INX Digital Co (NEOE:INXD) Days Payable : 2,971.58 (As of Mar. 2024)

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What is INX Digital Co Days Payable?

INX Digital Co's average Accounts Payable for the three months ended in Mar. 2024 was C$9.74 Mil. INX Digital Co's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.30 Mil. Hence, INX Digital Co's Days Payable for the three months ended in Mar. 2024 was 2,971.58.

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

NEOE:INXD' s Days Payable Range Over the Past 10 Years
Min: 133.59 Med: 210.66 Max: 251.74
Current: 133.59

During the past 4 years, INX Digital Co's highest Days Payable was 251.74. The lowest was 133.59. And the median was 210.66.

NEOE:INXD's Days Payable is ranked better than
75.47% of 2536 companies
in the Software industry
Industry Median: 50.42 vs NEOE:INXD: 133.59

INX Digital Co's Days Payable increased from Mar. 2023 (267.15) to Mar. 2024 (2,971.58). It may suggest that INX Digital Co delayed paying its suppliers.

INX Digital Co Days Payable Historical Data

The historical data trend for INX Digital 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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INX Digital Co Days Payable Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

251.72

169.58

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									267.15	182.96	117.93	63.11	2,971.58

Competitive Comparison of INX Digital Co's Days Payable

For the Software - Application subindustry, INX Digital 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.

INX Digital Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, INX Digital Co's Days Payable distribution charts can be found below:

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

INX Digital 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.

INX Digital 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
=	( (6.888	+	8.515)	/	2 )	/	16.577	*	365
=	7.7015					/	16.577	*	365
=	169.58

INX Digital Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (8.515	+	10.959)	/	2 )	/	0.299	*	365 / 4
=	9.737					/	0.299	*	365 / 4
=	2,971.58

INX Digital Co Days Payable Related Terms

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INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

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