1CM (XCNQ:EPIC) Days Payable : 14.60 (As of Nov. 2023)

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What is 1CM Days Payable?

1CM's average Accounts Payable for the three months ended in Nov. 2023 was C$1.58 Mil. 1CM's Cost of Goods Sold for the three months ended in Nov. 2023 was C$9.86 Mil. Hence, 1CM's Days Payable for the three months ended in Nov. 2023 was 14.60.

The historical rank and industry rank for 1CM's Days Payable or its related term are showing as below:

XCNQ:EPIC' s Days Payable Range Over the Past 10 Years
Min: 14.93 Med: 226.33 Max: 627.95
Current: 26.21

During the past 12 years, 1CM's highest Days Payable was 627.95. The lowest was 14.93. And the median was 226.33.

XCNQ:EPIC's Days Payable is ranked worse than
92.02% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.23 vs XCNQ:EPIC: 26.21

1CM's Days Payable declined from Aug. 2022 (165.62) to Nov. 2023 (14.60). It may suggest that 1CM accelerated paying its suppliers.

1CM Days Payable Historical Data

The historical data trend for 1CM'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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1CM Days Payable Chart

1CM Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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627.95

226.33

14.93

1CM Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															165.62	10.69	28.02	26.13	14.60

Competitive Comparison of 1CM's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, 1CM'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.

1CM's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, 1CM's Days Payable distribution charts can be found below:

* The bar in red indicates where 1CM's Days Payable falls into.

1CM 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.

1CM's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.667	+	1.601)	/	2 )	/	27.732	*	365
=	1.134					/	27.732	*	365
=	14.93

1CM's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.601	+	1.555)	/	2 )	/	9.863	*	365 / 4
=	1.578					/	9.863	*	365 / 4
=	14.60

1CM Days Payable Related Terms

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1CM (XCNQ:EPIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 1CM Inc (XCNQ:EPIC) » Definitions » Days Payable

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MILFF:USA IQ70:Germany

Address

625 Cochrane Drive, Suite 802, Markham, ON, CAN, L3R9R9

Website

https://www.1cminc.com

1CM Inc is a multi-jurisdictional cannabis company focused on it's retail customers and technology to democratize cannabis markets. The Company is focuses on expanding its current operations through organic growth and by way of merger and acquisition transactions.

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