ASII (Accredited Solutions) Days Payable: 92.45 (As of Sep. 2024)


What is Accredited Solutions Days Payable?

Accredited Solutions ASII Days Payable is 92.45 as of Sep. 2024.

Accredited Solutions's average Accounts Payable for the three months ended in Sep. 2024 was $0.19 Mil. Accredited Solutions's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.19 Mil. Hence, Accredited Solutions's Days Payable for the three months ended in Sep. 2024 was 92.45.

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

ASII's Days Payable is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 57.76
* Ranked among companies with meaningful Days Payable only.

Accredited Solutions's Days Payable declined from Sep. 2023 (106.96) to Sep. 2024 (92.45). It may suggest that Accredited Solutions accelerated paying its suppliers.

Accredited Solutions Days Payable Historical Data

* Premium members only.

The historical data trend for Accredited Solutions'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.

Accredited Solutions Days Payable Chart

Accredited Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.06 20.22 0.00 98.78 87.77

Accredited Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 106.96 125.80 123.07 264.28 92.45

ASII vs NEVIF, KO, PEP: Days Payable Comparison

For the Beverages - Non-Alcoholic subindustry, Accredited Solutions'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.

Accredited Solutions Days Payable vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Accredited Solutions's Days Payable distribution charts can be found below:

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


Accredited Solutions 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.

Accredited Solutions'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
=( (0.105 + 0.16) / 2 ) / 0.551*365
=0.1325 / 0.551*365
=87.77

Accredited Solutions's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0.146 + 0.239) / 2 ) / 0.19*365 / 4
=0.1925 / 0.19*365 / 4
=92.45

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 92.45 mean?
Accredited Solutions (ASII) has a Days Payable of 92.45 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Accredited Solutions and its competitors.
Is Accredited Solutions' Days Payable too high?
Accredited Solutions' current Days Payable is 92.45. The Beverages - Non-Alcoholic industry median Days Payable is 57.76. Accredited Solutions' value of 92.45 is 60.1% above this industry median.
How does Accredited Solutions' Days Payable compare to NEVIF and KO?
Accredited Solutions' Days Payable of 92.45 can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median Days Payable is 57.76. Accredited Solutions' value of 92.45 is 60.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Beverages - Non-Alcoholic company?
The median Days Payable among Beverages - Non-Alcoholic companies is 57.76, based on 113 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Accredited Solutions's current Days Payable of 92.45 is 60.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Accredited Solutions and its competitors. For the Beverages - Non-Alcoholic industry, the median Days Payable is 57.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accredited Solutions's current Days Payable is 92.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accredited Solutions stock overvalued right now?
Accredited Solutions (ASII) has a current Days Payable of 92.45. The current Days Payable is 92.45 and 60.1% above the Beverages - Non-Alcoholic industry median of 57.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Accredited Solutions (ASII), the current Days Payable is 92.45 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Accredited Solutions Business Description

Address 20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031
Accredited Solutions Inc is engaged in providing high alkaline natural spring water through the Diamond Creek brand. Its products' benefits include controlling blood sugar, detoxifying the Body, More Hydrating, Nature's Energy Drink, Powerful Antioxidants, and Helps Balance Bodies pH.