Cannibble Food Tech (XCNQ:PLCN) Days Payable : 156.43 (As of Dec. 2023)

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What is Cannibble Food Tech Days Payable?

Cannibble Food Tech's average Accounts Payable for the three months ended in Dec. 2023 was C$0.12 Mil. Cannibble Food Tech's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.07 Mil. Hence, Cannibble Food Tech's Days Payable for the three months ended in Dec. 2023 was 156.43.

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

XCNQ:PLCN' s Days Payable Range Over the Past 10 Years
Min: 101.22 Med: 232.18 Max: 304.17
Current: 203.38

During the past 4 years, Cannibble Food Tech's highest Days Payable was 304.17. The lowest was 101.22. And the median was 232.18.

XCNQ:PLCN's Days Payable is ranked better than
83.16% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs XCNQ:PLCN: 203.38

Cannibble Food Tech's Days Payable declined from Dec. 2022 (657.00) to Dec. 2023 (156.43). It may suggest that Cannibble Food Tech accelerated paying its suppliers.

Cannibble Food Tech Days Payable Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech Days Payable Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

304.17

101.22

270.76

193.59

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								657.00	111.15	292.47	958.13	156.43

Competitive Comparison of Cannibble Food Tech's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.

Cannibble Food Tech's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannibble Food Tech's Days Payable falls into.

Cannibble Food Tech 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.

Cannibble Food Tech'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
=	( (0.109	+	0.118)	/	2 )	/	0.214	*	365
=	0.1135					/	0.214	*	365
=	193.59

Cannibble Food Tech'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
=	( (0.122	+	0.118)	/	2 )	/	0.07	*	365 / 4
=	0.12					/	0.07	*	365 / 4
=	156.43

Cannibble Food Tech Days Payable Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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