NoHo (DRNK) Days Payable : 359.93 (As of Jun. 2017)

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What is NoHo Days Payable?

NoHo's average Accounts Payable for the three months ended in Jun. 2017 was $0.04 Mil. NoHo's Cost of Goods Sold for the three months ended in Jun. 2017 was $0.01 Mil. Hence, NoHo's Days Payable for the three months ended in Jun. 2017 was 359.93.

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

DRNK's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 60.48
* Ranked among companies with meaningful Days Payable only.

NoHo's Days Payable declined from Dec. 2015 (26,165.94) to Jun. 2017 (359.93). It may suggest that NoHo accelerated paying its suppliers.

NoHo Days Payable Historical Data

The historical data trend for NoHo'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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NoHo Days Payable Chart

NoHo Annual Data

Trend

Oct11

Oct12

Dec13

Dec14

Dec15

Dec16

Days Payable

Get a 7-Day Free Trial

271.26

342.78

1,297.64

NoHo Quarterly Data
	Jan12	Apr12	Jul12	Oct12	Jan13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Mar17	Jun17
Days Payable	Get a 7-Day Free Trial														26,165.94	-	-	1,870.63	359.93

Competitive Comparison of NoHo's Days Payable

For the Specialty Chemicals subindustry, NoHo'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.

NoHo's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, NoHo's Days Payable distribution charts can be found below:

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

NoHo 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.

NoHo'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
=	( (0.578	+	0.015)	/	2 )	/	0	*	365
=	0.2965					/	0	*	365
=	N/A

NoHo's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

	Days Payable (Q: Jun. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2017 )	+	Accounts Payable (Q: Jun. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
=	( (0.026	+	0.045)	/	2 )	/	0.009	*	365 / 4
=	0.0355					/	0.009	*	365 / 4
=	359.93

NoHo Days Payable Related Terms

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NoHo (DRNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoHo Inc (OTCPK:DRNK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4701 Orange Dr, Building 19 Unit 28, Davie, Miami, FL, USA, 85258

Website

https://www.smogarmor.com

NoHo Inc develops, markets, sells and distributes a lifestyle beverage category product NOHO, a beverage for hangover defense. The company purchases raw materials and outsources manufacturing to a third party.