Digihost Technology (TSXV:DGHI) Days Payable : 30.01 (As of Mar. 2024)

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What is Digihost Technology Days Payable?

Digihost Technology's average Accounts Payable for the three months ended in Mar. 2024 was C$5.77 Mil. Digihost Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was C$17.53 Mil. Hence, Digihost Technology's Days Payable for the three months ended in Mar. 2024 was 30.01.

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

TSXV:DGHI' s Days Payable Range Over the Past 10 Years
Min: 26.42 Med: 38.65 Max: 44.54
Current: 35.25

During the past 5 years, Digihost Technology's highest Days Payable was 44.54. The lowest was 26.42. And the median was 38.65.

TSXV:DGHI's Days Payable is ranked worse than
61.52% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TSXV:DGHI: 35.25

Digihost Technology's Days Payable declined from Mar. 2023 (38.96) to Mar. 2024 (30.01). It may suggest that Digihost Technology accelerated paying its suppliers.

Digihost Technology Days Payable Historical Data

The historical data trend for Digihost Technology'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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Digihost Technology Days Payable Chart

Digihost Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

44.54

42.17

26.42

35.12

Digihost Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													38.96	50.54	48.78	28.17	30.01

Competitive Comparison of Digihost Technology's Days Payable

For the Software - Application subindustry, Digihost Technology'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.

Digihost Technology's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Digihost Technology's Days Payable distribution charts can be found below:

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

Digihost Technology 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.

Digihost Technology'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
=	( (3.186	+	6.052)	/	2 )	/	48.002	*	365
=	4.619					/	48.002	*	365
=	35.12

Digihost Technology's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (6.052	+	5.478)	/	2 )	/	17.531	*	365 / 4
=	5.765					/	17.531	*	365 / 4
=	30.01

Digihost Technology Days Payable Related Terms

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Digihost Technology (TSXV:DGHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digihost Technology Inc (TSXV:DGHI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DGHI:USA 1NQ:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.digihost.ca

Digihost Technology Inc is a blockchain company focused on Bitcoin mining. The company's mining facility is located in Buffalo, New York, and is equipped with an 18.7 MVA 115,000-kilovolt ampere outdoor substation with an option to increase the power output to 42MVA.