No Gravity Development (WAR:NGD) Days Payable : 120.03 (As of Dec. 2023)

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What is No Gravity Development Days Payable?

No Gravity Development's average Accounts Payable for the three months ended in Dec. 2023 was zł0.17 Mil. No Gravity Development's Cost of Goods Sold for the three months ended in Dec. 2023 was zł0.13 Mil. Hence, No Gravity Development's Days Payable for the three months ended in Dec. 2023 was 120.03.

The historical rank and industry rank for No Gravity Development's Days Payable or its related term are showing as below:

WAR:NGD' s Days Payable Range Over the Past 10 Years
Min: 318.44 Med: 318.44 Max: 683.67
Current: 683.67

During the past 3 years, No Gravity Development's highest Days Payable was 683.67. The lowest was 318.44. And the median was 318.44.

WAR:NGD's Days Payable is ranked better than
91.03% of 435 companies
in the Interactive Media industry
Industry Median: 61.44 vs WAR:NGD: 683.67

No Gravity Development's Days Payable increased from . 20 (0.00) to Dec. 2023 (120.03). It may suggest that No Gravity Development delayed paying its suppliers.

No Gravity Development Days Payable Historical Data

The historical data trend for No Gravity Development'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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No Gravity Development Days Payable Chart

No Gravity Development Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

318.44

No Gravity Development Quarterly Data
	Dec21	Dec22	Dec23
Days Payable	-	358.38	120.03

Competitive Comparison of No Gravity Development's Days Payable

For the Electronic Gaming & Multimedia subindustry, No Gravity Development'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.

No Gravity Development's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, No Gravity Development's Days Payable distribution charts can be found below:

* The bar in red indicates where No Gravity Development's Days Payable falls into.

No Gravity Development 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.

No Gravity Development'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
=	( (0.171	+	0)	/	1 )	/	0.196	*	365
=	0.171					/	0.196	*	365
=	318.44

No Gravity Development'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.171	+	0)	/	1 )	/	0.13	*	365 / 4
=	0.171					/	0.13	*	365 / 4
=	120.03

No Gravity Development Days Payable Related Terms

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No Gravity Development (WAR:NGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » No Gravity Development SA (WAR:NGD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Dzika 15/13, Warszawa, POL, 00-172

Website

https://nogravitydevelopment.com

No Gravity Development SA operates as an independent development studio created by the listed computer game publisher No Gravity Games SA. It specializes mainly in porting (transferring from one hardware platform to another) games while maintaining the highest quality standards, with particular emphasis on console platforms, i.e. Nintendo Switch, Xbox One, Xbox Series, PlayStation 4, and PlayStation 5.