Althea Group Holdings (Althea Group Holdings) Days Payable : 274.90 (As of Dec. 2023)

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What is Althea Group Holdings Days Payable?

Althea Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $7.18 Mil. Althea Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.77 Mil. Hence, Althea Group Holdings's Days Payable for the six months ended in Dec. 2023 was 274.90.

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

AHGHF' s Days Payable Range Over the Past 10 Years
Min: 146.15 Med: 193.04 Max: 942.92
Current: 314.36

During the past 5 years, Althea Group Holdings's highest Days Payable was 942.92. The lowest was 146.15. And the median was 193.04.

AHGHF's Days Payable is ranked better than
90.01% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs AHGHF: 314.36

Althea Group Holdings's Days Payable increased from Dec. 2022 (258.18) to Dec. 2023 (274.90). It may suggest that Althea Group Holdings delayed paying its suppliers.

Althea Group Holdings Days Payable Historical Data

The historical data trend for Althea Group 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.

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Althea Group Holdings Days Payable Chart

Althea Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

941.94

215.82

151.38

150.97

196.87

Althea Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						154.21	153.68	258.18	305.86	274.90

Competitive Comparison of Althea Group Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Althea Group 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.

Althea Group Holdings's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Althea Group Holdings's Days Payable falls into.

Althea Group 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.

Althea Group Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3.802	+	5.033)	/	2 )	/	8.19	*	365
=	4.4175					/	8.19	*	365
=	196.87

Althea Group 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.033	+	9.322)	/	2 )	/	4.765	*	365 / 2
=	7.1775					/	4.765	*	365 / 2
=	274.90

Althea Group Holdings Days Payable Related Terms

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Althea Group Holdings (Althea Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Althea Group Holdings Ltd (OTCPK:AHGHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AGH:Australia

Address

360 Elizabeth Street, Suite 2, Level 50, Melbourne, VIC, AUS, 3000

Website

https://www.althea.life

Althea Group Holdings Ltd is engaged in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products. It operates in three reportable segments Pharmaceutical Cannabis, Recreational Cannabis, and Corporate in which it generates the majority of its revenue from Pharmaceutical Cannabis. It operates into four geographic segments: Australia, the United Kingdom, Canada, and others. The company earns key revenue from Australia and through the sale of medicinal cannabis products.

Althea Group Holdings (Althea Group Holdings) Headlines

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