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Gryphon Digital Mining (Gryphon Digital Mining) Days Payable : 192.27 (As of Dec. 2023)


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What is Gryphon Digital Mining Days Payable?

Gryphon Digital Mining's average Accounts Payable for the six months ended in Dec. 2023 was $1.79 Mil. Gryphon Digital Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.40 Mil. Hence, Gryphon Digital Mining's Days Payable for the six months ended in Dec. 2023 was 96.13.

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

GRYP' s Days Payable Range Over the Past 10 Years
Min: 105.39   Med: 148.83   Max: 192.27
Current: 192.27

During the past 3 years, Gryphon Digital Mining's highest Days Payable was 192.27. The lowest was 105.39. And the median was 148.83.

GRYP's Days Payable is ranked better than
58.9% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 vs GRYP: 192.27

Gryphon Digital Mining's Days Payable increased from Dec. 2021 (0.00) to Dec. 2023 (192.27). It may suggest that Gryphon Digital Mining delayed paying its suppliers.

Gryphon Digital Mining Days Payable Historical Data

The historical data trend for Gryphon Digital Mining'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.

Gryphon Digital Mining Days Payable Chart

Gryphon Digital Mining Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
- 105.39 192.27

Gryphon Digital Mining Semi-Annual Data
Dec21 Dec22 Dec23
Days Payable - 105.39 192.27

Competitive Comparison of Gryphon Digital Mining's Days Payable

For the Capital Markets subindustry, Gryphon Digital Mining'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.

Gryphon Digital Mining's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's Days Payable distribution charts can be found below:

* The bar in red indicates where Gryphon Digital Mining's Days Payable falls into.


Gryphon Digital Mining 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.

Gryphon Digital Mining'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
=( (1.418 + 2.165) / 2 ) / 3.401*365
=1.7915 / 3.401*365
=192.27

Gryphon Digital Mining'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: Dec. 2022 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.418 + 2.165) / 2 ) / 3.401*365 / 2
=1.7915 / 3.401*365 / 2
=96.13

* 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.

Gryphon Digital Mining Days Payable Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110
Website
https://gryphondigitalmining.com
Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

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