FGHFF (Forte Group Holdings) Days Payable : 10,091.68 (As of Sep. 2024)

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What is Forte Group Holdings Days Payable?

Forte Group Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $1.77 Mil. Forte Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.02 Mil. Hence, Forte Group Holdings's Days Payable for the three months ended in Sep. 2024 was 10,091.68.

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

FGHFF' s Days Payable Range Over the Past 10 Years
Min: 298.73 Med: 757.12 Max: 11058.72
Current: 11058.72

During the past 6 years, Forte Group Holdings's highest Days Payable was 11058.72. The lowest was 298.73. And the median was 757.12.

FGHFF's Days Payable is ranked better than
99.1% of 111 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 59.11 vs FGHFF: 11058.72

Forte Group Holdings's Days Payable increased from Sep. 2023 (2,549.93) to Sep. 2024 (10,091.68). It may suggest that Forte Group Holdings delayed paying its suppliers.

Forte Group Holdings Days Payable Historical Data

The historical data trend for Forte Group Holdings'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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Forte Group Holdings Days Payable Chart

Forte Group Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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781.36

298.66

743.25

2,277.19

Forte Group Holdings 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															2,549.93	5,924.38	38,062.66	24,204.06	10,091.68

Competitive Comparison of Forte Group Holdings's Days Payable

For the Beverages - Non-Alcoholic subindustry, Forte Group Holdings'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.

Forte Group Holdings's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

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

* The bar in red indicates where Forte Group Holdings's Days Payable falls into.

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Forte Group Holdings 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.

Forte Group Holdings'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
=	( (2.843	+	3.895)	/	2 )	/	0.54	*	365
=	3.369					/	0.54	*	365
=	2,277.19

Forte Group Holdings'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
=	( (1.465	+	2.074)	/	2 )	/	0.016	*	365 / 4
=	1.7695					/	0.016	*	365 / 4
=	10,091.68

Forte Group Holdings Days Payable Related Terms

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Forte Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Forte Group Holdings Inc (OTCPK:FGHFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7BC0:Germany FGH:Canada

Address

1108 West 8th Avenue, Vancouver, BC, CAN, V6H 4C8

Website

https://www.bevcanna.com

Forte Group Holdings Inc lifestyle and wellness beverages and nutraceuticals under the flagship TRACE brand, while expanding white-label production for partners. It is also preparing to launch its TRACE BLACKwater products internationally, alongside a new line of proprietary nutraceutical health products in the U.S. under the TRACE brand, its recent acquisition of the U.S.-based direct-to-consumer (DTC) e-commerce and nutraceutical product company.