Medical Marijuana (Medical Marijuana) Days Payable : 29.87 (As of Dec. 2017)

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What is Medical Marijuana Days Payable?

Medical Marijuana's average Accounts Payable for the six months ended in Dec. 2017 was $0.66 Mil. Medical Marijuana's Cost of Goods Sold for the six months ended in Dec. 2017 was $8.11 Mil. Hence, Medical Marijuana's Days Payable for the six months ended in Dec. 2017 was 14.93.

The historical rank and industry rank for Medical Marijuana's Days Payable or its related term are showing as below:

MJNA's Days Payable is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 86.3
* Ranked among companies with meaningful Days Payable only.

Medical Marijuana's Days Payable declined from Dec. 2015 (135.50) to Dec. 2017 (29.87). It may suggest that Medical Marijuana accelerated paying its suppliers.

Medical Marijuana Days Payable Historical Data

The historical data trend for Medical Marijuana'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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Medical Marijuana Days Payable Chart

Medical Marijuana Annual Data

Trend

Dec09

Dec10

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

Get a 7-Day Free Trial

14.63

83.75

135.50

111.74

29.87

Medical Marijuana Semi-Annual Data
	Dec09	Dec10	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Days Payable	Get a 7-Day Free Trial			14.63	83.75	135.50	111.74	29.87

Competitive Comparison of Medical Marijuana's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Medical Marijuana'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.

Medical Marijuana's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Medical Marijuana's Days Payable falls into.

Medical Marijuana 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.

Medical Marijuana's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (0.878	+	0.45)	/	2 )	/	8.114	*	365
=	0.664					/	8.114	*	365
=	29.87

Medical Marijuana's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

	Days Payable (Q: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
=	( (0.878	+	0.45)	/	2 )	/	8.114	*	365 / 2
=	0.664					/	8.114	*	365 / 2
=	14.93

Medical Marijuana Days Payable Related Terms

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Medical Marijuana (Medical Marijuana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medical Marijuana Inc (OTCPK:MJNA) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2384 La Mirada Drive, Vista, CA, USA, 92081

Website

https://www.medicalmarijuanainc.com

Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.