UP Fintech Holding (UP Fintech Holding) Days Payable : 5,935.54 (As of Dec. 2023)

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What is UP Fintech Holding Days Payable?

UP Fintech Holding's average Accounts Payable for the three months ended in Dec. 2023 was $2,907.5 Mil. UP Fintech Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $44.7 Mil. Hence, UP Fintech Holding's Days Payable for the three months ended in Dec. 2023 was 5,935.54.

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

TIGR' s Days Payable Range Over the Past 10 Years
Min: 25.5 Med: 5622.99 Max: 7573.67
Current: 7071.29

During the past 8 years, UP Fintech Holding's highest Days Payable was 7573.67. The lowest was 25.50. And the median was 5622.99.

TIGR's Days Payable is ranked better than
95.27% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 vs TIGR: 7071.29

UP Fintech Holding's Days Payable declined from Dec. 2022 (7,140.95) to Dec. 2023 (5,935.54). It may suggest that UP Fintech Holding accelerated paying its suppliers.

UP Fintech Holding Days Payable Historical Data

The historical data trend for UP Fintech Holding'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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UP Fintech Holding Days Payable Chart

UP Fintech Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,239.51

6,058.00

5,622.99

7,573.67

7,173.58

UP Fintech Holding 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															7,140.95	8,162.25	7,825.65	6,598.69	5,935.54

Competitive Comparison of UP Fintech Holding's Days Payable

For the Capital Markets subindustry, UP Fintech Holding'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.

UP Fintech Holding's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where UP Fintech Holding's Days Payable falls into.

UP Fintech Holding 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.

UP Fintech Holding'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
=	( (3135.026	+	3028.078)	/	2 )	/	156.793	*	365
=	3081.552					/	156.793	*	365
=	7,173.58

UP Fintech Holding'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
=	( (2786.995	+	3028.078)	/	2 )	/	44.699	*	365 / 4
=	2907.5365					/	44.699	*	365 / 4
=	5,935.54

UP Fintech Holding Days Payable Related Terms

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UP Fintech Holding (UP Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UP Fintech Holding Ltd (NAS:TIGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TIGR:Mexico 0A32:UK 1M5:Germany

Address

No. 16 Taiyanggong Middle Road, 18th Floor, Grandyvic Building, No. 1 Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.itiger.com

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support. Clients may use Tiger's flagship mobile trading APP, Tiger Trade, to trade equities in The U.S., Hong Kong, Singapore, and Australia as well as futures, options, and funds.