C21 Investments (C21 Investments) Days Payable : 34.55 (As of Oct. 2023)

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What is C21 Investments Days Payable?

C21 Investments's average Accounts Payable for the three months ended in Oct. 2023 was $1.56 Mil. C21 Investments's Cost of Goods Sold for the three months ended in Oct. 2023 was $4.13 Mil. Hence, C21 Investments's Days Payable for the three months ended in Oct. 2023 was 34.55.

The historical rank and industry rank for C21 Investments's Days Payable or its related term are showing as below:

CXXIF' s Days Payable Range Over the Past 10 Years
Min: 19 Med: 36.02 Max: 112.21
Current: 30.91

During the past 13 years, C21 Investments's highest Days Payable was 112.21. The lowest was 19.00. And the median was 36.02.

CXXIF's Days Payable is ranked worse than
89.46% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.23 vs CXXIF: 30.91

C21 Investments's Days Payable declined from Oct. 2022 (38.68) to Oct. 2023 (34.55). It may suggest that C21 Investments accelerated paying its suppliers.

C21 Investments Days Payable Historical Data

The historical data trend for C21 Investments'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.

* Premium members only.

C21 Investments Days Payable Chart

C21 Investments Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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112.63

18.83

29.83

35.87

38.24

C21 Investments Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															38.68	27.27	31.59	33.92	34.55

Competitive Comparison of C21 Investments's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, C21 Investments'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.

C21 Investments's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, C21 Investments's Days Payable distribution charts can be found below:

* The bar in red indicates where C21 Investments's Days Payable falls into.

C21 Investments 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.

C21 Investments's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (1.403	+	1.842)	/	2 )	/	15.487	*	365
=	1.6225					/	15.487	*	365
=	38.24

C21 Investments's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (1.62	+	1.507)	/	2 )	/	4.129	*	365 / 4
=	1.5635					/	4.129	*	365 / 4
=	34.55

C21 Investments Days Payable Related Terms

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C21 Investments (C21 Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » C21 Investments Inc (OTCPK:CXXIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CXXI:Canada

Address

601 West Cordova Street, Suite 280, Vancouver, BC, CAN, V6B 1G1

Website

https://www.cxxi.ca

C21 Investments Inc is a vertically integrated cannabis company. It cultivates, processes, manufactures, and distributes cannabis and hemp-derived consumer products. C21's focus is to expand where the company can wholly own indoor or outdoor cultivation operations, extraction facilities, bakeries, branded products, and retail dispensaries with a large distribution network.