CLVR (Clever Leaves Holdings) Days Payable: 38.00 (As of Dec. 2023)

What is Clever Leaves Holdings Days Payable?

Clever Leaves Holdings CLVR -99.50% 12 Days Payable is 38.00 as of Dec. 2023. GuruFocus rates CLVR with a GF Score™ of 12/100.

Clever Leaves Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $2.08 Mil. Clever Leaves Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.98 Mil. Hence, Clever Leaves Holdings's Days Payable for the three months ended in Dec. 2023 was 38.00.

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

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

Clever Leaves Holdings's Days Payable declined from Dec. 2022 (59.46) to Dec. 2023 (38.00). It may suggest that Clever Leaves Holdings accelerated paying its suppliers.

Clever Leaves Holdings Days Payable Related Terms

Clever Leaves Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Clever Leaves Holdings'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.

Clever Leaves Holdings Days Payable Chart

Clever Leaves Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

260.17

302.69

179.20

124.67

73.30

Clever Leaves Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												59.46	106.61	82.47	106.60	38.00

CLVR vs CNNC, CLSH, PRFX: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Clever Leaves Holdings'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.

Clever Leaves Holdings Days Payable vs Drug Manufacturers Industry

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

* The bar in red indicates where Clever Leaves Holdings's Days Payable falls into.

Save Embed

12GF Score

Clever Leaves Holdings Inc CLVR

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

View Full Analysis

Clever Leaves Holdings 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.

Clever Leaves Holdings'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
=	( (2.299	+	2.063)	/	2 )	/	10.861	*	365
=	2.181					/	10.861	*	365
=	73.30

Clever Leaves Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.088	+	2.063)	/	2 )	/	4.984	*	365 / 4
=	2.0755					/	4.984	*	365 / 4
=	38.00

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 38.00 mean?

Clever Leaves Holdings (CLVR) has a Days Payable of 38.00 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Clever Leaves Holdings and its competitors.

Is Clever Leaves Holdings' Days Payable too high?

Clever Leaves Holdings' current Days Payable is 38.00. The Drug Manufacturers industry median Days Payable is 90.98. Clever Leaves Holdings' value of 38.00 is 58.2% below this industry median. Overall, Clever Leaves Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Clever Leaves Holdings' Days Payable compare to CNNC and CLSH?

Clever Leaves Holdings' Days Payable of 38.00 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.98. Clever Leaves Holdings' value of 38.00 is 58.2% 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 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. Clever Leaves Holdings's current Days Payable of 38.00 is 58.2% 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 Clever Leaves Holdings 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. Clever Leaves Holdings's current Days Payable is 38.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Clever Leaves Holdings stock overvalued right now?

Clever Leaves Holdings (CLVR) has a current Days Payable of 38.00. The current Days Payable is 38.00 and 58.2% below the Drug Manufacturers industry median of 90.98. Clever Leaves Holdings' 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 Clever Leaves Holdings (CLVR), the current Days Payable is 38.00 as of Dec. 2023. 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.

Clever Leaves Holdings Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies CNNC CLSH PRFX AGRX OWPC KOAN ABTI PLSH STEK INQD ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692

Address Bodega 19-B Parque Industrial Tibitoc P.H, Tocancipa, Cundinamarca, Bogota, COL

Website https://www.cleverleaves.com

Clever Leaves Holdings Inc is a producer of pharmaceutical and consumer cannabis brands. The company operates and has investments in Canada, Colombia, Germany, Portugal, and the United States. The company operates in two reportable segments namely, the Cannabinoid segment which is comprised of the company's cultivation, extraction, and commercialization of cannabinoid products; and the Non-Cannabinoid operating segment which generates maximum revenue and is engaged in the business of formulating, manufacturing, marketing, selling, distributing, and otherwise commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements.

12GF Score

Get the complete analysis for CLVR

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00

Price

View CLVR Analysis

See Days Payable data for all stocks →