GRAM (Gold Flora) Days Payable: 100.19 (As of Sep. 2024)


What is Gold Flora Days Payable?

Gold Flora GRAM -90.00% Days Payable is 100.19 as of Sep. 2024.

Gold Flora's average Accounts Payable for the three months ended in Sep. 2024 was $21.0 Mil. Gold Flora's Cost of Goods Sold for the three months ended in Sep. 2024 was $19.1 Mil. Hence, Gold Flora's Days Payable for the three months ended in Sep. 2024 was 100.19.

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

GRAM's Days Payable is not ranked *
in the Tobacco Products industry.
Industry Median: 54
* Ranked among companies with meaningful Days Payable only.

Gold Flora's Days Payable increased from Sep. 2023 (55.66) to Sep. 2024 (100.19). It may suggest that Gold Flora delayed paying its suppliers.

Gold Flora Days Payable Historical Data

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The historical data trend for Gold Flora'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.

Gold Flora Days Payable Chart

Gold Flora Annual Data
Trend Dec22 Dec23
Days Payable
59.13 66.88

Gold Flora Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only 55.66 77.73 59.45 67.95 100.19

GRAM vs PM, MO, TPB: Days Payable Comparison

For the Tobacco subindustry, Gold Flora'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.

Gold Flora Days Payable vs Tobacco Products Industry

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

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


Gold Flora 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.

Gold Flora'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
=( (8.094 + 13.339) / 2 ) / 58.49*365
=10.7165 / 58.49*365
=66.88

Gold Flora'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
=( (20.842 + 21.185) / 2 ) / 19.138*365 / 4
=21.0135 / 19.138*365 / 4
=100.19

* 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 100.19 mean?
Gold Flora (GRAM) has a Days Payable of 100.19 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Gold Flora and its competitors.
Is Gold Flora's Days Payable too high?
Gold Flora's current Days Payable is 100.19. The Tobacco Products industry median Days Payable is 54.00. Gold Flora's value of 100.19 is 85.5% above this industry median.
How does Gold Flora's Days Payable compare to PM and MO?
Gold Flora's Days Payable of 100.19 can be compared against companies in the Tobacco Products industry. The industry median Days Payable is 54.00. Gold Flora's value of 100.19 is 85.5% 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 Tobacco Products company?
The median Days Payable among Tobacco Products companies is 54.00, based on 47 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. Gold Flora's current Days Payable of 100.19 is 85.5% 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 Gold Flora and its competitors. For the Tobacco Products industry, the median Days Payable is 54.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold Flora's current Days Payable is 100.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Flora stock overvalued right now?
Gold Flora (GRAM) has a current Days Payable of 100.19. The current Days Payable is 100.19 and 85.5% above the Tobacco Products industry median of 54.00. 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 Gold Flora (GRAM), the current Days Payable is 100.19 as of Sep. 2024. 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.

Gold Flora Business Description

Address 3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626
Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail, and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.