Madmind Studio (WAR:MMS) Days Payable: 201.04 (As of Mar. 2026) — 2358% Above Median

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WAR:MMS Madmind Studio SA WAR:MMS
48 GF Score
Price zł0.38
GF Value zł1.33
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Madmind Studio Days Payable?

Madmind Studio WAR:MMS -1.03% 48 Days Payable is 201.04 as of Mar. 2026, which is 2358% above its 10-year median of 8.18. GuruFocus rates WAR:MMS with a GF Score™ of 48/100 and a GF Value™ of zł1.33 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 430 Interactive Media companies, Madmind Studio ranks worse than 232557.91% on this metric.

Madmind Studio's average Accounts Payable for the three months ended in Mar. 2026 was zł0.14 Mil. Madmind Studio's Cost of Goods Sold for the three months ended in Mar. 2026 was zł0.06 Mil. Hence, Madmind Studio's Days Payable for the three months ended in Mar. 2026 was 201.04.

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

During the past 5 years, Madmind Studio's highest Days Payable was 8.18. The lowest was 8.18. And the median was 8.18.

WAR:MMS's Days Payable is not ranked *
in the Interactive Media industry.
Industry Median: 65.23
* Ranked among companies with meaningful Days Payable only.

Madmind Studio's Days Payable increased from Mar. 2025 (0.00) to Mar. 2026 (201.04). It may suggest that Madmind Studio delayed paying its suppliers.


Madmind Studio Days Payable Historical Data

* Premium members only.

The historical data trend for Madmind Studio'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.

Madmind Studio Days Payable Chart

Madmind Studio Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
8.18 0.00 0.00 0.00 0.00

Madmind Studio Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 201.04

WAR:MMS vs NTES, EA, TTWO: Days Payable Comparison

For the Electronic Gaming & Multimedia subindustry, Madmind Studio'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.


Madmind Studio Days Payable vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Madmind Studio's Days Payable distribution charts can be found below:

* The bar in red indicates where Madmind Studio's Days Payable falls into.


WAR:MMS
48GF Score
Madmind Studio SA WAR:MMS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madmind Studio 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.

Madmind Studio's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (0.117 + 0.04) / 2 ) / -0.573*365
=0.0785 / -0.573*365
=N/A

Madmind Studio's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0.04 + 0.242) / 2 ) / 0.064*365 / 4
=0.141 / 0.064*365 / 4
=201.04

* 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 201.04 mean?
Madmind Studio (WAR:MMS) has a Days Payable of 201.04 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Madmind Studio and its competitors. This is 2358% above median its historical median of 8.18. Over the past decade, Madmind Studio's Days Payable has ranged from 8.18 to 8.18. According to the industry distribution chart, Madmind Studio ranks #999999 out of 430 companies in the Interactive Media industry.
Is Madmind Studio's Days Payable too high?
Madmind Studio's current Days Payable of 201.04 is 2358% above median its 10-year median of 8.18. Over the past 10 years, this metric has ranged from a low of 8.18 to a high of 8.18. The Interactive Media industry median Days Payable is 65.23. Madmind Studio's value of 201.04 is 208.2% above this industry median. Based on the distribution chart, Madmind Studio ranks #999999 out of 430 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Madmind Studio has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madmind Studio's Days Payable compare to NTES and EA?
According to the Interactive Media industry distribution chart, Madmind Studio ranks #999999 out of 430 companies for Days Payable. This places Madmind Studio in the lower half of its industry. The industry median Days Payable is 65.23. Madmind Studio's value of 201.04 is 208.2% above this benchmark. Historically, Madmind Studio's own Days Payable has ranged from 8.18 to 8.18 over the past decade. While the company's 10-year median is 8.18 vs. the industry median of 65.23, Madmind Studio has consistently been above the industry average. 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 an Interactive Media company?
The median Days Payable among Interactive Media companies is 65.23, based on 430 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. Madmind Studio's current Days Payable of 201.04 is 208.2% 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 Madmind Studio and its competitors. For the Interactive Media industry, the median Days Payable is 65.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madmind Studio's current Days Payable is 201.04, which is 2358% above median its own 10-year median of 8.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madmind Studio stock overvalued right now?
Based on GuruFocus' analysis, Madmind Studio (WAR:MMS) is currently considered Significantly Undervalued. The stock's GF Value™ is zł1.33, compared to a current price of zł0.38 — trading 71.2% below its estimated fair value. The current Days Payable is 201.04, which is 2358% above median its 10-year median of 8.18 and 208.2% above the Interactive Media industry median of 65.23. Madmind Studio's overall GF Score™ is 48/100 with 5 warning signs to review. 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 Madmind Studio (WAR:MMS), the current Days Payable is 201.04 as of Mar. 2026. 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.

Is Madmind Studio (WAR:MMS) Overvalued in 2026?

Based on GuruFocus' analysis, Madmind Studio stock appears to be undervalued. The current stock price of zł0.38 is trading 71.2% below its estimated GF Value™ of zł1.33. GuruFocus considers Madmind Studio to be Significantly Undervalued.

Key valuation signals for WAR:MMS:

  • Days Payable: 201.04 (2358% above median its 10-year median of 8.18)
  • GF Value™: zł1.33 vs. price of zł0.38 (71.2% below fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 208.2% above the Interactive Media median (#999999 of 430)

No single metric tells the full story. See the WAR:MMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Madmind Studio Business Description

Address ul. Grunwaldzka 229, Bydgoszcz, POL, 85-451
Madmind Studio SA is a video game development company. The studio comprises veteran game developers, who have worked on AAA titles such as The Division, Witcher 3, Sniper: Ghost Warrior 2, Alien Rage, Enemy Front, Real Boxing 2, Godfire: Rise of the Prometheus etc.
48GF Score

Get the complete analysis for WAR:MMS

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł0.38
Price
zł1.33
GF Value