CBGI (Cannabusiness Group) Days Payable: 43.97 (As of Dec. 2007)


What is Cannabusiness Group Days Payable?

Cannabusiness Group CBGI -90.00% Days Payable is 43.97 as of Dec. 2007.

Cannabusiness Group's average Accounts Payable for the six months ended in Dec. 2007 was $0.91 Mil. Cannabusiness Group's Cost of Goods Sold for the six months ended in Dec. 2007 was $7.58 Mil. Hence, Cannabusiness Group's Days Payable for the six months ended in Dec. 2007 was 21.99.

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

CBGI's Days Payable is not ranked *
in the Real Estate industry.
Industry Median: 94.38
* Ranked among companies with meaningful Days Payable only.

Cannabusiness Group's Days Payable declined from Dec. 2005 (90.63) to Dec. 2007 (43.97). It may suggest that Cannabusiness Group accelerated paying its suppliers.

Cannabusiness Group Days Payable Historical Data

* Premium members only.

The historical data trend for Cannabusiness Group'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.

Cannabusiness Group Days Payable Chart

Cannabusiness Group Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 90.63 49.86 43.97

Cannabusiness Group Semi-Annual Data
Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 90.63 49.86 43.97

CBGI vs BIEI, BKIT, OPTI: Days Payable Comparison

For the Real Estate Services subindustry, Cannabusiness Group'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.

Cannabusiness Group Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cannabusiness Group's Days Payable distribution charts can be found below:

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


Cannabusiness Group 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.

Cannabusiness Group's Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

Days Payable (A: Dec. 2007 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2006 ) + Accounts Payable (A: Dec. 2007 )) / count ) / Cost of Goods Sold (A: Dec. 2007 )*Days in Period
=( (0.711 + 1.116) / 2 ) / 7.583*365
=0.9135 / 7.583*365
=43.97

Cannabusiness Group's Days Payable for the quarter that ended in Dec. 2007 is calculated as:

Days Payable (Q: Dec. 2007 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2006 ) + Accounts Payable (Q: Dec. 2007 )) / count ) / Cost of Goods Sold (Q: Dec. 2007 )*Days in Period
=( (0.711 + 1.116) / 2 ) / 7.583*365 / 2
=0.9135 / 7.583*365 / 2
=21.99

* 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 43.97 mean?
Cannabusiness Group (CBGI) has a Days Payable of 43.97 as of Dec. 2007. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cannabusiness Group and its competitors.
Is Cannabusiness Group's Days Payable too high?
Cannabusiness Group's current Days Payable is 43.97. The Real Estate industry median Days Payable is 94.38. Cannabusiness Group's value of 43.97 is 53.4% below this industry median.
How does Cannabusiness Group's Days Payable compare to BIEI and BKIT?
Cannabusiness Group's Days Payable of 43.97 can be compared against companies in the Real Estate industry. The industry median Days Payable is 94.38. Cannabusiness Group's value of 43.97 is 53.4% below 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,571 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. Cannabusiness Group's current Days Payable of 43.97 is 53.4% below 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 Cannabusiness Group and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cannabusiness Group's current Days Payable is 43.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabusiness Group stock overvalued right now?
Cannabusiness Group (CBGI) has a current Days Payable of 43.97. The current Days Payable is 43.97 and 53.4% below the Real Estate industry median of 94.38. 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 Cannabusiness Group (CBGI), the current Days Payable is 43.97 as of Dec. 2007. 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.

Cannabusiness Group Business Description

Address 905 Cotting Lane, Suite 160, Vacaville, CA, USA, 95688
Cannabusiness Group Inc is engaged in real estate acquisition, leasing, and management firms whose primary focus is on zoning issues. The company acquires commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial, and Retail.