Forbidden Spirits Distilling (TSXV:VDKA.H) Days Payable : 715.57 (As of Sep. 2022)

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What is Forbidden Spirits Distilling Days Payable?

Forbidden Spirits Distilling's average Accounts Payable for the three months ended in Sep. 2022 was C$0.77 Mil. Forbidden Spirits Distilling's Cost of Goods Sold for the three months ended in Sep. 2022 was C$0.10 Mil. Hence, Forbidden Spirits Distilling's Days Payable for the three months ended in Sep. 2022 was 715.57.

The historical rank and industry rank for Forbidden Spirits Distilling's Days Payable or its related term are showing as below:

TSXV:VDKA.H's Days Payable is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 79.13
* Ranked among companies with meaningful Days Payable only.

Forbidden Spirits Distilling's Days Payable declined from Sep. 2021 (1,424.10) to Sep. 2022 (715.57). It may suggest that Forbidden Spirits Distilling accelerated paying its suppliers.

Forbidden Spirits Distilling Days Payable Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Days Payable Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Days Payable

410.27

338.31

767.00

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial					1,424.10	664.59	2,045.07	755.70	715.57

Competitive Comparison of Forbidden Spirits Distilling's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Forbidden Spirits Distilling'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.

Forbidden Spirits Distilling's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Forbidden Spirits Distilling's Days Payable distribution charts can be found below:

* The bar in red indicates where Forbidden Spirits Distilling's Days Payable falls into.

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Forbidden Spirits Distilling 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.

Forbidden Spirits Distilling's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.4	+	0.823)	/	2 )	/	0.291	*	365
=	0.6115					/	0.291	*	365
=	767.00

Forbidden Spirits Distilling's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.74	+	0.797)	/	2 )	/	0.098	*	365 / 4
=	0.7685					/	0.098	*	365 / 4
=	715.57

Forbidden Spirits Distilling Days Payable Related Terms

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Forbidden Spirits Distilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W 1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits directly to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky. The company's reportable operating segments include the distilling and sale of spirits, the sale of hand sanitizer and merchandise.

Forbidden Spirits Distilling Headlines

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