Grow Solutions Holdings (Grow Solutions Holdings) Days Payable : 21.78 (As of Dec. 2016)

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What is Grow Solutions Holdings Days Payable?

Grow Solutions Holdings's average Accounts Payable for the three months ended in Dec. 2016 was $0.57 Mil. Grow Solutions Holdings's Cost of Goods Sold for the three months ended in Dec. 2016 was $2.38 Mil. Hence, Grow Solutions Holdings's Days Payable for the three months ended in Dec. 2016 was 21.78.

The historical rank and industry rank for Grow Solutions Holdings's Days Payable or its related term are showing as below:

GRSO's Days Payable is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 72.32
* Ranked among companies with meaningful Days Payable only.

Grow Solutions Holdings's Days Payable declined from Dec. 2015 (60.74) to Dec. 2016 (21.78). It may suggest that Grow Solutions Holdings accelerated paying its suppliers.

Grow Solutions Holdings Days Payable Historical Data

The historical data trend for Grow Solutions Holdings'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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Grow Solutions Holdings Days Payable Chart

Grow Solutions Holdings Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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177.52

62.67

Grow Solutions Holdings Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Days Payable	Get a 7-Day Free Trial															60.74	103.02	67.50	55.10	21.78

Competitive Comparison of Grow Solutions Holdings's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Grow Solutions Holdings'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.

Grow Solutions Holdings's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Grow Solutions Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Grow Solutions Holdings's Days Payable falls into.

Grow Solutions Holdings 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.

Grow Solutions Holdings's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (0.927	+	0.972)	/	2 )	/	5.53	*	365
=	0.9495					/	5.53	*	365
=	62.67

Grow Solutions Holdings's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

	Days Payable (Q: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2016 )	+	Accounts Payable (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (0.166	+	0.972)	/	2 )	/	2.384	*	365 / 4
=	0.569					/	2.384	*	365 / 4
=	21.78

Grow Solutions Holdings Days Payable Related Terms

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Grow Solutions Holdings (Grow Solutions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Grow Solutions Holdings Inc (OTCPK:GRSO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

430 Franklin Village Drive, Franklin, MA, USA, 02038

Website

https://www.aerogrowmanufacturing.com

Grow Solutions Holdings Inc is engaged in the design and manufacture of modular aeroponic vertical farming units that are fully equipped with proprietary monitoring and automation to make growing aeroponically simple and predictable with very little human intervention. The units are mainly used for agricultural products.