Bit Brother (Bit Brother) Days Payable : 2.95 (As of Jun. 2023)

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What is Bit Brother Days Payable?

Bit Brother's average Accounts Payable for the six months ended in Jun. 2023 was $0.09 Mil. Bit Brother's Cost of Goods Sold for the six months ended in Jun. 2023 was $5.25 Mil. Hence, Bit Brother's Days Payable for the six months ended in Jun. 2023 was 2.95.

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

BETSF' s Days Payable Range Over the Past 10 Years
Min: 11.12 Med: 83.5 Max: 148.03
Current: 11.12

During the past 12 years, Bit Brother's highest Days Payable was 148.03. The lowest was 11.12. And the median was 83.50.

BETSF's Days Payable is ranked worse than
83.59% of 524 companies
in the Capital Markets industry
Industry Median: 96.58 vs BETSF: 11.12

Bit Brother's Days Payable increased from Jun. 2022 (0.00) to Jun. 2023 (2.95). It may suggest that Bit Brother delayed paying its suppliers.

Bit Brother Days Payable Historical Data

The historical data trend for Bit Brother'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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Bit Brother Days Payable Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

140.15

81.29

85.70

148.03

13.80

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															-	30.02	-	107.37	2.95

Competitive Comparison of Bit Brother's Days Payable

For the Capital Markets subindustry, Bit Brother'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.

Bit Brother's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where Bit Brother's Days Payable falls into.

Bit Brother 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.

Bit Brother's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.344	+	0.081)	/	2 )	/	5.621	*	365
=	0.2125					/	5.621	*	365
=	13.80

Bit Brother's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.089	+	0.081)	/	2 )	/	5.254	*	365 / 2
=	0.085					/	5.254	*	365 / 2
=	2.95

Bit Brother Days Payable Related Terms

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Bit Brother (Bit Brother) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (OTCPK:BETSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

29D:Germany

Address

53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website

https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.