BYND Cannasoft Enterprises (BYND Cannasoft Enterprises) Days Payable : 86.15 (As of Mar. 2024)

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What is BYND Cannasoft Enterprises Days Payable?

BYND Cannasoft Enterprises's average Accounts Payable for the three months ended in Mar. 2024 was $0.17 Mil. BYND Cannasoft Enterprises's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.18 Mil. Hence, BYND Cannasoft Enterprises's Days Payable for the three months ended in Mar. 2024 was 86.15.

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

BCAN' s Days Payable Range Over the Past 10 Years
Min: 46.85 Med: 53.3 Max: 65.13
Current: 46.85

During the past 3 years, BYND Cannasoft Enterprises's highest Days Payable was 65.13. The lowest was 46.85. And the median was 53.30.

BCAN's Days Payable is ranked worse than
51.96% of 2523 companies
in the Software industry
Industry Median: 49.5 vs BCAN: 46.85

BYND Cannasoft Enterprises's Days Payable increased from Mar. 2023 (26.41) to Mar. 2024 (86.15). It may suggest that BYND Cannasoft Enterprises delayed paying its suppliers.

BYND Cannasoft Enterprises Days Payable Historical Data

The historical data trend for BYND Cannasoft Enterprises'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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BYND Cannasoft Enterprises Days Payable Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

65.29

54.80

53.02

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											26.41	7.55	17.58	34.75	86.15

Competitive Comparison of BYND Cannasoft Enterprises's Days Payable

For the Software - Infrastructure subindustry, BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, BYND Cannasoft Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where BYND Cannasoft Enterprises's Days Payable falls into.

BYND Cannasoft Enterprises 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.

BYND Cannasoft Enterprises'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
=	( (0.029	+	0.118)	/	2 )	/	0.506	*	365
=	0.0735					/	0.506	*	365
=	53.02

BYND Cannasoft Enterprises's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.118	+	0.22)	/	2 )	/	0.179	*	365 / 4
=	0.169					/	0.179	*	365 / 4
=	86.15

BYND Cannasoft Enterprises Days Payable Related Terms

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BYND Cannasoft Enterprises (BYND Cannasoft Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (NAS:BCAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BYND:Canada

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.