NGHI (New Green Hemp) Days Payable: 169.02 (As of Mar. 2019)


What is New Green Hemp Days Payable?

New Green Hemp NGHI Days Payable is 169.02 as of Mar. 2019.

New Green Hemp's average Accounts Payable for the three months ended in Mar. 2019 was $0.49 Mil. New Green Hemp's Cost of Goods Sold for the three months ended in Mar. 2019 was $0.26 Mil. Hence, New Green Hemp's Days Payable for the three months ended in Mar. 2019 was 169.02.

The historical rank and industry rank for New Green Hemp's Days Payable or its related term are showing as below:

NGHI's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.84
* Ranked among companies with meaningful Days Payable only.

New Green Hemp's Days Payable increased from Mar. 2018 (0.00) to Mar. 2019 (169.02). It may suggest that New Green Hemp delayed paying its suppliers.

New Green Hemp Days Payable Historical Data

* Premium members only.

The historical data trend for New Green Hemp'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.

New Green Hemp Days Payable Chart

New Green Hemp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial 33.26 12.95 0.00 151.13 0.00

New Green Hemp Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.00 110.31 178.45 0.00 169.02

NGHI vs PKDSQ, FSNR, ESES: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, New Green Hemp'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.

New Green Hemp Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, New Green Hemp's Days Payable distribution charts can be found below:

* The bar in red indicates where New Green Hemp's Days Payable falls into.


New Green Hemp 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.

New Green Hemp's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (0.309 + 0.493) / 2 ) / 0*365
=0.401 / 0*365
=N/A

New Green Hemp's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

Days Payable (Q: Mar. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2018 ) + Accounts Payable (Q: Mar. 2019 )) / count ) / Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=( (0.493 + 0.485) / 2 ) / 0.264*365 / 4
=0.489 / 0.264*365 / 4
=169.02

* 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 169.02 mean?
New Green Hemp (NGHI) has a Days Payable of 169.02 as of Mar. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on New Green Hemp and its competitors.
Is New Green Hemp's Days Payable too high?
New Green Hemp's current Days Payable is 169.02. The Oil & Gas industry median Days Payable is 57.84. New Green Hemp's value of 169.02 is 192.2% above this industry median.
How does New Green Hemp's Days Payable compare to PKDSQ and FSNR?
New Green Hemp's Days Payable of 169.02 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.84. New Green Hemp's value of 169.02 is 192.2% 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.84, based on 852 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. New Green Hemp's current Days Payable of 169.02 is 192.2% 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 New Green Hemp and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Green Hemp's current Days Payable is 169.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current Days Payable of 169.02. The current Days Payable is 169.02 and 192.2% above the Oil & Gas industry median of 57.84. 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 New Green Hemp (NGHI), the current Days Payable is 169.02 as of Mar. 2019. 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.

New Green Hemp Business Description

Industry EnergyOil & Gas
Address 4362 Mahan Drive, Tallahassee, FL, USA, 32308
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.