TPT Global Tech (TPT Global Tech) Days Payable : 892.66 (As of Dec. 2023)

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What is TPT Global Tech Days Payable?

TPT Global Tech's average Accounts Payable for the three months ended in Dec. 2023 was $5.40 Mil. TPT Global Tech's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.55 Mil. Hence, TPT Global Tech's Days Payable for the three months ended in Dec. 2023 was 892.66.

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

TPTW' s Days Payable Range Over the Past 10 Years
Min: 149.14 Med: 235.54 Max: 834.69
Current: 675.9

During the past 13 years, TPT Global Tech's highest Days Payable was 834.69. The lowest was 149.14. And the median was 235.54.

TPTW's Days Payable is ranked better than
98.39% of 2422 companies
in the Hardware industry
Industry Median: 67.74 vs TPTW: 675.90

TPT Global Tech's Days Payable increased from Dec. 2022 (355.18) to Dec. 2023 (892.66). It may suggest that TPT Global Tech delayed paying its suppliers.

TPT Global Tech Days Payable Historical Data

The historical data trend for TPT Global Tech'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.

TPT Global Tech Days Payable Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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196.95

181.16

166.32

274.13

834.69

TPT Global Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															355.18	446.62	1,006.68	642.27	892.66

Competitive Comparison of TPT Global Tech's Days Payable

For the Communication Equipment subindustry, TPT Global Tech'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.

TPT Global Tech's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TPT Global Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where TPT Global Tech's Days Payable falls into.

TPT Global Tech 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.

TPT Global Tech'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
=	( (5.395	+	5.289)	/	2 )	/	2.336	*	365
=	5.342					/	2.336	*	365
=	834.69

TPT Global Tech'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.511	+	5.289)	/	2 )	/	0.552	*	365 / 4
=	5.4					/	0.552	*	365 / 4
=	892.66

TPT Global Tech Days Payable Related Terms

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TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).