CV Sciences (LTS:0HRT) Days Payable : 91.67 (As of Sep. 2024)

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What is CV Sciences Days Payable?

CV Sciences's average Accounts Payable for the three months ended in Sep. 2024 was $2.10 Mil. CV Sciences's Cost of Goods Sold for the three months ended in Sep. 2024 was $2.09 Mil. Hence, CV Sciences's Days Payable for the three months ended in Sep. 2024 was 91.67.

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

LTS:0HRT' s Days Payable Range Over the Past 10 Years
Min: 23.75 Med: 45.32 Max: 100.81
Current: 100.81

During the past 13 years, CV Sciences's highest Days Payable was 100.81. The lowest was 23.75. And the median was 45.32.

LTS:0HRT's Days Payable is ranked better than
59.03% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs LTS:0HRT: 100.81

CV Sciences's Days Payable declined from Sep. 2023 (97.18) to Sep. 2024 (91.67). It may suggest that CV Sciences accelerated paying its suppliers.

CV Sciences Days Payable Historical Data

The historical data trend for CV Sciences'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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CV Sciences Days Payable Chart

CV Sciences Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.07

44.80

68.66

84.06

93.98

CV Sciences Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															97.18	109.29	101.25	103.87	91.67

Competitive Comparison of CV Sciences's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, CV Sciences'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.

CV Sciences's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where CV Sciences's Days Payable falls into.

CV Sciences 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.

CV Sciences'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
=	( (2.284	+	2.309)	/	2 )	/	8.919	*	365
=	2.2965					/	8.919	*	365
=	93.98

CV Sciences's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.307	+	1.886)	/	2 )	/	2.087	*	365 / 4
=	2.0965					/	2.087	*	365 / 4
=	91.67

CV Sciences Days Payable Related Terms

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CV Sciences Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CV Sciences Inc (LTS:0HRT) » Definitions » Days Payable

Comparable Companies

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CVSI:USA

Address

9530 Padgett Street, Suite 107, San Diego, CA, USA, 92126

Website

https://www.cvsciences.com

CV Sciences Inc develops, manufactures, markets, and sells herbal supplements and hemp-based cannabidiol. The Company sells its products under tradenames, such as +PlusCBD and PlusCBD Pet. The Company's products are sold in a variety of market sectors including nutraceutical, beauty care, and specialty foods. The company's hemp-based products are predominantly sold in North America and primarily in the retail space. The company generates revenue from Retail Sales and E-Commerce sales of its product.

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