NextPlat (NextPlat) Days Payable : 93.96 (As of Mar. 2024)

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What is NextPlat Days Payable?

NextPlat's average Accounts Payable for the three months ended in Mar. 2024 was $13.06 Mil. NextPlat's Cost of Goods Sold for the three months ended in Mar. 2024 was $12.68 Mil. Hence, NextPlat's Days Payable for the three months ended in Mar. 2024 was 93.96.

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

NXPL' s Days Payable Range Over the Past 10 Years
Min: 38.8 Med: 49.69 Max: 92.07
Current: 81.09

During the past 13 years, NextPlat's highest Days Payable was 92.07. The lowest was 38.80. And the median was 49.69.

NXPL's Days Payable is ranked better than
62.11% of 2531 companies
in the Software industry
Industry Median: 50.36 vs NXPL: 81.09

NextPlat's Days Payable increased from Mar. 2023 (50.82) to Mar. 2024 (93.96). It may suggest that NextPlat delayed paying its suppliers.

NextPlat Days Payable Historical Data

The historical data trend for NextPlat'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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NextPlat Days Payable Chart

NextPlat Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.93

67.36

49.44

40.49

92.07

NextPlat Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															50.82	53.46	57.65	98.33	93.96

Competitive Comparison of NextPlat's Days Payable

For the Software - Application subindustry, NextPlat'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.

NextPlat's Days Payable Distribution in the Software Industry

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

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

NextPlat 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.

NextPlat'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
=	( (1.2	+	12.142)	/	2 )	/	26.445	*	365
=	6.671					/	26.445	*	365
=	92.07

NextPlat'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
=	( (12.142	+	13.978)	/	2 )	/	12.683	*	365 / 4
=	13.06					/	12.683	*	365 / 4
=	93.96

NextPlat Days Payable Related Terms

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NextPlat (NextPlat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlat Corp (NAS:NXPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3250 Mary Street, Suite 410, Coconut Grove, FL, USA, 33133

Website

https://www.nextplat.com

NextPlat Corp is an e-commerce platform company created to capitalize on multiple sectors and markets for physical and digital assets. The company intends to collaborate with businesses, optimizing their ability to sell their goods online, domestically, and internationally, and enabling customers and partners to maximize their e-commerce presence and revenue.

Executives

Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Rodney Barreto	director	460 MARQUESA DRIVE, CORAL GABLES FL 33156
David Phipps	director, officer: CEO of Issuer, other: President of Orbital Satcom Co	UNIT G5 ARENA BUSINESS CENTRE, HOLYROOD CLOSE, POOLE X0 BH177FJ
Charles M. Fernandez	director, officer: CEO & Chairman	C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137
Cecile Munnik	officer: Chief Financial Officer	400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009
Bedwell Robert Phillip Jr.	officer: Chief Compliance Officer	6074 TRUMPET FLOWER AVE.,, FLOWERY BRANCH, GA 30542
Maria Cristina Fernandez	director	200 BISCAYNE BOULEVARD WAY, APT 39, MIAMI FL 33131
Louis Cusimano	director	PO BOX 1156, MONTAUK NY 11954
Douglas Ellenoff	director, officer: Chief Business Development	C/O INTERVISUAL BOOKS INC, 12910 CULVER BLVD #C, LOS ANGELES CA 90066
Paul R Thomson	officer: Executive Vice President	METROMEDIA CO, ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073
Andrew Scott Cohen	officer: SVP of Operations	18851 NE 29TH AVE. SUITE 700, AVENTURA FL 33180
Sarwar Uddin	officer: Chief Financial Officer	18851 NE 29TH AVENUE,, SUITE 700, AVENTURA FL 33180
John Edward Miller	director	1011 W 66TH ST, KANSAS CITY MO 64113
Kendall W. Carpenter	director	6701 S ATLANTA AVE, TULSA OK 74136