Gorilla Technology Group (Gorilla Technology Group) Days Payable : 293.12 (As of Jun. 2023)

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What is Gorilla Technology Group Days Payable?

Gorilla Technology Group's average Accounts Payable for the six months ended in Jun. 2023 was $5.22 Mil. Gorilla Technology Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $3.25 Mil. Hence, Gorilla Technology Group's Days Payable for the six months ended in Jun. 2023 was 293.12.

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

GRRR' s Days Payable Range Over the Past 10 Years
Min: 62.57 Med: 85.85 Max: 322.93
Current: 322.93

During the past 5 years, Gorilla Technology Group's highest Days Payable was 322.93. The lowest was 62.57. And the median was 85.85.

GRRR's Days Payable is ranked better than
89.79% of 2528 companies
in the Software industry
Industry Median: 50.5 vs GRRR: 322.93

Gorilla Technology Group's Days Payable increased from Jun. 2022 (170.85) to Jun. 2023 (293.12). It may suggest that Gorilla Technology Group delayed paying its suppliers.

Gorilla Technology Group Days Payable Historical Data

The historical data trend for Gorilla Technology Group'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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Gorilla Technology Group Days Payable Chart

Gorilla Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

62.57

70.00

101.70

191.11

161.90

Gorilla Technology Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				71.50	170.85	299.27	293.12	-

Competitive Comparison of Gorilla Technology Group's Days Payable

For the Software - Infrastructure subindustry, Gorilla Technology Group'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.

Gorilla Technology Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Gorilla Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Gorilla Technology Group's Days Payable falls into.

Gorilla Technology Group 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.

Gorilla Technology Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8.061	+	6.675)	/	2 )	/	14.072	*	365
=	7.368					/	14.072	*	365
=	191.11

Gorilla Technology Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.675	+	3.765)	/	2 )	/	3.25	*	365 / 2
=	5.22					/	3.25	*	365 / 2
=	293.12

Gorilla Technology Group Days Payable Related Terms

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Gorilla Technology Group (Gorilla Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gorilla Technology Group Inc (NAS:GRRR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meridien House, 42 Upper Berkeley Street, Marble Arch, London, GBR, W1H 5QJ

Website

https://www.gorilla-technology.com

Gorilla Technology Group Inc is primarily engaged in providing information, software, and data processing services. It is a provider of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology (OT) security solutions and services. Its reportable segments are video IoT and security convergence and Other segments.