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Signing Day Sports (Signing Day Sports) Days Payable : 1,357.51 (As of Mar. 2024)


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What is Signing Day Sports Days Payable?

Signing Day Sports's average Accounts Payable for the three months ended in Mar. 2024 was $1.03 Mil. Signing Day Sports's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.07 Mil. Hence, Signing Day Sports's Days Payable for the three months ended in Mar. 2024 was 1,357.51.

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

SGN' s Days Payable Range Over the Past 10 Years
Min: 132.53   Med: 185.76   Max: 6316.28
Current: 4400.97

During the past 3 years, Signing Day Sports's highest Days Payable was 6316.28. The lowest was 132.53. And the median was 185.76.

SGN's Days Payable is ranked better than
98.34% of 2533 companies
in the Software industry
Industry Median: 50.13 vs SGN: 4400.97

Signing Day Sports's Days Payable declined from Mar. 2023 (4,579.61) to Mar. 2024 (1,357.51). It may suggest that Signing Day Sports accelerated paying its suppliers.

Signing Day Sports Days Payable Historical Data

The historical data trend for Signing Day Sports'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.

Signing Day Sports Days Payable Chart

Signing Day Sports Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
132.53 185.76 6,316.28

Signing Day Sports Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,579.61 8,746.31 11,962.88 22,830.75 1,357.51

Competitive Comparison of Signing Day Sports's Days Payable

For the Software - Application subindustry, Signing Day Sports'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.

Signing Day Sports's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Signing Day Sports's Days Payable falls into.


Signing Day Sports 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.

Signing Day Sports'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
=( (0.614 + 0.805) / 2 ) / 0.041*365
=0.7095 / 0.041*365
=6,316.28

Signing Day Sports'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
=( (0.805 + 1.248) / 2 ) / 0.069*365 / 4
=1.0265 / 0.069*365 / 4
=1,357.51

* 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.

Signing Day Sports Days Payable Related Terms

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Signing Day Sports (Signing Day Sports) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Signing Day Sports Inc (AMEX:SGN) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
8355 East Hartford Road, Suite 100, Scottsdale, AZ, USA, 85255
Website
https://signingdaysports.com
Signing Day Sports Inc is a technology company developing and operating platforms aiming to give significantly more student-athletes the opportunity to go to college and continue playing sports. Its platform Signing Day Sports is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. It currently fully supports football and baseball, and it plans to expand the Signing Day Sports platform to include additional sports.