Frequency Exchange (TSXV:FREQ) Days Payable : 245.36 (As of Sep. 2023)

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What is Frequency Exchange Days Payable?

Frequency Exchange's average Accounts Payable for the three months ended in Sep. 2023 was C$0.12 Mil. Frequency Exchange's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.05 Mil. Hence, Frequency Exchange's Days Payable for the three months ended in Sep. 2023 was 245.36.

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

TSXV:FREQ' s Days Payable Range Over the Past 10 Years
Min: 225.13 Med: 225.36 Max: 225.36
Current: 225.13

During the past 3 years, Frequency Exchange's highest Days Payable was 225.36. The lowest was 225.13. And the median was 225.36.

TSXV:FREQ's Days Payable is ranked better than
83.59% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.67 vs TSXV:FREQ: 225.13

Frequency Exchange's Days Payable increased from Sep. 2022 (218.35) to Sep. 2023 (245.36). It may suggest that Frequency Exchange delayed paying its suppliers.

Frequency Exchange Days Payable Historical Data

The historical data trend for Frequency Exchange'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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Frequency Exchange Days Payable Chart

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

Days Payable

225.36

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial					218.35	277.17	244.12	234.73	245.36

Competitive Comparison of Frequency Exchange's Days Payable

For the Medical Devices subindustry, Frequency Exchange'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.

Frequency Exchange's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Frequency Exchange's Days Payable distribution charts can be found below:

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

Frequency Exchange 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.

Frequency Exchange's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.163)	/	1 )	/	0.264	*	365
=	0.163					/	0.264	*	365
=	225.36

Frequency Exchange's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.142	+	0.1)	/	2 )	/	0.045	*	365 / 4
=	0.121					/	0.045	*	365 / 4
=	245.36

Frequency Exchange Days Payable Related Terms

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

Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer