CMGR (Clubhouse Media Group) Days Payable: 2.90 (As of Jun. 2024)


What is Clubhouse Media Group Days Payable?

Clubhouse Media Group CMGR Days Payable is 2.90 as of Jun. 2024.

Clubhouse Media Group's average Accounts Payable for the three months ended in Jun. 2024 was $0.01 Mil. Clubhouse Media Group's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.32 Mil. Hence, Clubhouse Media Group's Days Payable for the three months ended in Jun. 2024 was 2.90.

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

CMGR's Days Payable is not ranked *
in the Media - Diversified industry.
Industry Median: 83.87
* Ranked among companies with meaningful Days Payable only.

Clubhouse Media Group's Days Payable declined from Jun. 2023 (332.56) to Jun. 2024 (2.90). It may suggest that Clubhouse Media Group accelerated paying its suppliers.

Clubhouse Media Group Days Payable Historical Data

* Premium members only.

The historical data trend for Clubhouse Media 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.

Clubhouse Media Group Days Payable Chart

Clubhouse Media Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 55.79 30.23 104.79 4.89

Clubhouse Media Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 332.56 108.13 0.00 3.33 2.90

CMGR vs DBMM, MMND, TC: Days Payable Comparison

For the Advertising Agencies subindustry, Clubhouse Media 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.

Clubhouse Media Group Days Payable vs Media - Diversified Industry

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

* The bar in red indicates where Clubhouse Media Group's Days Payable falls into.


Clubhouse Media 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.

Clubhouse Media Group'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
=( (0.016 + 0.01) / 2 ) / 0.971*365
=0.013 / 0.971*365
=4.89

Clubhouse Media Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0.01 + 0.01) / 2 ) / 0.315*365 / 4
=0.01 / 0.315*365 / 4
=2.90

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2.90 mean?
Clubhouse Media Group (CMGR) has a Days Payable of 2.90 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Clubhouse Media Group and its competitors.
Is Clubhouse Media Group's Days Payable too high?
Clubhouse Media Group's current Days Payable is 2.90. The Media - Diversified industry median Days Payable is 83.87. Clubhouse Media Group's value of 2.90 is 96.5% below this industry median.
How does Clubhouse Media Group's Days Payable compare to DBMM and MMND?
Clubhouse Media Group's Days Payable of 2.90 can be compared against companies in the Media - Diversified industry. The industry median Days Payable is 83.87. Clubhouse Media Group's value of 2.90 is 96.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Media - Diversified company?
The median Days Payable among Media - Diversified companies is 83.87, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clubhouse Media Group's current Days Payable of 2.90 is 96.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Clubhouse Media Group and its competitors. For the Media - Diversified industry, the median Days Payable is 83.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clubhouse Media Group's current Days Payable is 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clubhouse Media Group stock overvalued right now?
Clubhouse Media Group (CMGR) has a current Days Payable of 2.90. The current Days Payable is 2.90 and 96.5% below the Media - Diversified industry median of 83.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Clubhouse Media Group (CMGR), the current Days Payable is 2.90 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clubhouse Media Group Business Description

Address 3651 Lindell Road, Suite D517, Las Vegas, NV, USA, 89103
Clubhouse Media Group Inc is a social media firm. The company focuses its efforts and resources on growing its wholly owned, creator monetization platform, HoneyDrip.com. The platform allows celebrities and influencers to create, post, communicate, and sell content directly to their fans. The company collects 30% commission on all transactions on the site.