Green Block Mining (Green Block Mining) Days Payable : 332.62 (As of Aug. 2021)

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What is Green Block Mining Days Payable?

Green Block Mining's average Accounts Payable for the three months ended in Aug. 2021 was $2.01 Mil. Green Block Mining's Cost of Goods Sold for the three months ended in Aug. 2021 was $0.55 Mil. Hence, Green Block Mining's Days Payable for the three months ended in Aug. 2021 was 332.62.

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

LGLOF's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 51.485
* Ranked among companies with meaningful Days Payable only.

Green Block Mining's Days Payable increased from Aug. 2020 (174.20) to Aug. 2021 (332.62). It may suggest that Green Block Mining delayed paying its suppliers.

Green Block Mining Days Payable Historical Data

The historical data trend for Green Block 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.

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Green Block Mining Days Payable Chart

Green Block Mining Annual Data

Trend

Nov18

Nov19

Nov20

Days Payable

48.87

98.46

Green Block Mining Quarterly Data
	Aug18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Days Payable	Get a 7-Day Free Trial							174.20	37.97	449.18	272.04	332.62

Competitive Comparison of Green Block Mining's Days Payable

For the Software - Application subindustry, Green Block 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.

Green Block Mining's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Green Block Mining's Days Payable distribution charts can be found below:

* The bar in red indicates where Green Block Mining's Days Payable falls into.

Green Block 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.

Green Block Mining's Days Payable for the fiscal year that ended in Nov. 2020 is calculated as

	Days Payable (A: Nov. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2019 )	+	Accounts Payable (A: Nov. 2020 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2020 )	*	Days in Period
=	( (0.068	+	1.216)	/	2 )	/	2.38	*	365
=	0.642					/	2.38	*	365
=	98.46

Green Block Mining's Days Payable for the quarter that ended in Aug. 2021 is calculated as:

	Days Payable (Q: Aug. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2021 )	+	Accounts Payable (Q: Aug. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2021 )	*	Days in Period
=	( (1.86	+	2.157)	/	2 )	/	0.551	*	365 / 4
=	2.0085					/	0.551	*	365 / 4
=	332.62

Green Block Mining Days Payable Related Terms

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Green Block Mining (Green Block Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Green Block Mining Corp (OTCPK:LGLOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

http://www.linkblockchaintech.com

Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.