MGOL (MGO Global) Days Payable : 235.10 (As of Sep. 2024)

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What is MGO Global Days Payable?

MGO Global's average Accounts Payable for the three months ended in Sep. 2024 was $0.19 Mil. MGO Global's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.07 Mil. Hence, MGO Global's Days Payable for the three months ended in Sep. 2024 was 235.10.

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

MGOL' s Days Payable Range Over the Past 10 Years
Min: 68.19 Med: 264.05 Max: 409.76
Current: 68.19

During the past 4 years, MGO Global's highest Days Payable was 409.76. The lowest was 68.19. And the median was 264.05.

MGOL's Days Payable is ranked worse than
56.02% of 930 companies
in the Media - Diversified industry
Industry Median: 83.56 vs MGOL: 68.19

MGO Global's Days Payable increased from Sep. 2023 (154.35) to Sep. 2024 (235.10). It may suggest that MGO Global delayed paying its suppliers.

MGO Global Days Payable Historical Data

The historical data trend for MGO Global'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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MGO Global Days Payable Chart

MGO Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

269.70

258.39

409.76

101.45

MGO Global Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial									154.35	33.19	241.24	99.27	235.10

Competitive Comparison of MGO Global's Days Payable

For the Advertising Agencies subindustry, MGO Global'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.

MGO Global's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MGO Global's Days Payable distribution charts can be found below:

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

MGO Global 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.

MGO Global'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
=	( (0.671	+	0.448)	/	2 )	/	2.013	*	365
=	0.5595					/	2.013	*	365
=	101.45

MGO Global'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.32	+	0.051)	/	2 )	/	0.072	*	365 / 4
=	0.1855					/	0.072	*	365 / 4
=	235.10

MGO Global Days Payable Related Terms

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MGO Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346

Website

https://www.mgoglobalinc.com

MGO Global Inc has built a brand acceleration platform with a focus on the acquisition, optimization and monetization of consumer brands across multiple categories. Its mission is to provide customers with unmatched variety, quality and shopping experience. The Company has three reportable segments: 1) The Messi Store, which sells a range of products under The Messi Brand; 2) Stand Flagpoles, which sells a range of residential flagpoles and related products direct to consumers; and 3) Corporate, which generates no revenue, but reflects corporate expenses related primarily to being a public company.

Executives

Nicole M. Fernandez-mcgovern	director	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli	officer: CHIEF FINANCIAL OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott	officer: CHIEF FINANCIAL OFFICER	SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda	director, officer: CHIEF EXECUTIVE OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger	director, officer: CHIEF DESIGN OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves	director, officer: CHIEF OPERATING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward	officer: CHIEF MARKETING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346