GRIID Infrastructure (GRIID Infrastructure) Days Payable : 77.97 (As of Sep. 2023)

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What is GRIID Infrastructure Days Payable?

GRIID Infrastructure's average Accounts Payable for the three months ended in Sep. 2023 was $3.10 Mil. GRIID Infrastructure's Cost of Goods Sold for the three months ended in Sep. 2023 was $3.63 Mil. Hence, GRIID Infrastructure's Days Payable for the three months ended in Sep. 2023 was 77.97.

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

GRDI' s Days Payable Range Over the Past 10 Years
Min: 80.52 Med: 84.27 Max: 234.39
Current: 112.37

During the past 3 years, GRIID Infrastructure's highest Days Payable was 234.39. The lowest was 80.52. And the median was 84.27.

GRDI's Days Payable is ranked better than
52.19% of 525 companies
in the Capital Markets industry
Industry Median: 94.73 vs GRDI: 112.37

GRIID Infrastructure's Days Payable increased from Dec. 2021 (20.13) to Sep. 2023 (77.97). It may suggest that GRIID Infrastructure delayed paying its suppliers.

GRIID Infrastructure Days Payable Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure Days Payable Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

80.53

85.23

233.63

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			33.78	34.30	109.00	77.97	-

Competitive Comparison of GRIID Infrastructure's Days Payable

For the Capital Markets subindustry, GRIID Infrastructure'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.

GRIID Infrastructure's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where GRIID Infrastructure's Days Payable falls into.

GRIID Infrastructure 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.

GRIID Infrastructure'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
=	( (4.598	+	12.902)	/	2 )	/	13.67	*	365
=	8.75					/	13.67	*	365
=	233.63

GRIID Infrastructure'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.221	+	2.974)	/	2 )	/	3.625	*	365 / 4
=	3.0975					/	3.625	*	365 / 4
=	77.97

GRIID Infrastructure Days Payable Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024