Delota (XCNQ:NIC) Days Payable : 72.94 (As of Oct. 2023)

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What is Delota Days Payable?

Delota's average Accounts Payable for the three months ended in Oct. 2023 was C$3.83 Mil. Delota's Cost of Goods Sold for the three months ended in Oct. 2023 was C$4.79 Mil. Hence, Delota's Days Payable for the three months ended in Oct. 2023 was 72.94.

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

XCNQ:NIC' s Days Payable Range Over the Past 10 Years
Min: 52.18 Med: 143.76 Max: 281.96
Current: 70.62

During the past 9 years, Delota's highest Days Payable was 281.96. The lowest was 52.18. And the median was 143.76.

XCNQ:NIC's Days Payable is ranked better than
55.44% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs XCNQ:NIC: 70.62

Delota's Days Payable declined from Oct. 2022 (73.96) to Oct. 2023 (72.94). It may suggest that Delota accelerated paying its suppliers.

Delota Days Payable Historical Data

The historical data trend for Delota'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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Delota Days Payable Chart

Delota Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

Days Payable

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281.96

216.09

52.18

71.43

Delota Quarterly Data
	Dec18	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															73.96	72.27	70.90	67.89	72.94

Competitive Comparison of Delota's Days Payable

For the Pharmaceutical Retailers subindustry, Delota'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.

Delota's Days Payable Distribution in the Healthcare Providers & Services Industry

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

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

Delota 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.

Delota'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
=	( (2.077	+	3.297)	/	2 )	/	13.731	*	365
=	2.687					/	13.731	*	365
=	71.43

Delota'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
=	( (3.658	+	3.998)	/	2 )	/	4.789	*	365 / 4
=	3.828					/	4.789	*	365 / 4
=	72.94

Delota Days Payable Related Terms

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Delota (XCNQ:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Delota Corp (XCNQ:NIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7941 Jane Street, Unit 2, Concord, ON, CAN, L4K 2M7

Website

http://www.delota.com

Delota Corp is a cannabis and nicotine retailer. The company is engaged in developing retail cannabis and nicotine brands in Canada by growing its retail footprint and developing retail banners. Delota's current retail banners include Offside Cannabis and 180 Smoke.