AKAN (Akanda) Days Payable : 2,944.09 (As of Jun. 2024)

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What is Akanda Days Payable?

Akanda's average Accounts Payable for the six months ended in Jun. 2024 was $4.89 Mil. Akanda's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.30 Mil. Hence, Akanda's Days Payable for the six months ended in Jun. 2024 was 2,944.09.

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

AKAN' s Days Payable Range Over the Past 10 Years
Min: 986.97 Med: 1171.69 Max: 3666.98
Current: 986.97

During the past 5 years, Akanda's highest Days Payable was 3666.98. The lowest was 986.97. And the median was 1171.69.

AKAN's Days Payable is ranked better than
97.01% of 935 companies
in the Drug Manufacturers industry
Industry Median: 86.76 vs AKAN: 986.97

Akanda's Days Payable declined from Jun. 2023 (13,820.39) to Jun. 2024 (2,944.09). It may suggest that Akanda accelerated paying its suppliers.

Akanda Days Payable Historical Data

The historical data trend for Akanda'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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Akanda Days Payable Chart

Akanda Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

1,119.33

3,666.98

1,171.69

Akanda Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			-	-	13,820.39	679.10	2,944.09

Competitive Comparison of Akanda's Days Payable

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

Akanda's Days Payable Distribution in the Drug Manufacturers Industry

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

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

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Akanda 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.

Akanda'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
=	( (7.14	+	6.015)	/	2 )	/	2.049	*	365
=	6.5775					/	2.049	*	365
=	1,171.69

Akanda's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (6.015	+	3.761)	/	2 )	/	0.303	*	365 / 2
=	4.888					/	0.303	*	365 / 2
=	2,944.09

Akanda Days Payable Related Terms

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Akanda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Akanda Corp (NAS:AKAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Y230:Germany

Address

1A, 1B Learoyd Road, New Romney, GBR, TN28 8XU

Website

https://www.akandacorp.com

Akanda Corp is a cannabis cultivation, manufacturing, and distribution company. The Company has three reportable segments: Cultivation, Distribution, and Corporate. Cultivating activities comprise the cultivation segment made up of the medical cannabis cultivation operations at RPK/Holigen in Portugal, and medical cannabis cultivation activities. Distributing activities relate to the distribution of medical cannabis by Canmart Ltd in the United Kingdom. Corporate activities entail head office costs and other general corporate expenses related to the administration of the broader group.