Global Health Clinics (XCNQ:MJRX) Days Payable : 15,362.59 (As of Jan. 2024)

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What is Global Health Clinics Days Payable?

Global Health Clinics's average Accounts Payable for the three months ended in Jan. 2024 was C$1.18 Mil. Global Health Clinics's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.01 Mil. Hence, Global Health Clinics's Days Payable for the three months ended in Jan. 2024 was 15,362.59.

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

XCNQ:MJRX' s Days Payable Range Over the Past 10 Years
Min: 325.23 Med: 4803.24 Max: 17944.73
Current: 17944.73

During the past 11 years, Global Health Clinics's highest Days Payable was 17944.73. The lowest was 325.23. And the median was 4803.24.

XCNQ:MJRX's Days Payable is ranked better than
99.18% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.765 vs XCNQ:MJRX: 17944.73

Global Health Clinics's Days Payable declined from Jan. 2023 (15,485.13) to Jan. 2024 (15,362.59). It may suggest that Global Health Clinics accelerated paying its suppliers.

Global Health Clinics Days Payable Historical Data

The historical data trend for Global Health Clinics'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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Global Health Clinics Days Payable Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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325.23

795.26

4,803.24

9,313.39

15,188.98

Global Health Clinics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															15,485.13	14,904.17	16,242.50	33,519.17	15,362.59

Competitive Comparison of Global Health Clinics's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Global Health Clinics'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.

Global Health Clinics's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Global Health Clinics's Days Payable falls into.

Global Health Clinics 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.

Global Health Clinics'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
=	( (0.74	+	1.091)	/	2 )	/	0.022	*	365
=	0.9155					/	0.022	*	365
=	15,188.98

Global Health Clinics'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
=	( (1.113	+	1.244)	/	2 )	/	0.007	*	365 / 4
=	1.1785					/	0.007	*	365 / 4
=	15,362.59

Global Health Clinics Days Payable Related Terms

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Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

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