CGAC (Code Green Apparel) Days Payable: 7,185.94 (As of Sep. 2017)


What is Code Green Apparel Days Payable?

Code Green Apparel CGAC Days Payable is 7,185.94 as of Sep. 2017.

Code Green Apparel's average Accounts Payable for the three months ended in Sep. 2017 was $0.32 Mil. Code Green Apparel's Cost of Goods Sold for the three months ended in Sep. 2017 was $0.00 Mil. Hence, Code Green Apparel's Days Payable for the three months ended in Sep. 2017 was 7,185.94.

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

CGAC's Days Payable is not ranked *
in the Capital Markets industry.
Industry Median: 90.065
* Ranked among companies with meaningful Days Payable only.

Code Green Apparel's Days Payable increased from Sep. 2016 (151.64) to Sep. 2017 (7,185.94). It may suggest that Code Green Apparel delayed paying its suppliers.

Code Green Apparel Days Payable Historical Data

* Premium members only.

The historical data trend for Code Green Apparel'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.

Code Green Apparel Days Payable Chart

Code Green Apparel Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 337.49

Code Green Apparel Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 151.64 380.21 1,273.70 0.00 7,185.94

Code Green Apparel Days Payable Competitor Comparison

For the Capital Markets subindustry, Code Green Apparel'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.

Code Green Apparel Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Code Green Apparel's Days Payable distribution charts can be found below:

* The bar in red indicates where Code Green Apparel's Days Payable falls into.


Code Green Apparel 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.

Code Green Apparel's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (0.161 + 0.342) / 2 ) / 0.272*365
=0.2515 / 0.272*365
=337.49

Code Green Apparel's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable (Q: Sep. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2017 ) + Accounts Payable (Q: Sep. 2017 )) / count ) / Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=( (0.317 + 0.313) / 2 ) / 0.004*365 / 4
=0.315 / 0.004*365 / 4
=7,185.94

* 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 7,185.94 mean?
Code Green Apparel (CGAC) has a Days Payable of 7,185.94 as of Sep. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Code Green Apparel and its competitors.
Is Code Green Apparel's Days Payable too high?
Code Green Apparel's current Days Payable is 7,185.94. The Capital Markets industry median Days Payable is 90.07. Code Green Apparel's value of 7,185.94 is 7878.6% above this industry median.
How does Code Green Apparel's Days Payable compare to competitors?
Code Green Apparel's Days Payable of 7,185.94 can be compared against companies in the Capital Markets industry. The industry median Days Payable is 90.07. Code Green Apparel's value of 7,185.94 is 7878.6% 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 90.07, based on 538 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. Code Green Apparel's current Days Payable of 7,185.94 is 7878.6% 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 Code Green Apparel and its competitors. For the Capital Markets industry, the median Days Payable is 90.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Code Green Apparel's current Days Payable is 7,185.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Code Green Apparel stock overvalued right now?
Code Green Apparel (CGAC) has a current Days Payable of 7,185.94. The current Days Payable is 7,185.94 and 7878.6% above the Capital Markets industry median of 90.07. 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 Code Green Apparel (CGAC), the current Days Payable is 7,185.94 as of Sep. 2017. 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.

Code Green Apparel Business Description

Address 12600 Hill Country Boulevard, Suite R-275, Bee Cave, TX, USA, 78738
Code Green Apparel Corp is a Digital Energy Company. The company focuses on development of containerized and modular AI infrastructure designed to address the growing energy, cooling, and deployment constraints facing AI data centers, as AI infrastructure faces growing constraints driven by power availability and rising electrical costs.