The Good Shroom Co (The Good Shroom Co) Days Payable : 176.01 (As of Jan. 2024)

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What is The Good Shroom Co Days Payable?

The Good Shroom Co's average Accounts Payable for the three months ended in Jan. 2024 was $0.85 Mil. The Good Shroom Co's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.44 Mil. Hence, The Good Shroom Co's Days Payable for the three months ended in Jan. 2024 was 176.01.

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

TGSHF' s Days Payable Range Over the Past 10 Years
Min: 112.95 Med: 142.71 Max: 237.25
Current: 113.05

During the past 3 years, The Good Shroom Co's highest Days Payable was 237.25. The lowest was 112.95. And the median was 142.71.

TGSHF's Days Payable is ranked better than
76.15% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 58.92 vs TGSHF: 113.05

The Good Shroom Co's Days Payable increased from Jan. 2023 (145.04) to Jan. 2024 (176.01). It may suggest that The Good Shroom Co delayed paying its suppliers.

The Good Shroom Co Days Payable Historical Data

The historical data trend for The Good Shroom Co'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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The Good Shroom Co Days Payable Chart

The Good Shroom Co Annual Data

Trend

Jul21

Jul22

Jul23

Days Payable

235.73

143.46

113.98

The Good Shroom Co Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial								145.04	101.48	95.68	99.78	176.01

Competitive Comparison of The Good Shroom Co's Days Payable

For the Beverages - Non-Alcoholic subindustry, The Good Shroom Co'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.

The Good Shroom Co's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Good Shroom Co's Days Payable distribution charts can be found below:

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

The Good Shroom Co 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.

The Good Shroom Co's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.506	+	0.675)	/	2 )	/	1.891	*	365
=	0.5905					/	1.891	*	365
=	113.98

The Good Shroom Co's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.963	+	0.746)	/	2 )	/	0.443	*	365 / 4
=	0.8545					/	0.443	*	365 / 4
=	176.01

The Good Shroom Co Days Payable Related Terms

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The Good Shroom Co (The Good Shroom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (OTCPK:TGSHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.thegoodshroom.co

The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

The Good Shroom Co (The Good Shroom Co) Headlines

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