GROM (Grom Social Enterprises) Days Payable: 119.21 (As of Mar. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

GROM Grom Social Enterprises Inc GROM
12 GF Score
Price $0.00
View Full Analysis

What is Grom Social Enterprises Days Payable?

Grom Social Enterprises GROM +100.00% 12 Days Payable is 119.21 as of Mar. 2024. GuruFocus rates GROM with a GF Score™ of 12/100.

Grom Social Enterprises's average Accounts Payable for the three months ended in Mar. 2024 was $0.80 Mil. Grom Social Enterprises's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.61 Mil. Hence, Grom Social Enterprises's Days Payable for the three months ended in Mar. 2024 was 119.21.

The historical rank and industry rank for Grom Social Enterprises's Days Payable or its related term are showing as below:

GROM's Days Payable is not ranked *
in the Interactive Media industry.
Industry Median: 64.365
* Ranked among companies with meaningful Days Payable only.

Grom Social Enterprises's Days Payable increased from Mar. 2023 (87.03) to Mar. 2024 (119.21). It may suggest that Grom Social Enterprises delayed paying its suppliers.


Grom Social Enterprises Days Payable Historical Data

* Premium members only.

The historical data trend for Grom Social Enterprises'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.

Grom Social Enterprises Days Payable Chart

Grom Social Enterprises Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only 59.01 105.32 78.47 65.13 116.37

Grom Social Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 87.03 67.38 107.84 128.92 119.21

GROM vs FMHS, HMLA, GOOGL: Days Payable Comparison

For the Internet Content & Information subindustry, Grom Social Enterprises'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.


Grom Social Enterprises Days Payable vs Interactive Media Industry

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

* The bar in red indicates where Grom Social Enterprises's Days Payable falls into.


GROM
12GF Score
Grom Social Enterprises Inc GROM
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grom Social Enterprises 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.

Grom Social Enterprises'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
=( (0.84 + 0.865) / 2 ) / 2.674*365
=0.8525 / 2.674*365
=116.37

Grom Social Enterprises's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0.865 + 0.734) / 2 ) / 0.612*365 / 4
=0.7995 / 0.612*365 / 4
=119.21

* 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 119.21 mean?
Grom Social Enterprises (GROM) has a Days Payable of 119.21 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Grom Social Enterprises and its competitors.
Is Grom Social Enterprises' Days Payable too high?
Grom Social Enterprises' current Days Payable is 119.21. The Interactive Media industry median Days Payable is 64.37. Grom Social Enterprises' value of 119.21 is 85.2% above this industry median. Overall, Grom Social Enterprises has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Grom Social Enterprises' Days Payable compare to FMHS and HMLA?
Grom Social Enterprises' Days Payable of 119.21 can be compared against companies in the Interactive Media industry. The industry median Days Payable is 64.37. Grom Social Enterprises' value of 119.21 is 85.2% 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 an Interactive Media company?
The median Days Payable among Interactive Media companies is 64.37, based on 430 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. Grom Social Enterprises's current Days Payable of 119.21 is 85.2% 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 Grom Social Enterprises and its competitors. For the Interactive Media industry, the median Days Payable is 64.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grom Social Enterprises's current Days Payable is 119.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grom Social Enterprises stock overvalued right now?
Grom Social Enterprises (GROM) has a current Days Payable of 119.21. The current Days Payable is 119.21 and 85.2% above the Interactive Media industry median of 64.37. Grom Social Enterprises' overall GF Score™ is 12/100. 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 Grom Social Enterprises (GROM), the current Days Payable is 119.21 as of Mar. 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.

Grom Social Enterprises Business Description

Address 2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431
Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games. It has three reportable business segments: Animation, which includes TDH; Original Content, which includes CIM; and Social & Technology, which includes GSOC and GEDU. The majority of its revenue is from the Animation segment.
12GF Score

Get the complete analysis for GROM

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00
Price