Snail (SNAL) Days Payable : 235.09 (As of Mar. 2024)

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What is Snail Days Payable?

Snail's average Accounts Payable for the three months ended in Mar. 2024 was $31.02 Mil. Snail's Cost of Goods Sold for the three months ended in Mar. 2024 was $12.04 Mil. Hence, Snail's Days Payable for the three months ended in Mar. 2024 was 235.09.

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

SNAL' s Days Payable Range Over the Past 10 Years
Min: 94.89 Med: 136.4 Max: 243.94
Current: 188.8

During the past 5 years, Snail's highest Days Payable was 243.94. The lowest was 94.89. And the median was 136.40.

SNAL's Days Payable is ranked better than
78.52% of 433 companies
in the Interactive Media industry
Industry Median: 61.44 vs SNAL: 188.80

Snail's Days Payable declined from Mar. 2023 (239.57) to Mar. 2024 (235.09). It may suggest that Snail accelerated paying its suppliers.

Snail Days Payable Historical Data

The historical data trend for Snail'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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Snail Days Payable Chart

Snail Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

158.58

94.89

114.21

243.94

Snail Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									239.57	177.46	184.59	158.62	235.09

Competitive Comparison of Snail's Days Payable

For the Electronic Gaming & Multimedia subindustry, Snail'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.

Snail's Days Payable Distribution in the Interactive Media Industry

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

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

Snail 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.

Snail'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
=	( (29.371	+	35.197)	/	2 )	/	48.306	*	365
=	32.284					/	48.306	*	365
=	243.94

Snail's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (35.197	+	26.852)	/	2 )	/	12.042	*	365 / 4
=	31.0245					/	12.042	*	365 / 4
=	235.09

Snail Days Payable Related Terms

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Snail (SNAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snail Inc (NAS:SNAL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12049 Jefferson Boulevard, Culver City, CA, USA, 90230

Website

https://www.snail.com

Snail Inc is a global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PC's and mobile devices. Geographic presence of company is in United States and International majority of its revenue comes from United States.

Executives

Heidy Kingwan Chow	officer: Chief Financial Officer	92 KESTREL, IRVINE CA 92618
Neil Foster	director	320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Hai Shi	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Jim S. Tsai	officer: Chief Executive Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Sandra Pundmann	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Peter Yung Kang	officer: Chief Operating Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Ying Zhou	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Xiaoming Ye	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Qianrong Capital Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Suzhou Ding Rong Investment Management Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Hua Yuan International Ltd	10 percent owner	ROOM 8201, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG K3 999077
Ancient Jade (east) Holdings Ltd	10 percent owner	FLOOR 12 - TOWER D, NO.1 XUANWUMENWAI ST, XICHENG DISTRICT, BEIJING F4 100000