GMM (Global Mofy AI) Days Payable : 23.13 (As of Sep. 2024)

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What is Global Mofy AI Days Payable?

Global Mofy AI's average Accounts Payable for the six months ended in Sep. 2024 was $1.58 Mil. Global Mofy AI's Cost of Goods Sold for the six months ended in Sep. 2024 was $12.46 Mil. Hence, Global Mofy AI's Days Payable for the six months ended in Sep. 2024 was 23.13.

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

GMM' s Days Payable Range Over the Past 10 Years
Min: 15.48 Med: 53.86 Max: 130.95
Current: 21.83

During the past 5 years, Global Mofy AI's highest Days Payable was 130.95. The lowest was 15.48. And the median was 53.86.

GMM's Days Payable is ranked worse than
75.9% of 2523 companies
in the Software industry
Industry Median: 50.93 vs GMM: 21.83

Global Mofy AI's Days Payable declined from Sep. 2023 (35.45) to Sep. 2024 (23.13). It may suggest that Global Mofy AI accelerated paying its suppliers.

Global Mofy AI Days Payable Historical Data

The historical data trend for Global Mofy AI'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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Global Mofy AI Days Payable Chart

Global Mofy AI Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

130.95

71.69

53.86

21.90

15.48

Global Mofy AI Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial				59.63	25.65	35.45	27.88	23.13

Competitive Comparison of Global Mofy AI's Days Payable

For the Information Technology Services subindustry, Global Mofy AI'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 Mofy AI's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Global Mofy AI's Days Payable distribution charts can be found below:

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

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Global Mofy AI 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 Mofy AI's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (0.531	+	1.213)	/	2 )	/	20.557	*	365
=	0.872					/	20.557	*	365
=	15.48

Global Mofy AI's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.944	+	1.213)	/	2 )	/	12.456	*	365 / 2
=	1.5785					/	12.456	*	365 / 2
=	23.13

Global Mofy AI Days Payable Related Terms

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Global Mofy AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy AI Ltd (NAS:GMM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

https://ir.globalmofy.cn

Global Mofy AI Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.