Guardforce AI Co (Guardforce AI Co) Days Payable : 28.75 (As of Dec. 2023)

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What is Guardforce AI Co Days Payable?

Guardforce AI Co's average Accounts Payable for the six months ended in Dec. 2023 was $2.36 Mil. Guardforce AI Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $14.95 Mil. Hence, Guardforce AI Co's Days Payable for the six months ended in Dec. 2023 was 28.75.

The historical rank and industry rank for Guardforce AI Co's Days Payable or its related term are showing as below:

GFAI' s Days Payable Range Over the Past 10 Years
Min: 11.99 Med: 16.1 Max: 26.67
Current: 26.67

During the past 5 years, Guardforce AI Co's highest Days Payable was 26.67. The lowest was 11.99. And the median was 16.10.

GFAI's Days Payable is ranked worse than
70.28% of 922 companies
in the Business Services industry
Industry Median: 47.445 vs GFAI: 26.67

Guardforce AI Co's Days Payable declined from Dec. 2022 (28.87) to Dec. 2023 (28.75). It may suggest that Guardforce AI Co accelerated paying its suppliers.

Guardforce AI Co Days Payable Historical Data

The historical data trend for Guardforce AI Co'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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Guardforce AI Co Days Payable Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

15.07

16.10

11.99

16.54

24.66

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				19.06	20.82	28.87	26.67	28.75

Competitive Comparison of Guardforce AI Co's Days Payable

For the Security & Protection Services subindustry, Guardforce AI Co'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.

Guardforce AI Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Guardforce AI Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guardforce AI Co's Days Payable falls into.

Guardforce AI Co 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.

Guardforce AI Co'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
=	( (2.061	+	2.113)	/	2 )	/	30.89	*	365
=	2.087					/	30.89	*	365
=	24.66

Guardforce AI Co'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
=	( (2.597	+	2.113)	/	2 )	/	14.95	*	365 / 2
=	2.355					/	14.95	*	365 / 2
=	28.75

Guardforce AI Co Days Payable Related Terms

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Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.