GLBR (Global Brokerage) Days Payable: 5,731.32 (As of Sep. 2017)

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What is Global Brokerage Days Payable?

Global Brokerage GLBR Days Payable is 5,731.32 as of Sep. 2017.

Global Brokerage's average Accounts Payable for the three months ended in Sep. 2017 was $341.9 Mil. Global Brokerage's Cost of Goods Sold for the three months ended in Sep. 2017 was $5.4 Mil. Hence, Global Brokerage's Days Payable for the three months ended in Sep. 2017 was 5,731.32.

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

GLBR's Days Payable is not ranked *
in the Capital Markets industry.
Industry Median: 92.89
* Ranked among companies with meaningful Days Payable only.

Global Brokerage's Days Payable declined from Sep. 2016 (7,262.77) to Sep. 2017 (5,731.32). It may suggest that Global Brokerage accelerated paying its suppliers.

Global Brokerage Days Payable Historical Data

* Premium members only.

The historical data trend for Global Brokerage'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.

Global Brokerage Days Payable Chart

Global Brokerage Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial 5,398.85 5,356.20 4,964.71 1,953.92 1,911.78

Global Brokerage Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 7,262.77 602.38 6,659.25 5,659.03 5,731.32

GLBR vs OTCM, OSBHF: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Global Brokerage'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.

Global Brokerage Days Payable vs Capital Markets Industry

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

* The bar in red indicates where Global Brokerage's Days Payable falls into.


Global Brokerage 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.

Global Brokerage's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (710.243 + 694.133) / 2 ) / 134.063*365
=702.188 / 134.063*365
=1,911.78

Global Brokerage's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable (Q: Sep. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2017 ) + Accounts Payable (Q: Sep. 2017 )) / count ) / Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=( (352.292 + 331.447) / 2 ) / 5.443*365 / 4
=341.8695 / 5.443*365 / 4
=5,731.32

* 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 5,731.32 mean?
Global Brokerage (GLBR) has a Days Payable of 5,731.32 as of Sep. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Global Brokerage and its competitors.
Is Global Brokerage's Days Payable too high?
Global Brokerage's current Days Payable is 5,731.32. The Capital Markets industry median Days Payable is 92.89. Global Brokerage's value of 5,731.32 is 6070% above this industry median.
How does Global Brokerage's Days Payable compare to OTCM and OSBHF?
Global Brokerage's Days Payable of 5,731.32 can be compared against companies in the Capital Markets industry. The industry median Days Payable is 92.89. Global Brokerage's value of 5,731.32 is 6070% above 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 92.89, based on 541 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. Global Brokerage's current Days Payable of 5,731.32 is 6070% above 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 Global Brokerage and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Brokerage's current Days Payable is 5,731.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Brokerage stock overvalued right now?
Global Brokerage (GLBR) has a current Days Payable of 5,731.32. The current Days Payable is 5,731.32 and 6070% above the Capital Markets industry median of 92.89. 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 Global Brokerage (GLBR), the current Days Payable is 5,731.32 as of Sep. 2017. 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.

Global Brokerage Business Description

Address 55 Water Street, 50th Floor, New York, NY, USA, 10041
Global Brokerage Inc operates as a holding company in the United States is engaged in the provision of providing online foreign exchange (FX) trading and related services to retail and institutional customers worldwide. The company offers spot FX trading that includes contracts for metals, fixed income, energy, and stock indices; and provides spread betting trading to the customers. The company is also engaged in hedge trading in its electronic market making, provides trading tools data and resources and educational courses. It generates is revenue by the way of trading facilities.