Sow Good (Sow Good) Days Payable : 11.62 (As of Dec. 2023)

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What is Sow Good Days Payable?

Sow Good's average Accounts Payable for the three months ended in Dec. 2023 was $0.78 Mil. Sow Good's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.14 Mil. Hence, Sow Good's Days Payable for the three months ended in Dec. 2023 was 11.62.

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

SOWG' s Days Payable Range Over the Past 10 Years
Min: 16.46 Med: 547.53 Max: 1360.86
Current: 16.46

During the past 13 years, Sow Good's highest Days Payable was 1360.86. The lowest was 16.46. And the median was 547.53.

SOWG's Days Payable is ranked worse than
90.15% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.55 vs SOWG: 16.46

Sow Good's Days Payable declined from Dec. 2022 (893.24) to Dec. 2023 (11.62). It may suggest that Sow Good accelerated paying its suppliers.

Sow Good Days Payable Historical Data

The historical data trend for Sow Good'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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Sow Good Days Payable Chart

Sow Good Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,360.86

398.18

20.34

Sow Good Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															893.24	404.70	11.28	18.24	11.62

Competitive Comparison of Sow Good's Days Payable

For the Packaged Foods subindustry, Sow Good'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.

Sow Good's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sow Good's Days Payable distribution charts can be found below:

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

Sow Good 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.

Sow Good'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
=	( (0.393	+	0.854)	/	2 )	/	11.189	*	365
=	0.6235					/	11.189	*	365
=	20.34

Sow Good'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.71	+	0.854)	/	2 )	/	6.142	*	365 / 4
=	0.782					/	6.142	*	365 / 4
=	11.62

Sow Good Days Payable Related Terms

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

Sow Good (Sow Good) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sow Good Inc (OTCPK:SOWG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1440 N Union Bower Road, Irving, TX, USA, 75061

Website

https://www.thisissowgood.com

Sow Good Inc is engaged in manufacturing and marketing freeze-dried snacks, smoothies, and soups.

Executives

Joe Mueller	director	6927 ALTAMONTE DRIVE, ROGERS AR 72758
Ira Goldfarb	director, 10 percent owner, officer: Executive Chairman (1)	1918 N. OLIVE ST, DALLAS TX 75201
Brad Berman	director, 10 percent owner	C/O LAKES ENTERTAINMENT, INC., 130 CHESHIRE LANE, MINNETONKA MN 55305
Claudia Goldfarb	director, 10 percent owner, officer: Chief Executive Officer (2)	1918 N. OLIVE STREET, APT. 3302, DALLAS TX 75201
Lyle Berman	director, 10 percent owner	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Timothy James Creed	director	3418 GOLF CLUB LN., NASHVILLE TN 37215
Brad Burke	officer: Interim CFO	4049 PURDUE AVE, DALLAS TX 77225
Chris Ludeman	director	6154 PARK LANE, DALLAS TX 75225
Greg Creed	director	1441 GARDINER LANE, LOUISVILLE KY 40213
S-fdf, Llc	10 percent owner	1440 N. UNION BOWER RD., IRVIN TX 75061
Benjamin S Oehler	director	10275 WAYZATA BLVD. SUITE 100, MINNETONKA MN 55305
Joseph J Lahti	director	2975 SOMERSET LANE, LONG LAKE MN 55356
Kenneth Decubellis	officer: Chief Executive Officer	10275 WAYZATA BOULEVARD, SUITE 310, MINNETONKA MN 55305
Neil I Sell	10 percent owner	3300 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Michael Eisele	officer: Chief Operating Officer	10275 WAYZATA BOULEVARD, MINNETONKA MN 55305