CLS Holdings USA (XCNQ:CLSH) Days Payable : 93.29 (As of Feb. 2024)

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What is CLS Holdings USA Days Payable?

CLS Holdings USA's average Accounts Payable for the three months ended in Feb. 2024 was C$3.86 Mil. CLS Holdings USA's Cost of Goods Sold for the three months ended in Feb. 2024 was C$3.78 Mil. Hence, CLS Holdings USA's Days Payable for the three months ended in Feb. 2024 was 93.29.

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

XCNQ:CLSH' s Days Payable Range Over the Past 10 Years
Min: 25.79 Med: 33.71 Max: 69.26
Current: 69.26

During the past 11 years, CLS Holdings USA's highest Days Payable was 69.26. The lowest was 25.79. And the median was 33.71.

XCNQ:CLSH's Days Payable is ranked worse than
60.37% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs XCNQ:CLSH: 69.26

CLS Holdings USA's Days Payable increased from Feb. 2023 (69.18) to Feb. 2024 (93.29). It may suggest that CLS Holdings USA delayed paying its suppliers.

CLS Holdings USA Days Payable Historical Data

The historical data trend for CLS Holdings USA'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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CLS Holdings USA Days Payable Chart

CLS Holdings USA Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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45.42

33.14

27.50

32.11

42.98

CLS Holdings USA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															69.18	43.06	69.94	84.08	93.29

Competitive Comparison of CLS Holdings USA's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, CLS Holdings USA'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.

CLS Holdings USA's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where CLS Holdings USA's Days Payable falls into.

CLS Holdings USA 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.

CLS Holdings USA's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (1.818	+	2.425)	/	2 )	/	18.018	*	365
=	2.1215					/	18.018	*	365
=	42.98

CLS Holdings USA's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (4.197	+	3.53)	/	2 )	/	3.779	*	365 / 4
=	3.8635					/	3.779	*	365 / 4
=	93.29

CLS Holdings USA Days Payable Related Terms

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CLS Holdings USA (XCNQ:CLSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CLS Holdings USA Inc (XCNQ:CLSH) » Definitions » Days Payable

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CLSH:USA

Address

1800 Industrial Road, Suite 100, Las Vegas, NV, USA, 89102

Website

https://www.clsholdingsinc.com

CLS Holdings USA Inc is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada and plans to expand to other states. CLS stands for Cannabis Life Sciences in recognition of the company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services. The company generates the majority of its revenues and corresponding accounts receivable from the sale of cannabis, and cannabis related products.