MJNA (Medical Marijuana) Days Payable: 29.87 (As of Dec. 2017)


What is Medical Marijuana Days Payable?

Medical Marijuana MJNA Days Payable is 29.87 as of Dec. 2017.

Medical Marijuana's average Accounts Payable for the six months ended in Dec. 2017 was $0.66 Mil. Medical Marijuana's Cost of Goods Sold for the six months ended in Dec. 2017 was $8.11 Mil. Hence, Medical Marijuana's Days Payable for the six months ended in Dec. 2017 was 14.93.

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

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

Medical Marijuana's Days Payable declined from Dec. 2015 (135.50) to Dec. 2017 (29.87). It may suggest that Medical Marijuana accelerated paying its suppliers.

Medical Marijuana Days Payable Historical Data

* Premium members only.

The historical data trend for Medical Marijuana'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.

Medical Marijuana Days Payable Chart

Medical Marijuana Annual Data
Trend Dec09 Dec10 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Payable
Get a 7-Day Free Trial 14.63 83.75 135.50 111.74 29.87

Medical Marijuana Semi-Annual Data
Dec09 Dec10 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Payable Get a 7-Day Free Trial 14.63 83.75 135.50 111.74 29.87

MJNA vs UPC, ERBB, KAYS: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Medical Marijuana'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.

Medical Marijuana Days Payable vs Drug Manufacturers Industry

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

* The bar in red indicates where Medical Marijuana's Days Payable falls into.


Medical Marijuana 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.

Medical Marijuana's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

Days Payable (A: Dec. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2016 ) + Accounts Payable (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (0.878 + 0.45) / 2 ) / 8.114*365
=0.664 / 8.114*365
=29.87

Medical Marijuana's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

Days Payable (Q: Dec. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2016 ) + Accounts Payable (Q: Dec. 2017 )) / count ) / Cost of Goods Sold (Q: Dec. 2017 )*Days in Period
=( (0.878 + 0.45) / 2 ) / 8.114*365 / 2
=0.664 / 8.114*365 / 2
=14.93

* 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 29.87 mean?
Medical Marijuana (MJNA) has a Days Payable of 29.87 as of Dec. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Medical Marijuana and its competitors.
Is Medical Marijuana's Days Payable too high?
Medical Marijuana's current Days Payable is 29.87. The Drug Manufacturers industry median Days Payable is 90.84. Medical Marijuana's value of 29.87 is 67.1% below this industry median.
How does Medical Marijuana's Days Payable compare to UPC and ERBB?
Medical Marijuana's Days Payable of 29.87 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.84. Medical Marijuana's value of 29.87 is 67.1% below 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. Medical Marijuana's current Days Payable of 29.87 is 67.1% below 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 Medical Marijuana 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. Medical Marijuana's current Days Payable is 29.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Marijuana stock overvalued right now?
Medical Marijuana (MJNA) has a current Days Payable of 29.87. The current Days Payable is 29.87 and 67.1% below the Drug Manufacturers industry median of 90.84. 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 Medical Marijuana (MJNA), the current Days Payable is 29.87 as of Dec. 2017. 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.

Medical Marijuana Business Description

Address 2384 La Mirada Drive, Vista, CA, USA, 92081
Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others. The company operates through Retail and Wholesale division; Direct Sales division; and Manufacturing and Production Division.