GYST (The Graystone Co) Days Payable: 10.76 (As of Sep. 2013)

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What is The Graystone Co Days Payable?

The Graystone Co GYST -0.22% Days Payable is 10.76 as of Sep. 2013.

The Graystone Co's average Accounts Payable for the three months ended in Sep. 2013 was $0.01 Mil. The Graystone Co's Cost of Goods Sold for the three months ended in Sep. 2013 was $0.11 Mil. Hence, The Graystone Co's Days Payable for the three months ended in Sep. 2013 was 10.76.

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

GYST's Days Payable is not ranked *
in the Banks industry.
Industry Median: 28.85
* Ranked among companies with meaningful Days Payable only.

The Graystone Co's Days Payable declined from Sep. 2012 (34.50) to Sep. 2013 (10.76). It may suggest that The Graystone Co accelerated paying its suppliers.

The Graystone Co Days Payable Historical Data

* Premium members only.

The historical data trend for The Graystone Co'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.

The Graystone Co Days Payable Chart

The Graystone Co Annual Data
Trend Dec10 Dec11 Dec12
Days Payable
0.00 79.35 7.99

The Graystone Co Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.50 2.60 10.18 19.46 10.76

GYST vs DWSGF, AUXRF, NEBUF: Days Payable Comparison

For the Mortgage Finance subindustry, The Graystone Co'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.

The Graystone Co Days Payable vs Banks Industry

For the Banks industry and Financial Services sector, The Graystone Co's Days Payable distribution charts can be found below:

* The bar in red indicates where The Graystone Co's Days Payable falls into.


The Graystone Co 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.

The Graystone Co's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable (A: Dec. 2012 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2011 ) + Accounts Payable (A: Dec. 2012 )) / count ) / Cost of Goods Sold (A: Dec. 2012 )*Days in Period
=( (0.01 + 0.01) / 2 ) / 0.457*365
=0.01 / 0.457*365
=7.99

The Graystone Co's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

Days Payable (Q: Sep. 2013 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2013 ) + Accounts Payable (Q: Sep. 2013 )) / count ) / Cost of Goods Sold (Q: Sep. 2013 )*Days in Period
=( (0.01 + 0.015) / 2 ) / 0.106*365 / 4
=0.0125 / 0.106*365 / 4
=10.76

* 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 10.76 mean?
The Graystone Co (GYST) has a Days Payable of 10.76 as of Sep. 2013. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on The Graystone Co and its competitors.
Is The Graystone Co's Days Payable too high?
The Graystone Co's current Days Payable is 10.76. The Banks industry median Days Payable is 28.85. The Graystone Co's value of 10.76 is 62.7% below this industry median.
How does The Graystone Co's Days Payable compare to DWSGF and AUXRF?
The Graystone Co's Days Payable of 10.76 can be compared against companies in the Banks industry. The industry median Days Payable is 28.85. The Graystone Co's value of 10.76 is 62.7% 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 Banks company?
The median Days Payable among Banks companies is 28.85, based on 32 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. The Graystone Co's current Days Payable of 10.76 is 62.7% 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 The Graystone Co and its competitors. For the Banks industry, the median Days Payable is 28.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Graystone Co's current Days Payable is 10.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Graystone Co stock overvalued right now?
The Graystone Co (GYST) has a current Days Payable of 10.76. The current Days Payable is 10.76 and 62.7% below the Banks industry median of 28.85. 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 The Graystone Co (GYST), the current Days Payable is 10.76 as of Sep. 2013. 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.

The Graystone Co Business Description

Address 150 S. Pine Island Road, Suite 300, Plantation, FL, USA, 33324
The Graystone Co Inc is a mortgage broker and lender. It is a mortgage brokerage firm that specializes in connecting clients with the ideal mortgage options tailored to their financial circumstances and goals. The company caters to various categories of customers from first-time homebuyers to seasoned investors, providing personalized guidance and support throughout the entire mortgage process.