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Global Mofy Metaverse (Global Mofy Metaverse) Days Payable : 35.45 (As of Sep. 2023)


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What is Global Mofy Metaverse Days Payable?

Global Mofy Metaverse's average Accounts Payable for the six months ended in Sep. 2023 was $0.89 Mil. Global Mofy Metaverse's Cost of Goods Sold for the six months ended in Sep. 2023 was $4.56 Mil. Hence, Global Mofy Metaverse's Days Payable for the six months ended in Sep. 2023 was 35.45.

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

GMM' s Days Payable Range Over the Past 10 Years
Min: 21.9   Med: 62.78   Max: 130.95
Current: 26.81

During the past 4 years, Global Mofy Metaverse's highest Days Payable was 130.95. The lowest was 21.90. And the median was 62.78.

GMM's Days Payable is ranked worse than
71.24% of 2531 companies
in the Software industry
Industry Median: 50.16 vs GMM: 26.81

Global Mofy Metaverse's Days Payable declined from Sep. 2022 (59.63) to Sep. 2023 (35.45). It may suggest that Global Mofy Metaverse accelerated paying its suppliers.

Global Mofy Metaverse Days Payable Historical Data

The historical data trend for Global Mofy Metaverse'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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Global Mofy Metaverse Days Payable Chart

Global Mofy Metaverse Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Days Payable
130.95 71.69 53.86 21.90

Global Mofy Metaverse Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Payable Get a 7-Day Free Trial 69.23 81.63 59.63 25.65 35.45

Competitive Comparison of Global Mofy Metaverse's Days Payable

For the Information Technology Services subindustry, Global Mofy Metaverse'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.

Global Mofy Metaverse's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Global Mofy Metaverse's Days Payable distribution charts can be found below:

* The bar in red indicates where Global Mofy Metaverse's Days Payable falls into.


Global Mofy Metaverse 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.

Global Mofy Metaverse's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

Days Payable (A: Sep. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2022 ) + Accounts Payable (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (0.952 + 0.531) / 2 ) / 12.358*365
=0.7415 / 12.358*365
=21.90

Global Mofy Metaverse's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (1.24 + 0.531) / 2 ) / 4.559*365 / 2
=0.8855 / 4.559*365 / 2
=35.45

* 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.

Global Mofy Metaverse Days Payable Related Terms

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Global Mofy Metaverse (Global Mofy Metaverse) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy Metaverse Ltd (NAS:GMM) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000
Website
Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy Metaverse (Global Mofy Metaverse) Headlines

From GuruFocus

Global Mofy Metaverse Limited Announces Closing of $6,000,000 Initial Public Offering

By Marketwired • 10-12-2023

Global Mofy Metaverse Limited Announces Pricing of $6,000,000 Initial Public Offering

By Marketwired • 10-09-2023

Global Mofy Metaverse ("GMM"), 3D Digital Assets Operator, Debuts on Nasdaq

By ACN Newswire • 10-12-2023