Ascend Wellness Holdings (XCNQ:AAWH.U) Days Payable

: 33.35 (As of Dec. 2023)

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Ascend Wellness Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $33.9 Mil. Ascend Wellness Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $92.6 Mil. Hence, Ascend Wellness Holdings's Days Payable for the three months ended in Dec. 2023 was 33.35.

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

XCNQ:AAWH.U' s Days Payable Range Over the Past 10 Years
Min: 11.99 Med: 20.59 Max: 32.45
Current: 25.71

During the past 5 years, Ascend Wellness Holdings's highest Days Payable was 32.45. The lowest was 11.99. And the median was 20.59.

XCNQ:AAWH.U's Days Payable is ranked worse than
92.54% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs XCNQ:AAWH.U: 25.71

Ascend Wellness Holdings's Days Payable increased from Dec. 2022 (25.08) to Dec. 2023 (33.35). It may suggest that Ascend Wellness Holdings delayed paying its suppliers.

Ascend Wellness Holdings Days Payable Historical Data

The historical data trend for Ascend Wellness Holdings'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.

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

32.45

11.99

15.20

25.98

Ascend Wellness Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable													25.08	22.10	20.85	25.84	33.35

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Ascend Wellness Holdings'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.

Ascend Wellness Holdings Days Payable Distribution

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

* The bar in red indicates where Ascend Wellness Holdings's Days Payable falls into.

Ascend Wellness Holdings 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.

Ascend Wellness Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (17.065	+	34.687)	/	2 )	/	363.47	*	365
=	25.876					/	363.47	*	365
=	25.98

Ascend Wellness Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (33.017	+	34.687)	/	2 )	/	92.617	*	365 / 4
=	33.852					/	92.617	*	365 / 4
=	33.35

Ascend Wellness Holdings Days Payable Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

Ascend Wellness Holdings (XCNQ:AAWH.U) Headlines

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