BTC Digital (BTC Digital) Days Payable : 9.18 (As of Dec. 2023)

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What is BTC Digital Days Payable?

BTC Digital's average Accounts Payable for the six months ended in Dec. 2023 was $0.14 Mil. BTC Digital's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.81 Mil. Hence, BTC Digital's Days Payable for the six months ended in Dec. 2023 was 9.18.

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

BTCT' s Days Payable Range Over the Past 10 Years
Min: 7.23 Med: 36.09 Max: 125.32
Current: 44.55

During the past 7 years, BTC Digital's highest Days Payable was 125.32. The lowest was 7.23. And the median was 36.09.

BTCT's Days Payable is ranked better than
56.87% of 211 companies
in the Education industry
Industry Median: 36.31 vs BTCT: 44.55

BTC Digital's Days Payable declined from Dec. 2022 (58.18) to Dec. 2023 (9.18). It may suggest that BTC Digital accelerated paying its suppliers.

BTC Digital Days Payable Historical Data

The historical data trend for BTC Digital'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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BTC Digital Days Payable Chart

BTC Digital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

7.23

125.32

64.06

BTC Digital Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							-	175.89	58.18	44.55	9.18

Competitive Comparison of BTC Digital's Days Payable

For the Education & Training Services subindustry, BTC Digital'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.

BTC Digital's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, BTC Digital's Days Payable distribution charts can be found below:

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

BTC Digital 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.

BTC Digital'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
=	( (3.455	+	0.128)	/	2 )	/	10.208	*	365
=	1.7915					/	10.208	*	365
=	64.06

BTC Digital'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
=	( (0.155	+	0.128)	/	2 )	/	2.814	*	365 / 2
=	0.1415					/	2.814	*	365 / 2
=	9.18

BTC Digital Days Payable Related Terms

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BTC Digital (BTC Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » BTC Digital Ltd (NAS:BTCT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Shenyun West Road, 3rd Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.meten.com

BTC Digital Ltd Formerly Meten Holding Group Ltd provides English language and future skills training to Chinese students and professionals through a digital platform and network of learning centers. It offers adult and junior ELT services under the Meten brand name, junior ELT services under the ABC brand name, and online ELT services under the Likeshuo brand name. Its operating segments are General adult English training, Overseas training services, Online English training, and Junior English training. Geographically, the company operates in the People's Republic of China.