Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Days Payable : 89.57 (As of Sep. 2023)

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What is Enthusiast Gaming Holdings Days Payable?

Enthusiast Gaming Holdings's average Accounts Payable for the three months ended in Sep. 2023 was $20.9 Mil. Enthusiast Gaming Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $21.3 Mil. Hence, Enthusiast Gaming Holdings's Days Payable for the three months ended in Sep. 2023 was 89.57.

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

EGLXF' s Days Payable Range Over the Past 10 Years
Min: 63.48 Med: 75.16 Max: 299.15
Current: 83.03

During the past 5 years, Enthusiast Gaming Holdings's highest Days Payable was 299.15. The lowest was 63.48. And the median was 75.16.

EGLXF's Days Payable is ranked better than
58.39% of 435 companies
in the Interactive Media industry
Industry Median: 60.99 vs EGLXF: 83.03

Enthusiast Gaming Holdings's Days Payable declined from Sep. 2022 (89.93) to Sep. 2023 (89.57). It may suggest that Enthusiast Gaming Holdings accelerated paying its suppliers.

Enthusiast Gaming Holdings Days Payable Historical Data

The historical data trend for Enthusiast Gaming Holdings'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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Enthusiast Gaming Holdings Days Payable Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

299.12

86.05

63.46

65.73

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															89.93	74.31	77.51	76.60	89.57

Competitive Comparison of Enthusiast Gaming Holdings's Days Payable

For the Internet Content & Information subindustry, Enthusiast Gaming Holdings'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.

Enthusiast Gaming Holdings's Days Payable Distribution in the Interactive Media Industry

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

* The bar in red indicates where Enthusiast Gaming Holdings's Days Payable falls into.

Enthusiast Gaming Holdings 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.

Enthusiast Gaming Holdings'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: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (19.724	+	17.228)	/	2 )	/	102.592	*	365
=	18.476					/	102.592	*	365
=	65.73

Enthusiast Gaming Holdings'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
=	( (19.703	+	22.115)	/	2 )	/	21.3	*	365 / 4
=	20.909					/	21.3	*	365 / 4
=	89.57

Enthusiast Gaming Holdings Days Payable Related Terms

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Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2AV:Germany EGLX:Canada

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.