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VS Media Holdings (VS Media Holdings) Days Payable : 71.61 (As of Dec. 2023)


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What is VS Media Holdings Days Payable?

VS Media Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $1.41 Mil. VS Media Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.58 Mil. Hence, VS Media Holdings's Days Payable for the six months ended in Dec. 2023 was 71.61.

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

VSME' s Days Payable Range Over the Past 10 Years
Min: 54.73   Med: 67.31   Max: 82.61
Current: 73.72

During the past 4 years, VS Media Holdings's highest Days Payable was 82.61. The lowest was 54.73. And the median was 67.31.

VSME's Days Payable is ranked worse than
53.06% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs VSME: 73.72

VS Media Holdings's Days Payable increased from Dec. 2022 (51.53) to Dec. 2023 (71.61). It may suggest that VS Media Holdings delayed paying its suppliers.

VS Media Holdings Days Payable Historical Data

The historical data trend for VS Media Holdings'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.

VS Media Holdings Days Payable Chart

VS Media Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
70.72 54.73 63.90 82.61

VS Media Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 50.15 66.23 51.53 66.24 71.61

Competitive Comparison of VS Media Holdings's Days Payable

For the Advertising Agencies subindustry, VS Media Holdings'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.

VS Media Holdings's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, VS Media Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where VS Media Holdings's Days Payable falls into.


VS Media Holdings 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.

VS Media Holdings'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
=( (1.037 + 1.838) / 2 ) / 6.351*365
=1.4375 / 6.351*365
=82.61

VS Media Holdings'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: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.973 + 1.838) / 2 ) / 3.582*365 / 2
=1.4055 / 3.582*365 / 2
=71.61

* 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.

VS Media Holdings Days Payable Related Terms

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VS Media Holdings (VS Media Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » VS Media Holdings Ltd (NAS:VSME) » Definitions » Days Payable
Comparable Companies
ICLK TRKA SWAG CNFN INUV DLPN LDWY CNET ANTE MGOL XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
75 Hung To Road, 6th Floor, KOHO, Kwun Tong, Hong Kong, HKG
Website
https://www.vs-media.com
VS Media Holdings Ltd manages a global network of digital Creators who create and publish content to social media platforms such as YouTube, Facebook, Instagram, and TikTok. Its Creators include influencers, KOLs-Key Opinion Leaders, bloggers, and other content creators who cultivate fanbases on social media platforms. The company's business provides value to two major business stakeholders: Creators and Brands. Its Value to Creators: It empowers and supports Creators by providing them with production facilities, training, and funding to produce quality content. Its Value to Brands: the company bridges the divide between Brands and Creators by helping Brands reach their target audience effectively by advising on content strategy and budget and recommending specific Creators.