LGLOF (Green Block Mining) Days Payable: 258.40 (As of Aug. 2021)

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What is Green Block Mining Days Payable?

Green Block Mining LGLOF -90.00% Days Payable is 258.40 as of Aug. 2021.

Green Block Mining's average Accounts Payable for the three months ended in Aug. 2021 was $2.01 Mil. Green Block Mining's Cost of Goods Sold for the three months ended in Aug. 2021 was $0.71 Mil. Hence, Green Block Mining's Days Payable for the three months ended in Aug. 2021 was 258.40.

The historical rank and industry rank for Green Block Mining's Days Payable or its related term are showing as below:

LGLOF's Days Payable is not ranked *
in the Software industry.
Industry Median: 51.36
* Ranked among companies with meaningful Days Payable only.

Green Block Mining's Days Payable increased from Aug. 2020 (55.36) to Aug. 2021 (258.40). It may suggest that Green Block Mining delayed paying its suppliers.

Green Block Mining Days Payable Historical Data

* Premium members only.

The historical data trend for Green Block Mining'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.

Green Block Mining Days Payable Chart

Green Block Mining Annual Data
Trend Nov18 Nov19 Nov20
Days Payable
59.13 28.85 61.08

Green Block Mining Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
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 55.36 24.64 287.69 65.65 258.40

LGLOF vs CRM, INTU, NOW: Days Payable Comparison

For the Software - Application subindustry, Green Block Mining'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.

Green Block Mining Days Payable vs Software Industry

For the Software industry and Technology sector, Green Block Mining's Days Payable distribution charts can be found below:

* The bar in red indicates where Green Block Mining's Days Payable falls into.


Green Block Mining 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.

Green Block Mining's Days Payable for the fiscal year that ended in Nov. 2020 is calculated as

Days Payable (A: Nov. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Nov. 2019 ) + Accounts Payable (A: Nov. 2020 )) / count ) / Cost of Goods Sold (A: Nov. 2020 )*Days in Period
=( (0.068114 + 1.216134) / 2 ) / 3.8369770000148*365
=0.642124 / 3.8369770000148*365
=61.08

Green Block Mining's Days Payable for the quarter that ended in Aug. 2021 is calculated as:

Days Payable (Q: Aug. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: May. 2021 ) + Accounts Payable (Q: Aug. 2021 )) / count ) / Cost of Goods Sold (Q: Aug. 2021 )*Days in Period
=( (1.860338 + 2.157304) / 2 ) / 0.70939300000431*365 / 4
=2.008821 / 0.70939300000431*365 / 4
=258.40

* 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 258.40 mean?
Green Block Mining (LGLOF) has a Days Payable of 258.40 as of Aug. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Green Block Mining and its competitors.
Is Green Block Mining's Days Payable too high?
Green Block Mining's current Days Payable is 258.40. The Software industry median Days Payable is 51.36. Green Block Mining's value of 258.40 is 403.1% above this industry median.
How does Green Block Mining's Days Payable compare to CRM and INTU?
Green Block Mining's Days Payable of 258.40 can be compared against companies in the Software industry. The industry median Days Payable is 51.36. Green Block Mining's value of 258.40 is 403.1% 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 Software company?
The median Days Payable among Software companies is 51.36, based on 2,610 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. Green Block Mining's current Days Payable of 258.40 is 403.1% 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 Green Block Mining and its competitors. For the Software industry, the median Days Payable is 51.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Block Mining's current Days Payable is 258.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Block Mining stock overvalued right now?
Green Block Mining (LGLOF) has a current Days Payable of 258.40. The current Days Payable is 258.40 and 403.1% above the Software industry median of 51.36. 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 Green Block Mining (LGLOF), the current Days Payable is 258.40 as of Aug. 2021. 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.

Green Block Mining Business Description

Address 800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.