HEXO (HEXO) Days Payable : 88.91 (As of Apr. 2023)

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What is HEXO Days Payable?

HEXO's average Accounts Payable for the three months ended in Apr. 2023 was $22.36 Mil. HEXO's Cost of Goods Sold for the three months ended in Apr. 2023 was $22.95 Mil. Hence, HEXO's Days Payable for the three months ended in Apr. 2023 was 88.91.

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

HEXO' s Days Payable Range Over the Past 10 Years
Min: 88.76 Med: 168.17 Max: 432.43
Current: 88.76

During the past 9 years, HEXO's highest Days Payable was 432.43. The lowest was 88.76. And the median was 168.17.

HEXO's Days Payable is not ranked
in the Drug Manufacturers industry.
Industry Median: 86.23 vs HEXO: 88.76

HEXO's Days Payable declined from Apr. 2022 (109.01) to Apr. 2023 (88.91). It may suggest that HEXO accelerated paying its suppliers.

HEXO Days Payable Historical Data

The historical data trend for HEXO'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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HEXO Days Payable Chart

HEXO Annual Data

Trend

Sep14

Sep15

Sep16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Days Payable

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432.26

104.42

228.05

94.54

HEXO Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Days Payable	Get a 7-Day Free Trial															109.01	79.28	99.71	106.97	88.91

Competitive Comparison of HEXO's Days Payable

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

HEXO's Days Payable Distribution in the Drug Manufacturers Industry

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

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

HEXO 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.

HEXO's Days Payable for the fiscal year that ended in Jul. 2022 is calculated as

	Days Payable (A: Jul. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2021 )	+	Accounts Payable (A: Jul. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2022 )	*	Days in Period
=	( (50.724	+	56.108)	/	2 )	/	206.227	*	365
=	53.416					/	206.227	*	365
=	94.54

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

	Days Payable (Q: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2023 )	+	Accounts Payable (Q: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
=	( (23.938	+	20.776)	/	2 )	/	22.945	*	365 / 4
=	22.357					/	22.945	*	365 / 4
=	88.91

HEXO Days Payable Related Terms

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HEXO (HEXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HEXO Corp (NAS:HEXO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 de la Rive Road, Gatineau, QC, CAN, J8M 1V2

Website

https://www.hexocorp.com

HEXO Corp is engaged in producing and selling cannabis and cannabis products. The company is focused on smoke-free and traditional cannabis products. The firm's products include dried flowers, oils, and vapes. It generates its revenue from various sources such as Beverage Based Adult-Use Sales, Medical, Wholesale and International sales.