NGRBF (NextGen Food Robotics) Days Payable : 0.00 (As of Jan. 2024)

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What is NextGen Food Robotics Days Payable?

NextGen Food Robotics's average Accounts Payable for the three months ended in Jan. 2024 was $0.00 Mil. NextGen Food Robotics's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.06 Mil. Hence, NextGen Food Robotics's Days Payable for the three months ended in Jan. 2024 was 0.00.

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

NGRBF's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 45.77
* Ranked among companies with meaningful Days Payable only.

NextGen Food Robotics's Days Payable declined from Jan. 2023 (132.99) to Jan. 2024 (0.00). It may suggest that NextGen Food Robotics accelerated paying its suppliers.

NextGen Food Robotics Days Payable Historical Data

The historical data trend for NextGen Food Robotics'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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NextGen Food Robotics Days Payable Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Days Payable

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial						132.99	68.44	-	-	-

Competitive Comparison of NextGen Food Robotics's Days Payable

For the Packaged Foods subindustry, NextGen Food Robotics'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.

NextGen Food Robotics's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NextGen Food Robotics's Days Payable distribution charts can be found below:

* The bar in red indicates where NextGen Food Robotics's Days Payable falls into.

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NextGen Food Robotics 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.

NextGen Food Robotics's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.185	*	365
=	0					/	0.185	*	365
=	0.00

NextGen Food Robotics's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.063	*	365 / 4
=	0					/	0.063	*	365 / 4
=	0.00

NextGen Food Robotics Days Payable Related Terms

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NextGen Food Robotics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (OTCPK:NGRBF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.