MMVVF (MultiMetaVerse Holdings) Days Payable: 103.13 (As of Dec. 2023)

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What is MultiMetaVerse Holdings Days Payable?

MultiMetaVerse Holdings MMVVF +1,300.00% Days Payable is 103.13 as of Dec. 2023.

MultiMetaVerse Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $1.00 Mil. MultiMetaVerse Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.78 Mil. Hence, MultiMetaVerse Holdings's Days Payable for the six months ended in Dec. 2023 was 103.13.

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

MMVVF's Days Payable is not ranked *
in the Media - Diversified industry.
Industry Median: 82.475
* Ranked among companies with meaningful Days Payable only.

MultiMetaVerse Holdings's Days Payable declined from Dec. 2022 (110.09) to Dec. 2023 (103.13). It may suggest that MultiMetaVerse Holdings accelerated paying its suppliers.

MultiMetaVerse Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for MultiMetaVerse Holdings'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.

MultiMetaVerse Holdings Days Payable Chart

MultiMetaVerse Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
21.62 33.83 62.82 78.11

MultiMetaVerse Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 0.00 61.63 110.09 61.11 103.13

MMVVF vs VRHI, LDSN, BLMZ: Days Payable Comparison

For the Entertainment subindustry, MultiMetaVerse Holdings'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.

MultiMetaVerse Holdings Days Payable vs Media - Diversified Industry

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

* The bar in red indicates where MultiMetaVerse Holdings's Days Payable falls into.


MultiMetaVerse Holdings 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.

MultiMetaVerse Holdings'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
=( (1.093 + 1.005) / 2 ) / 4.902*365
=1.049 / 4.902*365
=78.11

MultiMetaVerse Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.001 + 1.005) / 2 ) / 1.775*365 / 2
=1.003 / 1.775*365 / 2
=103.13

* 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 103.13 mean?
MultiMetaVerse Holdings (MMVVF) has a Days Payable of 103.13 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MultiMetaVerse Holdings and its competitors.
Is MultiMetaVerse Holdings' Days Payable too high?
MultiMetaVerse Holdings' current Days Payable is 103.13. The Media - Diversified industry median Days Payable is 82.48. MultiMetaVerse Holdings' value of 103.13 is 25% above this industry median.
How does MultiMetaVerse Holdings' Days Payable compare to VRHI and LDSN?
MultiMetaVerse Holdings' Days Payable of 103.13 can be compared against companies in the Media - Diversified industry. The industry median Days Payable is 82.48. MultiMetaVerse Holdings' value of 103.13 is 25% 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 82.48, based on 912 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. MultiMetaVerse Holdings's current Days Payable of 103.13 is 25% 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 MultiMetaVerse Holdings and its competitors. For the Media - Diversified industry, the median Days Payable is 82.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MultiMetaVerse Holdings's current Days Payable is 103.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MultiMetaVerse Holdings stock overvalued right now?
MultiMetaVerse Holdings (MMVVF) has a current Days Payable of 103.13. The current Days Payable is 103.13 and 25% above the Media - Diversified industry median of 82.48. 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 MultiMetaVerse Holdings (MMVVF), the current Days Payable is 103.13 as of Dec. 2023. 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.

MultiMetaVerse Holdings Business Description

Address 785 Hutai Road, Room 7033, 7th Floor, Tower B, Jingan District, Shanghai, CHN, 200065
MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.