Able View Global (Able View Global) Days Payable : 8.71 (As of Dec. 2023)

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What is Able View Global Days Payable?

Able View Global's average Accounts Payable for the six months ended in Dec. 2023 was $2.4 Mil. Able View Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $50.0 Mil. Hence, Able View Global's Days Payable for the six months ended in Dec. 2023 was 8.71.

The historical rank and industry rank for Able View Global's Days Payable or its related term are showing as below:

ABLV' s Days Payable Range Over the Past 10 Years
Min: 1.87 Med: 6.9 Max: 7.44
Current: 6.18

During the past 4 years, Able View Global's highest Days Payable was 7.44. The lowest was 1.87. And the median was 6.90.

ABLV's Days Payable is ranked worse than
96.65% of 926 companies
in the Media - Diversified industry
Industry Median: 79.915 vs ABLV: 6.18

Able View Global's Days Payable increased from Dec. 2022 (3.91) to Dec. 2023 (8.71). It may suggest that Able View Global delayed paying its suppliers.

Able View Global Days Payable Historical Data

The historical data trend for Able View Global'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.

* Premium members only.

Able View Global Days Payable Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

1.87

7.08

6.72

7.44

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			11.07	10.12	3.91	3.00	8.71

Competitive Comparison of Able View Global's Days Payable

For the Advertising Agencies subindustry, Able View Global'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.

Able View Global's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Able View Global's Days Payable distribution charts can be found below:

* The bar in red indicates where Able View Global's Days Payable falls into.

Able View Global 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.

Able View Global'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
=	( (0.917	+	3.648)	/	2 )	/	111.991	*	365
=	2.2825					/	111.991	*	365
=	7.44

Able View Global'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
=	( (1.122	+	3.648)	/	2 )	/	49.997	*	365 / 2
=	2.385					/	49.997	*	365 / 2
=	8.71

Able View Global Days Payable Related Terms

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Able View Global (Able View Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

By ACCESSWIRE • 05-01-2024