Indiva (TSXV:NDVA) Days Payable : 211.91 (As of Mar. 2024)

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What is Indiva Days Payable?

Indiva's average Accounts Payable for the three months ended in Mar. 2024 was C$15.24 Mil. Indiva's Cost of Goods Sold for the three months ended in Mar. 2024 was C$6.56 Mil. Hence, Indiva's Days Payable for the three months ended in Mar. 2024 was 211.91.

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

TSXV:NDVA' s Days Payable Range Over the Past 10 Years
Min: 110.53 Med: 188.19 Max: 2405.22
Current: 190.13

During the past 13 years, Indiva's highest Days Payable was 2405.22. The lowest was 110.53. And the median was 188.19.

TSXV:NDVA's Days Payable is ranked better than
82.1% of 972 companies
in the Drug Manufacturers industry
Industry Median: 89.29 vs TSXV:NDVA: 190.13

Indiva's Days Payable increased from Mar. 2023 (176.29) to Mar. 2024 (211.91). It may suggest that Indiva delayed paying its suppliers.

Indiva Days Payable Historical Data

The historical data trend for Indiva'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.

* Premium members only.

Indiva Days Payable Chart

Indiva Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,405.22

198.56

110.53

142.75

188.19

Indiva Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															176.29	200.37	179.66	189.89	211.91

Competitive Comparison of Indiva's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Indiva'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.

Indiva's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Indiva 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.

Indiva'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
=	( (12.654	+	15.239)	/	2 )	/	27.05	*	365
=	13.9465					/	27.05	*	365
=	188.19

Indiva's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (15.239	+	0)	/	1 )	/	6.562	*	365 / 4
=	15.239					/	6.562	*	365 / 4
=	211.91

Indiva Days Payable Related Terms

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

Indiva (TSXV:NDVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Indiva Ltd (TSXV:NDVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NDVAF:USA T8RP:Germany

Address

333 Preston Street, Suite 710, Ottawa, ON, CAN, K1S 1N4

Website

https://www.indiva.com

Indiva Ltd sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, the company produces and distributes award-winning cannabis products nationally, including Bhang Chocolate, Wana Sour Gummies, Slow Ride Bakery Cookies, Jewels Chewable Tablets, Ruby Cannabis Sugar, Sapphire Cannabis Salt, as well as capsules, pre-rolls and premium flower under the INDIVA and Artisan Batch brands.

Executives

Tweed Inc.

10% Security Holder

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