American Cannabis Co (American Cannabis Co) Days Payable : 226.70 (As of Sep. 2023)

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What is American Cannabis Co Days Payable?

American Cannabis Co's average Accounts Payable for the three months ended in Sep. 2023 was $0.87 Mil. American Cannabis Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.35 Mil. Hence, American Cannabis Co's Days Payable for the three months ended in Sep. 2023 was 226.70.

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

AMMJ' s Days Payable Range Over the Past 10 Years
Min: 4.11 Med: 21.74 Max: 75.95
Current: 24.09

During the past 13 years, American Cannabis Co's highest Days Payable was 75.95. The lowest was 4.11. And the median was 21.74.

AMMJ's Days Payable is ranked worse than
73.57% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs AMMJ: 24.09

American Cannabis Co's Days Payable increased from Sep. 2022 (23.58) to Sep. 2023 (226.70). It may suggest that American Cannabis Co delayed paying its suppliers.

American Cannabis Co Days Payable Historical Data

The historical data trend for American Cannabis 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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American Cannabis Co Days Payable Chart

American Cannabis Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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21.29

9.91

4.94

34.13

10.34

American Cannabis Co Quarterly Data
	Dec18	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															23.58	5.25	154.50	150.18	226.70

Competitive Comparison of American Cannabis Co's Days Payable

For the Consulting Services subindustry, American Cannabis 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.

American Cannabis Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, American Cannabis Co's Days Payable distribution charts can be found below:

* The bar in red indicates where American Cannabis Co's Days Payable falls into.

American Cannabis 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.

American Cannabis 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
=	( (0.243	+	0.679)	/	2 )	/	16.272	*	365
=	0.461					/	16.272	*	365
=	10.34

American Cannabis 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
=	( (0.809	+	0.935)	/	2 )	/	0.351	*	365 / 4
=	0.872					/	0.351	*	365 / 4
=	226.70

American Cannabis Co Days Payable Related Terms

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American Cannabis Co (American Cannabis Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » American Cannabis Co Inc (OTCPK:AMMJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Union Street, Suite 200, Lakewood, CO, USA, 80228

Website

https://www.americancannabisconsulting.com

American Cannabis Co Inc is engaged in the cannabis industry in states and countries where cannabis is regulated and/or has been decriminalized for medical use and/or legalized for recreational use. It provides advisory and consulting services specific to this industry, designs industry-specific products and facilities, and manages a strategic group partnership that offers both exclusive and non-exclusive customer products commonly used in the industry. It also is a licensed operator of three medical cannabis dispensaries and a cannabis cultivation facility in Colorado Springs, CO.

Executives

Tyler A Schloesser	officer: Chief Operations Officer	9874 WEST LA SALLE PLACE, LAKEWOOD CO 80227
Ellis Lamar Smith	director, 10 percent owner, officer: Cheif Development Officer	2590 WALNUT ST, DENVER CO 80205
Hollister Corey James Ariel	director, 10 percent owner, officer: Chief Executive Officer	5316 RUSTIC AVE, FIRESTONE CO 80504
David Michael Godfrey	officer: Principal Accounting Officer	5690 LOGAN STREET, DENVER CO 80237
Jon Workman	officer: Vice President	2600 RAY DEAN ROAD, TUCKER AR 72168
Michael Schwanbeck	officer: Chief Financial Officer	555 E. 19TH AVENUE, #2421, DENVER CO 80203
Tad M Mailander	director	4811 49TH STREET, SAN DIEGO CA 92115
Terry Lynn Buffalo	director, officer: CEO	3063 BRIGHTON BLVD, #918, DENVER CO 80216
Jesus Quintero	officer: Former CFO	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Michael A Novielli	director, 10 percent owner	100 MILL PLAIN ROAD, 3RD FLOOR, DANBURY CT 06811
Anthony J Baroud	director, 10 percent owner, officer: Chief Technology Officer	211 EAST CIRCLE AVE, PROSPECT HEIGHTS IL 60070
Themistocles Psomiadis	director, officer: Chief Executive Officer	1420 MIDTOWN AVE, APT 407, MOUNT PLEASANT SC 29464
Villas Boas Andrea Bezerra Arruda	10 percent owner	ALAMEDA UAPIXANA, 278, SAO PAULO D5 04085-030
Douglas Leighton	director	312 STUART ST, BOSTON MA 02116
Donald Brucker	director, 10 percent owner, officer: VP Research & Development	110 WEST C STREET, SUITE 1300, SAN DIEGO CA 92101