Trophy Games Development AS (OCSE:TGAMES) Days Payable : 31.96 (As of Jun. 2024)

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What is Trophy Games Development AS Days Payable?

Trophy Games Development AS's average Accounts Payable for the six months ended in Jun. 2024 was kr3.68 Mil. Trophy Games Development AS's Cost of Goods Sold for the six months ended in Jun. 2024 was kr21.02 Mil. Hence, Trophy Games Development AS's Days Payable for the six months ended in Jun. 2024 was 31.96.

The historical rank and industry rank for Trophy Games Development AS's Days Payable or its related term are showing as below:

OCSE:TGAMES' s Days Payable Range Over the Past 10 Years
Min: 6.93 Med: 15.16 Max: 39.48
Current: 39.48

During the past 5 years, Trophy Games Development AS's highest Days Payable was 39.48. The lowest was 6.93. And the median was 15.16.

OCSE:TGAMES's Days Payable is ranked worse than
63.26% of 430 companies
in the Interactive Media industry
Industry Median: 60.935 vs OCSE:TGAMES: 39.48

Trophy Games Development AS's Days Payable declined from Jun. 2023 (36.15) to Jun. 2024 (31.96). It may suggest that Trophy Games Development AS accelerated paying its suppliers.

Trophy Games Development AS Days Payable Historical Data

The historical data trend for Trophy Games Development AS'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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Trophy Games Development AS Days Payable Chart

Trophy Games Development AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

7.00

6.93

17.48

21.56

15.16

Trophy Games Development AS Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial					23.10	45.49	36.15	33.46	31.96

Competitive Comparison of Trophy Games Development AS's Days Payable

For the Electronic Gaming & Multimedia subindustry, Trophy Games Development AS'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.

Trophy Games Development AS's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Trophy Games Development AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Trophy Games Development AS's Days Payable falls into.

Trophy Games Development AS 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.

Trophy Games Development AS'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
=	( (0.921	+	1.076)	/	2 )	/	24.038	*	365
=	0.9985					/	24.038	*	365
=	15.16

Trophy Games Development AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1.076	+	6.286)	/	2 )	/	21.017	*	365 / 2
=	3.681					/	21.017	*	365 / 2
=	31.96

Trophy Games Development AS Days Payable Related Terms

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Trophy Games Development AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Trophy Games Development AS (OCSE:TGAMES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mikkel Bryggers Gade 4, 2nd Floor, Copenhagen, DNK, 1460

Website

https://www.trophy-games.com

Trophy Games Development AS is a Denmark-based company that develops and publishes mobile and pc games. Its game studio provides endless entertainment and challenging gameplay for all players. The company offers games for mobile, Steam and browser.

Trophy Games Development AS Headlines

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