Christina Lake Cannabis (Christina Lake Cannabis) Days Payable : 28.61 (As of Aug. 2023)

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What is Christina Lake Cannabis Days Payable?

Christina Lake Cannabis's average Accounts Payable for the three months ended in Aug. 2023 was $0.57 Mil. Christina Lake Cannabis's Cost of Goods Sold for the three months ended in Aug. 2023 was $1.81 Mil. Hence, Christina Lake Cannabis's Days Payable for the three months ended in Aug. 2023 was 28.61.

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

CLCFF' s Days Payable Range Over the Past 10 Years
Min: 20.12 Med: 23.56 Max: 27
Current: 21.85

During the past 5 years, Christina Lake Cannabis's highest Days Payable was 27.00. The lowest was 20.12. And the median was 23.56.

CLCFF's Days Payable is ranked worse than
94.87% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs CLCFF: 21.85

Christina Lake Cannabis's Days Payable increased from Aug. 2022 (15.67) to Aug. 2023 (28.61). It may suggest that Christina Lake Cannabis delayed paying its suppliers.

Christina Lake Cannabis Days Payable Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis Days Payable Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Days Payable

26.55

20.67

Christina Lake Cannabis Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Days Payable	Get a 7-Day Free Trial															15.67	17.23	23.62	22.36	28.61

Competitive Comparison of Christina Lake Cannabis's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Christina Lake Cannabis'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.

Christina Lake Cannabis's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Christina Lake Cannabis's Days Payable falls into.

Christina Lake Cannabis 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.

Christina Lake Cannabis's Days Payable for the fiscal year that ended in Nov. 2022 is calculated as

	Days Payable (A: Nov. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2021 )	+	Accounts Payable (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (0.235	+	0.362)	/	2 )	/	5.271	*	365
=	0.2985					/	5.271	*	365
=	20.67

Christina Lake Cannabis's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0.752	+	0.381)	/	2 )	/	1.807	*	365 / 4
=	0.5665					/	1.807	*	365 / 4
=	28.61

Christina Lake Cannabis Days Payable Related Terms

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Christina Lake Cannabis (Christina Lake Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.