Digital Brand Media & Marketing Group (Digital Brand Media & Marketing Group) Days Payable : 963.74 (As of Feb. 2024)

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What is Digital Brand Media & Marketing Group Days Payable?

Digital Brand Media & Marketing Group's average Accounts Payable for the three months ended in Feb. 2024 was $0.69 Mil. Digital Brand Media & Marketing Group's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.07 Mil. Hence, Digital Brand Media & Marketing Group's Days Payable for the three months ended in Feb. 2024 was 963.74.

The historical rank and industry rank for Digital Brand Media & Marketing Group's Days Payable or its related term are showing as below:

DBMM' s Days Payable Range Over the Past 10 Years
Min: 308.42 Med: 597.41 Max: 1960.13
Current: 925.82

During the past 13 years, Digital Brand Media & Marketing Group's highest Days Payable was 1960.13. The lowest was 308.42. And the median was 597.41.

DBMM's Days Payable is ranked better than
93.96% of 927 companies
in the Media - Diversified industry
Industry Median: 81.28 vs DBMM: 925.82

Digital Brand Media & Marketing Group's Days Payable declined from Feb. 2023 (991.14) to Feb. 2024 (963.74). It may suggest that Digital Brand Media & Marketing Group accelerated paying its suppliers.

Digital Brand Media & Marketing Group Days Payable Historical Data

The historical data trend for Digital Brand Media & Marketing Group'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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Digital Brand Media & Marketing Group Days Payable Chart

Digital Brand Media & Marketing Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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353.09

616.13

1,189.51

1,960.13

1,030.67

Digital Brand Media & Marketing Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															991.14	933.34	948.39	875.39	963.74

Competitive Comparison of Digital Brand Media & Marketing Group's Days Payable

For the Advertising Agencies subindustry, Digital Brand Media & Marketing Group'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.

Digital Brand Media & Marketing Group's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Digital Brand Media & Marketing Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Digital Brand Media & Marketing Group's Days Payable falls into.

Digital Brand Media & Marketing Group 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.

Digital Brand Media & Marketing Group's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.75	+	0.724)	/	2 )	/	0.261	*	365
=	0.737					/	0.261	*	365
=	1,030.67

Digital Brand Media & Marketing Group's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.715	+	0.658)	/	2 )	/	0.065	*	365 / 4
=	0.6865					/	0.065	*	365 / 4
=	963.74

Digital Brand Media & Marketing Group Days Payable Related Terms

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Digital Brand Media & Marketing Group (Digital Brand Media & Marketing Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digital Brand Media & Marketing Group Inc (OTCPK:DBMM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

845 Third Avenue, 6th Floor, New York, NY, USA, 10022

Website

http://www.dbmmgroup.com

Digital Brand Media & Marketing Group Inc is involved in the business of crafting, designing, and executing digital marketing strategies across multiple advertising platforms and social media networks for an array of clients to increase return on investment. The company generates revenue through Pay-Per-Click Advertising, Search Engine Marketing, Search Engine Optimization Services, Web Design, Social Media, Digital analytics and Advisory Services. It promotes and sells its services under the brand name of Digital Clarity.

Executives

Linda Perry	director	400 EAST 54TH STREET, APT 28E, NEW YORK NY 10022
Reggie James	director	HOLLYDALE SNOWDENHAM LANE, BRAMLEY, SURRY X0 GU5 0AT

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