Glass House Brands (NEOE:GLAS.A.U) Days Payable : 27.37 (As of Dec. 2023)

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What is Glass House Brands Days Payable?

Glass House Brands's average Accounts Payable for the three months ended in Dec. 2023 was $6.1 Mil. Glass House Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $20.3 Mil. Hence, Glass House Brands's Days Payable for the three months ended in Dec. 2023 was 27.37.

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

NEOE:GLAS.A.U' s Days Payable Range Over the Past 10 Years
Min: 26.38 Med: 28.06 Max: 34.88
Current: 34.88

During the past 4 years, Glass House Brands's highest Days Payable was 34.88. The lowest was 26.38. And the median was 28.06.

NEOE:GLAS.A.U's Days Payable is ranked worse than
87.21% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs NEOE:GLAS.A.U: 34.88

Glass House Brands's Days Payable declined from Dec. 2022 (39.56) to Dec. 2023 (27.37). It may suggest that Glass House Brands accelerated paying its suppliers.

Glass House Brands Days Payable Historical Data

The historical data trend for Glass House Brands'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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Glass House Brands Days Payable Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

31.95

26.67

29.44

26.38

Glass House Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											39.56	45.54	42.64	34.31	27.37

Competitive Comparison of Glass House Brands's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands'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.

Glass House Brands's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Glass House Brands's Days Payable falls into.

Glass House Brands 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.

Glass House Brands'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
=	( (6.006	+	5.54)	/	2 )	/	79.867	*	365
=	5.773					/	79.867	*	365
=	26.38

Glass House Brands'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
=	( (6.656	+	5.54)	/	2 )	/	20.332	*	365 / 4
=	6.098					/	20.332	*	365 / 4
=	27.37

Glass House Brands Days Payable Related Terms

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Glass House Brands (NEOE:GLAS.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (NEOE:GLAS.A.U) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLASF:USA 4KF0:Germany

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.

Glass House Brands (NEOE:GLAS.A.U) Headlines

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