IVFH (Innovative Food Holdings) Days Payable : 24.53 (As of Dec. 2024)

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What is Innovative Food Holdings Days Payable?

Innovative Food Holdings's average Accounts Payable for the three months ended in Dec. 2024 was $4.83 Mil. Innovative Food Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was $17.97 Mil. Hence, Innovative Food Holdings's Days Payable for the three months ended in Dec. 2024 was 24.53.

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

IVFH' s Days Payable Range Over the Past 10 Years
Min: 21.15 Med: 34.15 Max: 42.66
Current: 29.76

During the past 13 years, Innovative Food Holdings's highest Days Payable was 42.66. The lowest was 21.15. And the median was 34.15.

IVFH's Days Payable is ranked worse than
73.94% of 307 companies
in the Retail - Defensive industry
Industry Median: 44.06 vs IVFH: 29.76

Innovative Food Holdings's Days Payable declined from Dec. 2023 (35.19) to Dec. 2024 (24.53). It may suggest that Innovative Food Holdings accelerated paying its suppliers.

Innovative Food Holdings Days Payable Historical Data

The historical data trend for Innovative Food 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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Innovative Food Holdings Days Payable Chart

Innovative Food Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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42.66

41.65

35.73

42.33

38.31

Innovative Food Holdings Quarterly Data
	Mar20	Jun20	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															35.19	33.47	21.58	24.67	24.53

Competitive Comparison of Innovative Food Holdings's Days Payable

For the Food Distribution subindustry, Innovative Food 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.

Innovative Food Holdings's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Innovative Food Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovative Food Holdings's Days Payable falls into.

Innovative Food 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.

Innovative Food Holdings's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (5.773	+	5.83)	/	2 )	/	55.28	*	365
=	5.8015					/	55.28	*	365
=	38.31

Innovative Food Holdings'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
=	( (3.832	+	5.83)	/	2 )	/	17.968	*	365 / 4
=	4.831					/	17.968	*	365 / 4
=	24.53

Innovative Food Holdings Days Payable Related Terms

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Innovative Food Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Innovative Food Holdings Inc (OTCPK:IVFH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9696 Bonita Beach Road, Suite 208, Bonita Springs, FL, USA, 34135

Website

https://www.ivfh.com

Innovative Food Holdings Inc through its subsidiaries is engaged in the distribution of perishables and specialty food products. Its customers include restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses. The company distributes perishable and specialty food and food-related products, including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food products, estate-bottled olive oils and aged vinegar. The company also drop ship specialty foods to Professional Chefs nationally through the websites of broadline distributors, such as US Foods, Inc.

Executives

Samuel Klepfish	director, officer: CEO	231 NORMAN AVENUE, BROOKLYN NY 11222
James C Pappas	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Denver Johnson Smith	director	350 S RACE STREET, DENVER CO 80209
Jefferson Gramm	director	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Brady Smallwood	director, officer: Chief Operating Officer	4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712
Robert William Bennett	director, officer: Chief Executive Officer	28411 RACETRACK RD, BONITA SPRINGS FL 34135
Hank Cohn	director	14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977
Richard Tang	officer: Chief Financial Officer	C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135
David Polinsky	director	90 BOOTH AVENUE, ENGLEWOOD NJ 07631
Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Mark Schmulen	10 percent owner, other: See Explanation of Responses	11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046
Loukas D. Kozonis	10 percent owner, other: See Explanation of Responses	4849 N. MILWAUKEE AVENUE, SUITE 300, CHICAGO IL 60630
Jcp Investment Holdings, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027