Delta 9 Cannabis (Delta 9 Cannabis) Days Payable : 15.94 (As of Dec. 2023)

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What is Delta 9 Cannabis Days Payable?

Delta 9 Cannabis's average Accounts Payable for the three months ended in Dec. 2023 was $2.05 Mil. Delta 9 Cannabis's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.73 Mil. Hence, Delta 9 Cannabis's Days Payable for the three months ended in Dec. 2023 was 15.94.

The historical rank and industry rank for Delta 9 Cannabis's Days Payable or its related term are showing as below:

DLTNF' s Days Payable Range Over the Past 10 Years
Min: 11.92 Med: 19.68 Max: 513.49
Current: 18.16

During the past 13 years, Delta 9 Cannabis's highest Days Payable was 513.49. The lowest was 11.92. And the median was 19.68.

DLTNF's Days Payable is ranked worse than
96.41% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.765 vs DLTNF: 18.16

Delta 9 Cannabis's Days Payable increased from Dec. 2022 (11.39) to Dec. 2023 (15.94). It may suggest that Delta 9 Cannabis delayed paying its suppliers.

Delta 9 Cannabis Days Payable Historical Data

The historical data trend for Delta 9 Cannabis'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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Delta 9 Cannabis Days Payable Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.63

11.86

19.89

20.10

16.73

Delta 9 Cannabis 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															11.39	23.56	18.57	17.47	15.94

Competitive Comparison of Delta 9 Cannabis's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Delta 9 Cannabis'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.

Delta 9 Cannabis's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Delta 9 Cannabis's Days Payable distribution charts can be found below:

* The bar in red indicates where Delta 9 Cannabis's Days Payable falls into.

Delta 9 Cannabis 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.

Delta 9 Cannabis'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
=	( (1.861	+	2.008)	/	2 )	/	42.203	*	365
=	1.9345					/	42.203	*	365
=	16.73

Delta 9 Cannabis'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
=	( (2.089	+	2.008)	/	2 )	/	11.727	*	365 / 4
=	2.0485					/	11.727	*	365 / 4
=	15.94

Delta 9 Cannabis Days Payable Related Terms

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Delta 9 Cannabis (Delta 9 Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Days Payable

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Traded in Other Exchanges

V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.