Edible Garden AG (Edible Garden AG) Days Payable : 28.02 (As of Dec. 2023)

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What is Edible Garden AG Days Payable?

Edible Garden AG's average Accounts Payable for the three months ended in Dec. 2023 was $1.17 Mil. Edible Garden AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.80 Mil. Hence, Edible Garden AG's Days Payable for the three months ended in Dec. 2023 was 28.02.

The historical rank and industry rank for Edible Garden AG's Days Payable or its related term are showing as below:

EDBL' s Days Payable Range Over the Past 10 Years
Min: 37.6 Med: 65.22 Max: 77.73
Current: 37.6

During the past 4 years, Edible Garden AG's highest Days Payable was 77.73. The lowest was 37.60. And the median was 65.22.

EDBL's Days Payable is ranked worse than
60.44% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.6 vs EDBL: 37.60

Edible Garden AG's Days Payable declined from Dec. 2022 (43.30) to Dec. 2023 (28.02). It may suggest that Edible Garden AG accelerated paying its suppliers.

Edible Garden AG Days Payable Historical Data

The historical data trend for Edible Garden AG'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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Edible Garden AG Days Payable Chart

Edible Garden AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

77.73

65.22

40.85

Edible Garden AG Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									43.30	64.14	34.21	29.17	28.02

Competitive Comparison of Edible Garden AG's Days Payable

For the Farm Products subindustry, Edible Garden AG'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.

Edible Garden AG's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Edible Garden AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Edible Garden AG's Days Payable falls into.

Edible Garden AG 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.

Edible Garden AG'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
=	( (1.728	+	1.233)	/	2 )	/	13.227	*	365
=	1.4805					/	13.227	*	365
=	40.85

Edible Garden AG'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
=	( (1.102	+	1.233)	/	2 )	/	3.802	*	365 / 4
=	1.1675					/	3.802	*	365 / 4
=	28.02

Edible Garden AG Days Payable Related Terms

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Edible Garden AG (Edible Garden AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Edible Garden AG Inc (NAS:EDBL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

283 County Road 519, Belvidere, NJ, USA, 07823

Website

https://www.ediblegarden.com

Edible Garden AG Inc is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.

Executives

Pamela Donaroma	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
James E. Kras	director, 10 percent owner, officer: President and CEO	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Deborah Pawlowski	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Michael C James	director, 10 percent owner, officer: Chief Financial Officer	2040 MAIN STREET, SUITE 225, IRVINE CA 92614
Tracy A. Nazzaro	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Ryan L. Rogers	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Mathew J. Mcconnell	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823