Trees (CANN) Days Payable: 120.58 (As of Sep. 2024)


CANN Trees Corp CANN
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What is Trees Days Payable?

Trees CANN -20.39% 12 Days Payable is 120.58 as of Sep. 2024. GuruFocus rates CANN with a GF Score™ of 12/100.

Trees's average Accounts Payable for the three months ended in Sep. 2024 was $2.59 Mil. Trees's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.96 Mil. Hence, Trees's Days Payable for the three months ended in Sep. 2024 was 120.58.

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

CANN's Days Payable is not ranked *
in the Drug Manufacturers industry.
Industry Median: 90.98
* Ranked among companies with meaningful Days Payable only.

Trees's Days Payable increased from Sep. 2023 (113.83) to Sep. 2024 (120.58). It may suggest that Trees delayed paying its suppliers.

Trees Days Payable Historical Data

* Premium members only.

The historical data trend for Trees'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.

Trees Days Payable Chart

Trees 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 74.27 253.71 68.82 36.83 42.15

Trees 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 113.83 66.91 91.21 144.34 120.58

CANN vs RAPH, LIFD, SHPH: Days Payable Comparison

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

Trees Days Payable vs Drug Manufacturers Industry

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

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


CANN
12GF Score
Trees Corp CANN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Trees 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.

Trees'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
=( (1.109 + 1.562) / 2 ) / 11.565*365
=1.3355 / 11.565*365
=42.15

Trees'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
=( (2.523 + 2.649) / 2 ) / 1.957*365 / 4
=2.586 / 1.957*365 / 4
=120.58

* 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 120.58 mean?
Trees (CANN) has a Days Payable of 120.58 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 Trees and its competitors.
Is Trees' Days Payable too high?
Trees' current Days Payable is 120.58. The Drug Manufacturers industry median Days Payable is 90.98. Trees' value of 120.58 is 32.5% above this industry median. Overall, Trees has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Trees' Days Payable compare to RAPH and LIFD?
Trees' Days Payable of 120.58 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.98. Trees' value of 120.58 is 32.5% 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 Drug Manufacturers company?
The median Days Payable among Drug Manufacturers companies is 90.98, based on 923 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. Trees's current Days Payable of 120.58 is 32.5% 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 Trees and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trees's current Days Payable is 120.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trees stock overvalued right now?
Trees (CANN) has a current Days Payable of 120.58. The current Days Payable is 120.58 and 32.5% above the Drug Manufacturers industry median of 90.98. Trees' overall GF Score™ is 12/100. 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 Trees (CANN), the current Days Payable is 120.58 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.

Trees Business Description

Address 10030 W 27th Avenue, Wheat Ridge, CO, USA, 80215
Trees Corp is a vertically integrated cannabis company and multi-state operator in the United States. It has two segments Retail and Cultivation. It is pursuing a roll-up plan of licensed assets in mature markets while maintaining loyal, local customer bases. TREES owns and operates a light-deprivation greenhouse and a campus of indoor cultivation facilities in Boulder, dispensaries in Englewood, Longmont, and Berthoud, Colorado, and three dispensaries in Portland, Oregon.
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