Green Innovations (Green Innovations) Days Payable : 63.19 (As of Dec. 2014)

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What is Green Innovations Days Payable?

Green Innovations's average Accounts Payable for the three months ended in Dec. 2014 was $0.72 Mil. Green Innovations's Cost of Goods Sold for the three months ended in Dec. 2014 was $1.03 Mil. Hence, Green Innovations's Days Payable for the three months ended in Dec. 2014 was 63.19.

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

GNIN's Days Payable is not ranked ^*
in the Forest Products industry.
Industry Median: 56.04
* Ranked among companies with meaningful Days Payable only.

Green Innovations's Days Payable increased from Dec. 2013 (9.63) to Dec. 2014 (63.19). It may suggest that Green Innovations delayed paying its suppliers.

Green Innovations Days Payable Historical Data

The historical data trend for Green Innovations'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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Green Innovations Days Payable Chart

Green Innovations Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Payable

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204.99

33.19

56.15

Green Innovations Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Days Payable	Get a 7-Day Free Trial															9.63	10.91	55.76	76.84	63.19

Competitive Comparison of Green Innovations's Days Payable

For the Paper & Paper Products subindustry, Green Innovations'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.

Green Innovations's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Green Innovations's Days Payable distribution charts can be found below:

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

Green Innovations 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.

Green Innovations's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (0.122	+	0.849)	/	2 )	/	3.156	*	365
=	0.4855					/	3.156	*	365
=	56.15

Green Innovations's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

	Days Payable (Q: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2014 )	+	Accounts Payable (Q: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
=	( (0.583	+	0.849)	/	2 )	/	1.034	*	365 / 4
=	0.716					/	1.034	*	365 / 4
=	63.19

Green Innovations Days Payable Related Terms

Thank you for viewing the detailed overview of Green Innovations's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Innovations (Green Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Green Innovations Ltd (GREY:GNIN) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

3208 Chiquita Boulevard S., Suite 216, Cape Coral, FL, USA, 331914

Website

http://www.greeninnovationsltd.com

Green Innovations Ltd is involved in the business of importing and exporting, distributing and selling bamboo based household products and other paper products in North America. Its products include bath tissues, paper towels, napkins, facial tissue, baby wipes etc. The company markets and sells its products under brand names such as Sensa, Clearly Herbal, Noov, Avanti, and Sensational.

Green Innovations (Green Innovations) Headlines

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