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

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What is MultiMetaVerse Holdings Days Payable?

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:

MMV' s Days Payable Range Over the Past 10 Years
Min: 21.62 Med: 48.33 Max: 78.11
Current: 76.92

During the past 4 years, MultiMetaVerse Holdings's highest Days Payable was 78.11. The lowest was 21.62. And the median was 48.33.

MMV's Days Payable is ranked worse than
51.19% of 926 companies
in the Media - Diversified industry
Industry Median: 79.395 vs MMV: 76.92

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

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.

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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			-	61.63	110.09	61.11	103.13

Competitive Comparison of MultiMetaVerse Holdings's Days Payable

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's Days Payable Distribution in the 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

MultiMetaVerse Holdings Days Payable Related Terms

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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiMetaVerse Holdings Ltd (NAS:MMV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 718, Lingshi Road, Building D3, Jingan District, Shanghai, CHN, 200072

Website

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.