Starrex International (XCNQ:STX) Days Payable : 72.26 (As of Dec. 2023)

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What is Starrex International Days Payable?

Starrex International's average Accounts Payable for the three months ended in Dec. 2023 was C$1.73 Mil. Starrex International's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.18 Mil. Hence, Starrex International's Days Payable for the three months ended in Dec. 2023 was 72.26.

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

XCNQ:STX' s Days Payable Range Over the Past 10 Years
Min: 22.51 Med: 53.84 Max: 983.2
Current: 84.58

During the past 13 years, Starrex International's highest Days Payable was 983.20. The lowest was 22.51. And the median was 53.84.

XCNQ:STX's Days Payable is ranked better than
58.62% of 29 companies
in the Banks industry
Industry Median: 58.9 vs XCNQ:STX: 84.58

Starrex International's Days Payable declined from Dec. 2022 (252.14) to Dec. 2023 (72.26). It may suggest that Starrex International accelerated paying its suppliers.

Starrex International Days Payable Historical Data

The historical data trend for Starrex International'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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Starrex International Days Payable Chart

Starrex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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163.32

983.20

522.88

92.47

Starrex International 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															252.14	198.13	83.65	63.80	72.26

Competitive Comparison of Starrex International's Days Payable

For the Mortgage Finance subindustry, Starrex International'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.

Starrex International's Days Payable Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Starrex International's Days Payable distribution charts can be found below:

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

Starrex International 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.

Starrex International'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
=	( (1.05	+	1.952)	/	2 )	/	5.925	*	365
=	1.501					/	5.925	*	365
=	92.47

Starrex International'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
=	( (1.502	+	1.952)	/	2 )	/	2.181	*	365 / 4
=	1.727					/	2.181	*	365 / 4
=	72.26

Starrex International Days Payable Related Terms

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Starrex International (XCNQ:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Starrex International Ltd (XCNQ:STX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STXMF:USA

Address

1250, 639 - 5th Avenue South West, Calgary, AB, CAN, T2P 0M9

Website

https://www.starrexintl.com

Starrex International Ltd is engaged in acquiring, managing, and growing companies in the United States active in the mortgage, real estate, and other financial sectors. it operates in three segments; Property Interlink, LLC managed residential appraisals and maintained all of the ordering, tracking, administrative duties and details and ensured the timeliness of appraisals that are handled during a real estate mortgage transaction, MFI Credit Solutions, LLC manages consumer credit reporting and maintains all of the ordering, tracking, administrative duties and details required to support consumer credit reporting activities, and Reliable Valuation Service, LLC provided residential evaluations of residential real estate to third parties.