's Days Payable is not ranked ^*
in the Interactive Media industry.
Industry Median: 62.09
* Ranked among companies with meaningful Days Payable only.

Akazoo's Days Payable increased from Sep. 2018 (0.00) to Sep. 2019 (54.23). It may suggest that Akazoo delayed paying its suppliers.

Akazoo Days Payable Historical Data

The historical data trend for Akazoo'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.

Akazoo Days Payable Chart

Akazoo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Days Payable

Akazoo Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Payable	Get a 7-Day Free Trial										-	-	-	-	54.23

Competitive Comparison of Akazoo's Days Payable

For the Internet Content & Information subindustry, Akazoo'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.

Akazoo's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Akazoo's Days Payable distribution charts can be found below:

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

Akazoo 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.

Akazoo's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

	Days Payable (A: Mar. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2017 )	+	Accounts Payable (A: Mar. 2018 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2018 )	*	Days in Period
=	( (0	+	0.097)	/	1 )	/	0	*	365
=	0.097					/	0	*	365
=	N/A

Akazoo's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

	Days Payable (Q: Sep. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (2.211	+	32.76)	/	2 )	/	29.423	*	365 / 4
=	17.4855					/	29.423	*	365 / 4
=	54.23

Akazoo Days Payable Related Terms

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

Akazoo (Akazoo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Akazoo SA (NAS:SONG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Rue de Bitbourg, Luxembourg, LUX, L-1273

Website

https://www.akazoo.com

Akazoo SA operates as a technology company. It offers on-demand music and audio streaming, media and AI technology. The Firm provides its subscribers unlimited online and offline music streaming access to a catalogue of songs on an ad-free basis. The company uses patented AI technology for music recommendations and offers online and offline listening.