GWAYF (Greenway Greenhouse Cannabis) Days Payable : 98.22 (As of Dec. 2024)

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What is Greenway Greenhouse Cannabis Days Payable?

Greenway Greenhouse Cannabis's average Accounts Payable for the three months ended in Dec. 2024 was $1.08 Mil. Greenway Greenhouse Cannabis's Cost of Goods Sold for the three months ended in Dec. 2024 was $1.00 Mil. Hence, Greenway Greenhouse Cannabis's Days Payable for the three months ended in Dec. 2024 was 98.22.

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

GWAYF' s Days Payable Range Over the Past 10 Years
Min: 71.3 Med: 205.26 Max: 253.7
Current: 71.3

During the past 4 years, Greenway Greenhouse Cannabis's highest Days Payable was 253.70. The lowest was 71.30. And the median was 205.26.

GWAYF's Days Payable is ranked worse than
58.55% of 941 companies
in the Drug Manufacturers industry
Industry Median: 85.92 vs GWAYF: 71.30

Greenway Greenhouse Cannabis's Days Payable increased from Dec. 2023 (0.00) to Dec. 2024 (98.22). It may suggest that Greenway Greenhouse Cannabis delayed paying its suppliers.

Greenway Greenhouse Cannabis Days Payable Historical Data

The historical data trend for Greenway Greenhouse 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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Greenway Greenhouse Cannabis Days Payable Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

253.67

155.64

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial													-	61.82	62.91	71.44	98.22

Competitive Comparison of Greenway Greenhouse Cannabis's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse 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.

Greenway Greenhouse Cannabis's Days Payable Distribution in the Drug Manufacturers Industry

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

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

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Greenway Greenhouse 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.

Greenway Greenhouse Cannabis's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (2.479	+	1.027)	/	2 )	/	4.111	*	365
=	1.753					/	4.111	*	365
=	155.64

Greenway Greenhouse Cannabis's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1.155	+	1.002)	/	2 )	/	1.002	*	365 / 4
=	1.0785					/	1.002	*	365 / 4
=	98.22

Greenway Greenhouse Cannabis Days Payable Related Terms

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Greenway Greenhouse Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (OTCPK:GWAYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GWAY:Canada

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.