MTL Cannabis (FRA:J4E) Days Payable : 92.08 (As of Sep. 2023)

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What is MTL Cannabis Days Payable?

MTL Cannabis's average Accounts Payable for the three months ended in Sep. 2023 was €8.88 Mil. MTL Cannabis's Cost of Goods Sold for the three months ended in Sep. 2023 was €8.80 Mil. Hence, MTL Cannabis's Days Payable for the three months ended in Sep. 2023 was 92.08.

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

FRA:J4E' s Days Payable Range Over the Past 10 Years
Min: 118.38 Med: 243.91 Max: 324.57
Current: 118.38

During the past 3 years, MTL Cannabis's highest Days Payable was 324.57. The lowest was 118.38. And the median was 243.91.

FRA:J4E's Days Payable is ranked better than
79.59% of 49 companies
in the Tobacco Products industry
Industry Median: 45.42 vs FRA:J4E: 118.38

MTL Cannabis's Days Payable declined from Jun. 2022 (233.78) to Sep. 2023 (92.08). It may suggest that MTL Cannabis accelerated paying its suppliers.

MTL Cannabis Days Payable Historical Data

The historical data trend for MTL 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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MTL Cannabis Days Payable Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

243.95

315.83

192.70

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	-	98.03	92.08	97.23

Competitive Comparison of MTL Cannabis's Days Payable

For the Tobacco subindustry, MTL 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.

MTL Cannabis's Days Payable Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, MTL Cannabis's Days Payable distribution charts can be found below:

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

MTL 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.

MTL Cannabis's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.854	+	6.16)	/	2 )	/	11.378	*	365
=	6.007					/	11.378	*	365
=	192.70

MTL Cannabis's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.004	+	9.759)	/	2 )	/	8.801	*	365 / 4
=	8.8815					/	8.801	*	365 / 4
=	92.08

MTL Cannabis Days Payable Related Terms

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MTL Cannabis (FRA:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (FRA:J4E) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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