Cannabis Strategic Ventures (Cannabis Strategic Ventures) Days Payable : 38.85 (As of Jun. 2020)

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What is Cannabis Strategic Ventures Days Payable?

Cannabis Strategic Ventures's average Accounts Payable for the three months ended in Jun. 2020 was $1.06 Mil. Cannabis Strategic Ventures's Cost of Goods Sold for the three months ended in Jun. 2020 was $2.48 Mil. Hence, Cannabis Strategic Ventures's Days Payable for the three months ended in Jun. 2020 was 38.85.

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

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

Cannabis Strategic Ventures's Days Payable declined from Jun. 2019 (412.61) to Jun. 2020 (38.85). It may suggest that Cannabis Strategic Ventures accelerated paying its suppliers.

Cannabis Strategic Ventures Days Payable Historical Data

The historical data trend for Cannabis Strategic Ventures'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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Cannabis Strategic Ventures Days Payable Chart

Cannabis Strategic Ventures Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Days Payable

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67.80

120.89

Cannabis Strategic Ventures Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Payable	Get a 7-Day Free Trial															412.61	189.47	112.67	295.55	38.85

Competitive Comparison of Cannabis Strategic Ventures's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Strategic Ventures'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.

Cannabis Strategic Ventures's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannabis Strategic Ventures's Days Payable falls into.

Cannabis Strategic Ventures 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.

Cannabis Strategic Ventures's Days Payable for the fiscal year that ended in Mar. 2020 is calculated as

	Days Payable (A: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2019 )	+	Accounts Payable (A: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2020 )	*	Days in Period
=	( (0.146	+	1.106)	/	2 )	/	1.89	*	365
=	0.626					/	1.89	*	365
=	120.89

Cannabis Strategic Ventures's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (1.106	+	1.004)	/	2 )	/	2.478	*	365 / 4
=	1.055					/	2.478	*	365 / 4
=	38.85

Cannabis Strategic Ventures Days Payable Related Terms

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Cannabis Strategic Ventures (Cannabis Strategic Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Strategic Ventures (OTCPK:NUGS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9350 Wilshire Boulevard, Suite 203, Beverly Hills, CA, USA, 90212

Website

https://www.cannabisstrategic.com

Cannabis Strategic Ventures focuses on the medical and legal recreational cannabis sector. It provides temporary, permanent, and long-term staffing solutions, employment and human resources consulting to the legal Cannabis sector.

Executives

Gordon Samson	director, officer: Chief Financial Officer	9595 WILSHIRE BLVD., SUITE 900 BEVERLY HILLS CA 90212
Dane Brown	director, officer: VP, Corporate Development	9595 WILSHIRE BOULEVARD, SUITE 900 BEVERLY HILLS CA 90212
Christopher G Foster	director, officer: CFO, Secretary & Treasurer	5151 E. BROADWAY, SUITE 1600, TUCSON AZ 85711
Robert Hoegler	director, 10 percent owner, officer: President	#604 7040 GRANVILLE AVENUE RICHMOND A1 V6Y 3W5
Floyd Flaman	director, 10 percent owner, officer: SECRETARY/TREASURER	5621 52ND STREET DELTA A1 V4K 2C7
Scott Marshall	director, 10 percent owner, officer: President	2435 WEST 7TH AVENUE VANCOUVER A1 00000