HCANF (Halo Collective) Days Payable: 421.81 (As of Jun. 2023)


HCANF Halo Collective Inc HCANF
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What is Halo Collective Days Payable?

Halo Collective HCANF -99.00% 12 Days Payable is 421.81 as of Jun. 2023. GuruFocus rates HCANF with a GF Score™ of 12/100.

Halo Collective's average Accounts Payable for the three months ended in Jun. 2023 was $8.03 Mil. Halo Collective's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.74 Mil. Hence, Halo Collective's Days Payable for the three months ended in Jun. 2023 was 421.81.

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

HCANF's Days Payable is not ranked *
in the Drug Manufacturers industry.
Industry Median: 90.835
* Ranked among companies with meaningful Days Payable only.

Halo Collective's Days Payable increased from Jun. 2022 (198.58) to Jun. 2023 (421.81). It may suggest that Halo Collective delayed paying its suppliers.

Halo Collective Days Payable Historical Data

* Premium members only.

The historical data trend for Halo Collective'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.

Halo Collective Days Payable Chart

Halo Collective Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 53.47 164.49 116.74 200.47

Halo Collective Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 198.58 268.12 221.36 281.40 421.81

HCANF vs INLB, BGPPF, BLMS: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Halo Collective'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.

Halo Collective Days Payable vs Drug Manufacturers Industry

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

* The bar in red indicates where Halo Collective's Days Payable falls into.


HCANF
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Halo Collective Inc HCANF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Halo Collective 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.

Halo Collective's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (11.634 + 9.624) / 2 ) / 19.352*365
=10.629 / 19.352*365
=200.47

Halo Collective's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (8.41 + 7.649) / 2 ) / 1.737*365 / 4
=8.0295 / 1.737*365 / 4
=421.81

* 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 421.81 mean?
Halo Collective (HCANF) has a Days Payable of 421.81 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Halo Collective and its competitors.
Is Halo Collective's Days Payable too high?
Halo Collective's current Days Payable is 421.81. The Drug Manufacturers industry median Days Payable is 90.84. Halo Collective's value of 421.81 is 364.4% above this industry median. Overall, Halo Collective has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Halo Collective's Days Payable compare to INLB and BGPPF?
Halo Collective's Days Payable of 421.81 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.84. Halo Collective's value of 421.81 is 364.4% 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 90.84, based on 920 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. Halo Collective's current Days Payable of 421.81 is 364.4% 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 Halo Collective and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halo Collective's current Days Payable is 421.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halo Collective stock overvalued right now?
Halo Collective (HCANF) has a current Days Payable of 421.81. The current Days Payable is 421.81 and 364.4% above the Drug Manufacturers industry median of 90.84. Halo Collective's overall GF Score™ is 12/100. 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 Halo Collective (HCANF), the current Days Payable is 421.81 as of Jun. 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.

Halo Collective Business Description

Address 550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5
Halo Collective Inc is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada and California.
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