BGACF (BioNeutra Global) Days Payable: 589.96 (As of Sep. 2024)

What is BioNeutra Global Days Payable?

BioNeutra Global BGACF Days Payable is 589.96 as of Sep. 2024.

BioNeutra Global's average Accounts Payable for the three months ended in Sep. 2024 was $10.55 Mil. BioNeutra Global's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.63 Mil. Hence, BioNeutra Global's Days Payable for the three months ended in Sep. 2024 was 589.96.

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

BGACF's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 43.96
* Ranked among companies with meaningful Days Payable only.

BioNeutra Global's Days Payable declined from Sep. 2023 (799.72) to Sep. 2024 (589.96). It may suggest that BioNeutra Global accelerated paying its suppliers.

BioNeutra Global Days Payable Related Terms

BioNeutra Global Days Payable Historical Data

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The historical data trend for BioNeutra Global'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.

BioNeutra Global Days Payable Chart

BioNeutra Global Annual Data

Trend

Feb14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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159.20

311.77

421.13

502.71

709.95

BioNeutra Global 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															799.72	5,440.92	644.07	724.02	589.96

BGACF vs ARRT, BSFC, RTON: Days Payable Comparison

For the Packaged Foods subindustry, BioNeutra Global'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.

BioNeutra Global Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BioNeutra Global's Days Payable distribution charts can be found below:

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

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BioNeutra Global 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.

BioNeutra Global'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
=	( (11.358	+	9.637)	/	2 )	/	5.397	*	365
=	10.4975					/	5.397	*	365
=	709.95

BioNeutra Global'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
=	( (10.609	+	10.481)	/	2 )	/	1.631	*	365 / 4
=	10.545					/	1.631	*	365 / 4
=	589.96

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 589.96 mean?

BioNeutra Global (BGACF) has a Days Payable of 589.96 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 BioNeutra Global and its competitors.

Is BioNeutra Global's Days Payable too high?

BioNeutra Global's current Days Payable is 589.96. The Consumer Packaged Goods industry median Days Payable is 43.96. BioNeutra Global's value of 589.96 is 1242% above this industry median.

How does BioNeutra Global's Days Payable compare to ARRT and BSFC?

BioNeutra Global's Days Payable of 589.96 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 43.96. BioNeutra Global's value of 589.96 is 1242% 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 Consumer Packaged Goods company?

The median Days Payable among Consumer Packaged Goods companies is 43.96, based on 1,881 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. BioNeutra Global's current Days Payable of 589.96 is 1242% 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 BioNeutra Global and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BioNeutra Global's current Days Payable is 589.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BioNeutra Global stock overvalued right now?

BioNeutra Global (BGACF) has a current Days Payable of 589.96. The current Days Payable is 589.96 and 1242% above the Consumer Packaged Goods industry median of 43.96. 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 BioNeutra Global (BGACF), the current Days Payable is 589.96 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.

BioNeutra Global Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies ARRT BSFC RTON AVRW YCRM NBND SNAX BDPT NGTF AJYG XSWX:NESN XPAR:BN KHC SHSE:603288 JBS GIS K TSE:2802 NSE:NESTLEIND SHSE:600887

Address 1101-1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website https://www.bioneutra.ca

BioNeutra Global Corp is engaged in the research, development, production, and commercialization of food ingredients for neutraceutical, functional and mainstream foods, focusing on oligosaccharides. Its product portfolio provides ingredients for various food systems, that contribute to human nutrition and wellness in functional and healthy foods. Its prime product, VitaFiber IMO, is offered in both powder and syrup form. The company operates in Canada while generating sales revenue from various countries internationally. It has a single industry segment, manufacturing and trading of products. The majority of the revenue is derived from the United States.