Good Gamer Entertainment (TSXV:GOOD) Days Payable : 423.60 (As of Dec. 2023)

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What is Good Gamer Entertainment Days Payable?

Good Gamer Entertainment's average Accounts Payable for the three months ended in Dec. 2023 was C$0.47 Mil. Good Gamer Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.10 Mil. Hence, Good Gamer Entertainment's Days Payable for the three months ended in Dec. 2023 was 423.60.

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

TSXV:GOOD' s Days Payable Range Over the Past 10 Years
Min: 1077.7 Med: 3279.38 Max: 3779.86
Current: 1077.7

During the past 4 years, Good Gamer Entertainment's highest Days Payable was 3779.86. The lowest was 1077.70. And the median was 3279.38.

TSXV:GOOD's Days Payable is ranked better than
93.75% of 432 companies
in the Interactive Media industry
Industry Median: 60.97 vs TSXV:GOOD: 1077.70

Good Gamer Entertainment's Days Payable declined from Sep. 2022 (8,543.28) to Dec. 2023 (423.60). It may suggest that Good Gamer Entertainment accelerated paying its suppliers.

Good Gamer Entertainment Days Payable Historical Data

The historical data trend for Good Gamer Entertainment'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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Good Gamer Entertainment Days Payable Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Days Payable

3,279.38

3,779.86

2,387.97

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					8,543.28	2,324.02	1,868.45	1,368.75	423.60

Competitive Comparison of Good Gamer Entertainment's Days Payable

For the Electronic Gaming & Multimedia subindustry, Good Gamer Entertainment'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.

Good Gamer Entertainment's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Good Gamer Entertainment's Days Payable distribution charts can be found below:

* The bar in red indicates where Good Gamer Entertainment's Days Payable falls into.

Good Gamer Entertainment 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.

Good Gamer Entertainment's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.333	+	0.439)	/	2 )	/	0.059	*	365
=	0.386					/	0.059	*	365
=	2,387.97

Good Gamer Entertainment'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
=	( (0.461	+	0.486)	/	2 )	/	0.102	*	365 / 4
=	0.4735					/	0.102	*	365 / 4
=	423.60

Good Gamer Entertainment Days Payable Related Terms

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Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.