GRAVITY Co (GRAVITY Co) Days Payable : 66.83 (As of Dec. 2023)

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What is GRAVITY Co Days Payable?

GRAVITY Co's average Accounts Payable for the three months ended in Dec. 2023 was $52.4 Mil. GRAVITY Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $71.6 Mil. Hence, GRAVITY Co's Days Payable for the three months ended in Dec. 2023 was 66.83.

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

GRVY' s Days Payable Range Over the Past 10 Years
Min: 32.62 Med: 76.61 Max: 103.24
Current: 56.37

During the past 13 years, GRAVITY Co's highest Days Payable was 103.24. The lowest was 32.62. And the median was 76.61.

GRVY's Days Payable is ranked worse than
52.41% of 435 companies
in the Interactive Media industry
Industry Median: 61.44 vs GRVY: 56.37

GRAVITY Co's Days Payable increased from Dec. 2022 (53.36) to Dec. 2023 (66.83). It may suggest that GRAVITY Co delayed paying its suppliers.

GRAVITY Co Days Payable Historical Data

The historical data trend for GRAVITY Co'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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GRAVITY Co Days Payable Chart

GRAVITY Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.43

66.88

79.97

80.93

51.16

GRAVITY Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															53.36	58.29	43.73	69.98	66.83

Competitive Comparison of GRAVITY Co's Days Payable

For the Electronic Gaming & Multimedia subindustry, GRAVITY Co'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.

GRAVITY Co's Days Payable Distribution in the Interactive Media Industry

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

* The bar in red indicates where GRAVITY Co's Days Payable falls into.

GRAVITY Co 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.

GRAVITY Co'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
=	( (56.858	+	47.361)	/	2 )	/	371.788	*	365
=	52.1095					/	371.788	*	365
=	51.16

GRAVITY Co'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
=	( (57.444	+	47.361)	/	2 )	/	71.55	*	365 / 4
=	52.4025					/	71.55	*	365 / 4
=	66.83

GRAVITY Co Days Payable Related Terms

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GRAVITY Co (GRAVITY Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GRAVITY Co Ltd (NAS:GRVY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GD8A:Germany

Address

15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925

Website

https://www.gravity.co.kr

GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. Its principal product, Ragnarok Online, is an online game which is available in more than 91 markets. Its games include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation.