Lowell Farms (Lowell Farms) Days Payable : 26.67 (As of Dec. 2023)

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What is Lowell Farms Days Payable?

Lowell Farms's average Accounts Payable for the three months ended in Dec. 2023 was $4.17 Mil. Lowell Farms's Cost of Goods Sold for the three months ended in Dec. 2023 was $14.28 Mil. Hence, Lowell Farms's Days Payable for the three months ended in Dec. 2023 was 26.67.

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

LOWLF' s Days Payable Range Over the Past 10 Years
Min: 18.25 Med: 21.04 Max: 35.19
Current: 35.19

During the past 13 years, Lowell Farms's highest Days Payable was 35.19. The lowest was 18.25. And the median was 21.04.

LOWLF's Days Payable is ranked worse than
86.34% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs LOWLF: 35.19

Lowell Farms's Days Payable increased from Dec. 2022 (17.26) to Dec. 2023 (26.67). It may suggest that Lowell Farms delayed paying its suppliers.

Lowell Farms Days Payable Historical Data

The historical data trend for Lowell Farms'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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Lowell Farms Days Payable Chart

Lowell Farms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.24

30.89

18.66

21.75

33.84

Lowell Farms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															17.26	35.47	40.32	48.73	26.67

Competitive Comparison of Lowell Farms's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Lowell Farms'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.

Lowell Farms's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Lowell Farms's Days Payable falls into.

Lowell Farms 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.

Lowell Farms'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
=	( (2.307	+	4.314)	/	2 )	/	35.707	*	365
=	3.3105					/	35.707	*	365
=	33.84

Lowell Farms's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.035	+	4.314)	/	2 )	/	14.284	*	365 / 4
=	4.1745					/	14.284	*	365 / 4
=	26.67

Lowell Farms Days Payable Related Terms

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Lowell Farms (Lowell Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lowell Farms Inc (OTCPK:LOWLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LOWL:Canada

Address

19 Quail Run Circle, Suite B, Salinas, CA, USA, 93907

Website

https://www.lowellfarms.com

Lowell Farms Inc is a California-based vertically-integrated cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. The Company's operations are comprised of a single reporting operating segment. Its Brands include Lowell Herb Co. and Lowell Smokes, House Weed, Kaizen, Moon, and Original Pot Company. The company generates revenues from sales of extracts, distillates, branded and packaged cannabis flower, prerolls, concentrates, and edible products to retail licensed dispensaries and bulk flower, biomass and concentrates to licensed manufacturers and distributors in the state of California.