Grapefruit USA (Grapefruit USA) Days Payable : 1,039.41 (As of Sep. 2023)

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What is Grapefruit USA Days Payable?

Grapefruit USA's average Accounts Payable for the three months ended in Sep. 2023 was $0.99 Mil. Grapefruit USA's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.09 Mil. Hence, Grapefruit USA's Days Payable for the three months ended in Sep. 2023 was 1,039.41.

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

GPFT' s Days Payable Range Over the Past 10 Years
Min: 101.2 Med: 1654.3 Max: 66357
Current: 4157.64

During the past 13 years, Grapefruit USA's highest Days Payable was 66357.00. The lowest was 101.20. And the median was 1654.30.

GPFT's Days Payable is ranked better than
98.05% of 975 companies
in the Drug Manufacturers industry
Industry Median: 88.08 vs GPFT: 4157.64

Grapefruit USA's Days Payable increased from Dec. 2021 (440.33) to Sep. 2023 (1,039.41). It may suggest that Grapefruit USA delayed paying its suppliers.

Grapefruit USA Days Payable Historical Data

The historical data trend for Grapefruit USA'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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Grapefruit USA Days Payable Chart

Grapefruit USA Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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28,430.89

458.31

101.20

300.42

Grapefruit USA Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															440.33	1,298.41	598.48	1,647.57	1,039.41

Competitive Comparison of Grapefruit USA's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Grapefruit USA'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.

Grapefruit USA's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Grapefruit USA 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.

Grapefruit USA's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.807	+	1.035)	/	2 )	/	1.119	*	365
=	0.921					/	1.119	*	365
=	300.42

Grapefruit USA'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: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.164	+	0.818)	/	2 )	/	0.087	*	365 / 4
=	0.991					/	0.087	*	365 / 4
=	1,039.41

Grapefruit USA Days Payable Related Terms

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Grapefruit USA (Grapefruit USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Grapefruit USA Inc (OTCPK:GPFT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10866 Wilshire Boulevard, Suite 225, Los Angeles, CA, USA, 90024

Website

https://grapefruitblvd.com

Grapefruit USA Inc manufactures and distributes cannabis-based products. Its extraction lab produces high-quality distillate or Honey Oil from trim that Grapefruit sources through its Distribution arm. The company is a premier licensed Distributor of all things cannabis throughout the State of California. It serves licensed Medicinal and Recreational Dispensaries. Its patented product is Hourglass Cream. Grapefruit owns and operates a California-licensed cannabis extraction laboratory and wholesale distribution facility in the Coachillin' Canna-Business Park near Palm Springs, California.

Executives

Bradley J Yourist	director, 10 percent owner, officer: Chairman and CEO	10866 WILSHIRE BLVD, #225, LOS ANGELES CA 90024
Daniel J. Yourist	director, 10 percent owner, officer: Board of Directors and COO	10866 WILSHIRE BLVD, SUITE 225, LOS ANGELES CA 90024
Dane Medley	director, officer: CEO/Chairman	10553 CAMARILLO STREET, TOLUCA LAKE CA 91602
Emilio Xavier Aguilera	director, officer: Chief Financial Officer	16827 HALSEY STREET, GRANADA HILLS CA 91344
Dean Janes	officer: CHIEF EXECUTIVE OFFICER	3200 W. VALHALLA DRIVE, BURBANK CA 91505
Christopher Sohn	director, officer: President and COO	3200 W. VALHALLA DRIVE, BURBANK CA 91505
Xavier Aguilera	director, officer: CFO/Treasurer,Exec.V.P.& Secy	3200 W. VALHALLA DRIVE, BURBANK CA 91505
Michele Janes	officer: Vice President of Admin.	3200 W. VALHALLA DRIVE, BURBANK CA 91505