Aleafia Health (Aleafia Health) Days Payable : 81.08 (As of Mar. 2023)

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What is Aleafia Health Days Payable?

Aleafia Health's average Accounts Payable for the three months ended in Mar. 2023 was $7.39 Mil. Aleafia Health's Cost of Goods Sold for the three months ended in Mar. 2023 was $8.31 Mil. Hence, Aleafia Health's Days Payable for the three months ended in Mar. 2023 was 81.08.

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

ALEAF's Days Payable is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 86.915
* Ranked among companies with meaningful Days Payable only.

Aleafia Health's Days Payable declined from Sep. 2021 (171.82) to Mar. 2023 (81.08). It may suggest that Aleafia Health accelerated paying its suppliers.

Aleafia Health Days Payable Historical Data

The historical data trend for Aleafia Health'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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Aleafia Health Days Payable Chart

Aleafia Health Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Oct17

Dec18

Dec19

Dec20

Mar23

Days Payable

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166.91

1,412.45

141.90

147.15

Aleafia Health Quarterly Data
	Oct17	Jan18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															171.82	309.13	-	46.19	81.08

Competitive Comparison of Aleafia Health's Days Payable

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

Aleafia Health's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Aleafia Health 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.

Aleafia Health's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (15.801	+	5.913)	/	2 )	/	26.93	*	365
=	10.857					/	26.93	*	365
=	147.15

Aleafia Health's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (8.857	+	5.913)	/	2 )	/	8.311	*	365 / 4
=	7.385					/	8.311	*	365 / 4
=	81.08

Aleafia Health Days Payable Related Terms

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Aleafia Health (Aleafia Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aleafia Health Inc (OTCPK:ALEAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

85 Basaltic Road, Concord, ON, CAN, L4K 1G4

Website

https://www.aleafiahealth.com

Aleafia Health Inc is a vertically integrated cannabis health and wellness company which owns three cannabis product and cultivation facilities where it produces a diverse portfolio of commercially high-margin derivative products including oils, capsules and sprays. The company operates national network of medical cannabis clinics and has seen over 60,000 patients to date.