Shiny Health & Wellness (TSXV:SNYB) Days Payable : 126.66 (As of Oct. 2023)

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What is Shiny Health & Wellness Days Payable?

Shiny Health & Wellness's average Accounts Payable for the three months ended in Oct. 2023 was C$3.91 Mil. Shiny Health & Wellness's Cost of Goods Sold for the three months ended in Oct. 2023 was C$2.82 Mil. Hence, Shiny Health & Wellness's Days Payable for the three months ended in Oct. 2023 was 126.66.

The historical rank and industry rank for Shiny Health & Wellness's Days Payable or its related term are showing as below:

TSXV:SNYB' s Days Payable Range Over the Past 10 Years
Min: 64.41 Med: 77.4 Max: 90.38
Current: 85.31

During the past 2 years, Shiny Health & Wellness's highest Days Payable was 90.38. The lowest was 64.41. And the median was 77.40.

TSXV:SNYB's Days Payable is ranked better than
63.44% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs TSXV:SNYB: 85.31

Shiny Health & Wellness's Days Payable increased from Oct. 2022 (61.91) to Oct. 2023 (126.66). It may suggest that Shiny Health & Wellness delayed paying its suppliers.

Shiny Health & Wellness Days Payable Historical Data

The historical data trend for Shiny Health & Wellness'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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Shiny Health & Wellness Days Payable Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Days Payable

90.38

64.41

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial						61.91	67.27	79.31	82.24	126.66

Competitive Comparison of Shiny Health & Wellness's Days Payable

For the Pharmaceutical Retailers subindustry, Shiny Health & Wellness'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.

Shiny Health & Wellness's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shiny Health & Wellness's Days Payable distribution charts can be found below:

* The bar in red indicates where Shiny Health & Wellness's Days Payable falls into.

Shiny Health & Wellness 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.

Shiny Health & Wellness'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
=	( (3.219	+	3.365)	/	2 )	/	18.655	*	365
=	3.292					/	18.655	*	365
=	64.41

Shiny Health & Wellness'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
=	( (3.744	+	4.071)	/	2 )	/	2.815	*	365 / 4
=	3.9075					/	2.815	*	365 / 4
=	126.66

Shiny Health & Wellness Days Payable Related Terms

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Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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