Can B (CANB) Days Payable : 575.25 (As of Sep. 2024)

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What is Can B Days Payable?

Can B's average Accounts Payable for the three months ended in Sep. 2024 was $2.62 Mil. Can B's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.42 Mil. Hence, Can B's Days Payable for the three months ended in Sep. 2024 was 575.25.

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

CANB' s Days Payable Range Over the Past 10 Years
Min: 91.1 Med: 192.85 Max: 803
Current: 715.79

During the past 13 years, Can B's highest Days Payable was 803.00. The lowest was 91.10. And the median was 192.85.

CANB's Days Payable is ranked better than
95.48% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs CANB: 715.79

Can B's Days Payable increased from Sep. 2023 (285.19) to Sep. 2024 (575.25). It may suggest that Can B delayed paying its suppliers.

Can B Days Payable Historical Data

The historical data trend for Can B'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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Can B Days Payable Chart

Can B Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.10

249.46

149.10

192.85

516.42

Can B 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															285.19	-	161.01	334.74	575.25

Competitive Comparison of Can B's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Can B'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.

Can B's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Can B's Days Payable falls into.

Can B 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.

Can B'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
=	( (3.14	+	1.945)	/	2 )	/	1.797	*	365
=	2.5425					/	1.797	*	365
=	516.42

Can B'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
=	( (2.614	+	2.631)	/	2 )	/	0.416	*	365 / 4
=	2.6225					/	0.416	*	365 / 4
=	575.25

Can B Days Payable Related Terms

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Can B Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Can B Corp (OTCPK:CANB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

960 South Broadway, Suite 120, Hicksville, NY, USA, 11801

Website

https://www.canbiola.com

Can B Corp is engaged in the business of promoting health and wellness through its development, manufacture and sale of products containing cannabinoids derived from hemp biomass and the licensing of durable medical devices. The company focuses on developing a line of proprietary products in the Hemp Industry.

Executives

Mckenzie Webster Ltd	10 percent owner	DMS HOUSE, DR. ROYCE DRIVE, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Stanley L Teeple	director, officer: CFO, Director, and Secretary	94 ARTHUR HILL COURT, HENDERSON NV 89014
Andrew Holtmeyer	officer: EVP Business Development	65 LAUREN AVE, SUITE 301, HUNTINGTON STATION NY 11746
Heggenhougen Rolv	director	90 NORTH CHURCH STREET, GEORGETOWN E9 KY1-1102
David J Posel	officer: COO	6103 CARMEL LN SE, LACEY WA 98503
Rolv Heggenhougen	10 percent owner	445 NE 12TH AVENUE, FORT LAUDERDALE FL 33301
Marco Alfonsi	director, 10 percent owner, officer: CEO, Board Member	44 EAST END AVENUE, HICKSVILLE NY 11801
Carl Dilley	director	15500 ROOSEVELT BLVD., SUITE 301, CLEARWATER FL 33760