Veritas Farms (Veritas Farms) Days Payable

: 718.03 (As of Sep. 2023)

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Veritas Farms's average Accounts Payable for the three months ended in Sep. 2023 was $1.44 Mil. Veritas Farms's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.18 Mil. Hence, Veritas Farms's Days Payable for the three months ended in Sep. 2023 was 718.03.

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

VFRM' s Days Payable Range Over the Past 10 Years
Min: 28.95 Med: 153 Max: 207.05
Current: 207.05

During the past 7 years, Veritas Farms's highest Days Payable was 207.05. The lowest was 28.95. And the median was 153.00.

VFRM's Days Payable is ranked better than
83.76% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs VFRM: 207.05

Veritas Farms's Days Payable increased from Sep. 2022 (329.65) to Sep. 2023 (718.03). It may suggest that Veritas Farms delayed paying its suppliers.

Veritas Farms Days Payable Historical Data

The historical data trend for Veritas Farms'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.

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

28.95

83.70

200.43

153.00

199.29

Veritas Farms Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																329.65	79.68	706.20	202.49	718.03

Competitive Comparison

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

Veritas Farms Days Payable Distribution

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

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

Veritas Farms 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.

Veritas Farms'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
=	( (1.423	+	1.248)	/	2 )	/	2.446	*	365
=	1.3355					/	2.446	*	365
=	199.29

Veritas Farms's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.228	+	1.652)	/	2 )	/	0.183	*	365 / 4
=	1.44					/	0.183	*	365 / 4
=	718.03

Veritas Farms Days Payable Related Terms

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Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

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