Cresco Labs (FRA:6CQ) Days Payable : 20.36 (As of Sep. 2024)

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What is Cresco Labs Days Payable?

Cresco Labs's average Accounts Payable for the three months ended in Sep. 2024 was €17.4 Mil. Cresco Labs's Cost of Goods Sold for the three months ended in Sep. 2024 was €77.8 Mil. Hence, Cresco Labs's Days Payable for the three months ended in Sep. 2024 was 20.36.

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

FRA:6CQ' s Days Payable Range Over the Past 10 Years
Min: 20.77 Med: 25.03 Max: 92.59
Current: 20.77

During the past 13 years, Cresco Labs's highest Days Payable was 92.59. The lowest was 20.77. And the median was 25.03.

FRA:6CQ's Days Payable is ranked worse than
94.85% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs FRA:6CQ: 20.77

Cresco Labs's Days Payable increased from Sep. 2023 (18.70) to Sep. 2024 (20.36). It may suggest that Cresco Labs delayed paying its suppliers.

Cresco Labs Days Payable Historical Data

The historical data trend for Cresco Labs'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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Cresco Labs Days Payable Chart

Cresco Labs Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.57

39.79

23.66

24.44

25.24

Cresco Labs Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															18.70	23.60	22.25	18.35	20.36

Competitive Comparison of Cresco Labs's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Cresco Labs'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.

Cresco Labs's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Cresco Labs 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.

Cresco Labs'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
=	( (26.52	+	25.297)	/	2 )	/	374.612	*	365
=	25.9085					/	374.612	*	365
=	25.24

Cresco Labs's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (17.453	+	17.259)	/	2 )	/	77.796	*	365 / 4
=	17.356					/	77.796	*	365 / 4
=	20.36

Cresco Labs Days Payable Related Terms

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Cresco Labs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cresco Labs Inc (FRA:6CQ) » Definitions » Days Payable

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CRLBF:USA CL:Canada

Address

400 West Erie Street, Suite 110, Chicago, IL, USA, 60654

Website

https://www.crescolabs.com

Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States licensed to cultivate, manufacture and sell retail and medical cannabis products through Sunnyside, Cresco Labs' national dispensary brand and others. The Company operates in one segment, the cultivation, manufacturing, distribution and sale of cannabis.

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