Glow LifeTech (XCNQ:GLOW) Days Payable : 12,600.10 (As of Sep. 2023)

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What is Glow LifeTech Days Payable?

Glow LifeTech's average Accounts Payable for the three months ended in Sep. 2023 was C$0.83 Mil. Glow LifeTech's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.01 Mil. Hence, Glow LifeTech's Days Payable for the three months ended in Sep. 2023 was 12,600.10.

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

XCNQ:GLOW' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 39407.83
Current: 39407.83

During the past 4 years, Glow LifeTech's highest Days Payable was 39407.83. The lowest was 0.00. And the median was 0.00.

XCNQ:GLOW's Days Payable is ranked better than
97.79% of 724 companies
in the Biotechnology industry
Industry Median: 148.12 vs XCNQ:GLOW: 39407.83

Glow LifeTech's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (12,600.10). It may suggest that Glow LifeTech delayed paying its suppliers.

Glow LifeTech Days Payable Historical Data

The historical data trend for Glow LifeTech'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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Glow LifeTech Days Payable Chart

Glow LifeTech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

Glow LifeTech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial														-	-	-	-	12,600.10

Competitive Comparison of Glow LifeTech's Days Payable

For the Biotechnology subindustry, Glow LifeTech'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.

Glow LifeTech's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Glow LifeTech's Days Payable distribution charts can be found below:

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

Glow LifeTech 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.

Glow LifeTech's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.176	+	0.502)	/	2 )	/	0	*	365
=	0.339					/	0	*	365
=	N/A

Glow LifeTech's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.752	+	0.905)	/	2 )	/	0.006	*	365 / 4
=	0.8285					/	0.006	*	365 / 4
=	12,600.10

Glow LifeTech Days Payable Related Terms

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Glow LifeTech (XCNQ:GLOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Glow LifeTech Corp (XCNQ:GLOW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLWLF:USA 9DO:Germany

Address

65 International Boulevard, Suite 206, Etobicoke, ON, CAN, M9W 6L9

Website

https://www.glowlifetech.com

Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.

Executives

Daniel Proska

Director

Glow LifeTech (XCNQ:GLOW) Headlines

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