AppHarvest (AppHarvest) Days Payable : 62.46 (As of Mar. 2023)

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What is AppHarvest Days Payable?

AppHarvest's average Accounts Payable for the three months ended in Mar. 2023 was $23.51 Mil. AppHarvest's Cost of Goods Sold for the three months ended in Mar. 2023 was $34.35 Mil. Hence, AppHarvest's Days Payable for the three months ended in Mar. 2023 was 62.46.

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

APPWQ' s Days Payable Range Over the Past 10 Years
Min: 42.64 Med: 60.69 Max: 78.74
Current: 77.07

During the past 3 years, AppHarvest's highest Days Payable was 78.74. The lowest was 42.64. And the median was 60.69.

APPWQ's Days Payable is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 45.62 vs APPWQ: 77.07

AppHarvest's Days Payable declined from Mar. 2022 (76.34) to Mar. 2023 (62.46). It may suggest that AppHarvest accelerated paying its suppliers.

AppHarvest Days Payable Historical Data

The historical data trend for AppHarvest'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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AppHarvest Days Payable Chart

AppHarvest Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

43.06

80.45

AppHarvest Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial								76.34	80.12	164.44	52.68	62.46

Competitive Comparison of AppHarvest's Days Payable

For the Farm Products subindustry, AppHarvest'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.

AppHarvest's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

AppHarvest 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.

AppHarvest'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
=	( (8.553	+	16.571)	/	2 )	/	56.995	*	365
=	12.562					/	56.995	*	365
=	80.45

AppHarvest's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (16.571	+	30.445)	/	2 )	/	34.345	*	365 / 4
=	23.508					/	34.345	*	365 / 4
=	62.46

AppHarvest Days Payable Related Terms

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AppHarvest (AppHarvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AppHarvest Inc (OTCPK:APPWQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Appalachian Way, Morehead, KY, USA, 40351

Website

https://www.appharvest.com

AppHarvest Inc operates in the agriculture sector. It is an agriculture technology company. The company is engaged in developing and operating controlled environment indoor farms.