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


What is Grapefruit USA Days Payable?

Grapefruit USA GPFT -0.67% Days Payable is 1,039.41 as of Sep. 2023.

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

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

* Premium members only.

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.

Grapefruit USA Days Payable Chart

Grapefruit USA Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28,430.89 0.00 458.31 101.20 300.42

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 440.33 1,298.41 598.48 1,647.57 1,039.41

GPFT vs KAYS, KOAN, MJNE: Days Payable Comparison

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 Days Payable vs 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

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 1,039.41 mean?
Grapefruit USA (GPFT) has a Days Payable of 1,039.41 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Grapefruit USA and its competitors.
Is Grapefruit USA's Days Payable too high?
Grapefruit USA's current Days Payable is 1,039.41. The Drug Manufacturers industry median Days Payable is 90.98. Grapefruit USA's value of 1,039.41 is 1042.5% above this industry median.
How does Grapefruit USA's Days Payable compare to KAYS and KOAN?
Grapefruit USA's Days Payable of 1,039.41 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.98. Grapefruit USA's value of 1,039.41 is 1042.5% above 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. Grapefruit USA's current Days Payable of 1,039.41 is 1042.5% above 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 Grapefruit USA 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. Grapefruit USA's current Days Payable is 1,039.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grapefruit USA stock overvalued right now?
Grapefruit USA (GPFT) has a current Days Payable of 1,039.41. The current Days Payable is 1,039.41 and 1042.5% above the Drug Manufacturers industry median of 90.98. 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 Grapefruit USA (GPFT), the current Days Payable is 1,039.41 as of Sep. 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.

Grapefruit USA Business Description

Address 10850 Wilshire Boulevard, Suite 710, Los Angeles, CA, USA, 90024
Grapefruit USA Inc currently has no operations. It is actively seeking a strategic merger partner with the goal of completing a business combination.