Tiny (TSXV:TINY) Days Payable : 88.83 (As of Dec. 2023)

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What is Tiny Days Payable?

Tiny's average Accounts Payable for the three months ended in Dec. 2023 was C$25.7 Mil. Tiny's Cost of Goods Sold for the three months ended in Dec. 2023 was C$26.4 Mil. Hence, Tiny's Days Payable for the three months ended in Dec. 2023 was 88.83.

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

TSXV:TINY' s Days Payable Range Over the Past 10 Years
Min: 92.69 Med: 113.19 Max: 133.69
Current: 115.46

During the past 2 years, Tiny's highest Days Payable was 133.69. The lowest was 92.69. And the median was 113.19.

TSXV:TINY's Days Payable is ranked better than
61.75% of 468 companies
in the Asset Management industry
Industry Median: 69.215 vs TSXV:TINY: 115.46

Tiny's Days Payable declined from Dec. 2022 (116.77) to Dec. 2023 (88.83). It may suggest that Tiny accelerated paying its suppliers.

Tiny Days Payable Historical Data

The historical data trend for Tiny'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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Tiny Days Payable Chart

Tiny Annual Data

Trend

Dec22

Dec23

Days Payable

133.69

92.69

Tiny Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			116.77	154.17	-	82.45	88.83

Competitive Comparison of Tiny's Days Payable

For the Asset Management subindustry, Tiny'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.

Tiny's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tiny's Days Payable distribution charts can be found below:

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

Tiny 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.

Tiny'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
=	( (25.113	+	26.242)	/	2 )	/	101.116	*	365
=	25.6775					/	101.116	*	365
=	92.69

Tiny'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
=	( (25.187	+	26.242)	/	2 )	/	26.416	*	365 / 4
=	25.7145					/	26.416	*	365 / 4
=	88.83

Tiny Days Payable Related Terms

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Tiny (TSXV:TINY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tiny Ltd (TSXV:TINY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TNYZF:USA I0B:Germany

Address

400 - 1152 Mainland Street, Vancouver, BC, CAN, V6B 4X2

Website

https://www.tiny.com

Tiny Ltd operates as a technology holding company with a strategy of acquiring majority stakes in businesses. Tiny has two core business segments, Beam and Dribbble, with other standalone businesses including a private equity investment fund.

Executives

Andrew David Charles Wilkinson

10% Security Holder, Director, Senior Officer