Better Choice Co (Better Choice Co) Days Payable

: 63.07 (As of Sep. 2023)

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Better Choice Co's average Accounts Payable for the three months ended in Sep. 2023 was $6.00 Mil. Better Choice Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $8.68 Mil. Hence, Better Choice Co's Days Payable for the three months ended in Sep. 2023 was 63.07.

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

BTTR' s Days Payable Range Over the Past 10 Years
Min: 34.67 Med: 49.52 Max: 24637.5
Current: 54.73

During the past 13 years, Better Choice Co's highest Days Payable was 24637.50. The lowest was 34.67. And the median was 49.52.

BTTR's Days Payable is ranked better than
59.74% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 45.835 vs BTTR: 54.73

Better Choice Co's Days Payable increased from Sep. 2022 (46.55) to Sep. 2023 (63.07). It may suggest that Better Choice Co delayed paying its suppliers.

Better Choice Co Days Payable Historical Data

The historical data trend for Better Choice 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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Better Choice Co Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Days Payable

76.78

49.52

45.81

34.67

Better Choice Co Quarterly Data
	Nov18	Feb19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																46.55	40.70	46.11	48.07	63.07

Competitive Comparison

For the Packaged Foods subindustry, Better Choice 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.

Better Choice Co Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Better Choice Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Better Choice Co's Days Payable falls into.

Better Choice 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.

Better Choice Co'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
=	( (4.553	+	2.932)	/	2 )	/	39.399	*	365
=	3.7425					/	39.399	*	365
=	34.67

Better Choice Co'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
=	( (4.193	+	7.807)	/	2 )	/	8.681	*	365 / 4
=	6					/	8.681	*	365 / 4
=	63.07

Better Choice Co Days Payable Related Terms

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Better Choice Co (Better Choice Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Better Choice Co Inc (AMEX:BTTR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12400 Race Track Road, Tampa, FL, USA, 33626

Website

https://www.betterchoicecompany.com

Better Choice Co Inc is a pet health and wellness portfolio company, offering consumers a wide variety of recognized premium pet products and hemp-derived CBD supplements. Its portfolio includes kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products, supplements and grooming aids. Its core products sold under the Halo brand are sustainably sourced, derived from real whole meat and no rendered meat meal and include non-GMO fruits and vegetables. Its core products sold under the TruDog brand are made according to nutritional philosophy of fresh, meat-based nutrition and minimal processing. The company manages its entire business in one operating segment.

Executives

Michael Young	director	12400 RACE TRACK ROAD, TAMPA FL 33626
Donald Young	officer: EVP, Sales	12400 RACE TRACK ROAD, TAMPA FL 33626
Robert Sauermann	officer: COO	12400 RACE TRACK ROAD, TAMPA FL 33626
Scott Lerner	officer: CEO	12400 RACE TRACK ROAD, TAMPA FL 33626
Sharla A Cook	officer: CFO	12400 RACE TRACK ROAD, TAMPA FL 33626
Word John M Iii	director, 10 percent owner	12400 RACE TRACK ROAD, TAMPA FL 33626
Lionel F. Conacher	director	C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021
Arlene Dickinson	director	12400 RACE TRACK ROAD, TAMPA FL 33626
Gil Fronzaglia	director	12400 RACE TRACK ROAD, TAMPA FL 33626
Jeff D Davis	director	12400 RACE TRACK ROAD, TAMPA FL 33626
Lori Taylor	director	12400 RACE TRACK ROAD, TAMPA FL 33626
David Richard Lelong	director, 10 percent owner, officer: President	70 WASHINGTON ST., APT. 6K, BROOKLYN NY 11201
Michael S Morrow	director, 10 percent owner, officer: Chairman and President	4791 S KINGS ROW DRIVE APT 23, SALT LAKE CITY X1 84117-5993