NHMD (Nate's Food Co) Days Payable: 370.70 (As of Nov. 2023)


What is Nate's Food Co Days Payable?

Nate's Food Co NHMD -99.00% Days Payable is 370.70 as of Nov. 2023.

Nate's Food Co's average Accounts Payable for the three months ended in Nov. 2023 was $0.03 Mil. Nate's Food Co's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.01 Mil. Hence, Nate's Food Co's Days Payable for the three months ended in Nov. 2023 was 370.70.

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

NHMD's Days Payable is not ranked *
in the Capital Markets industry.
Industry Median: 91.345
* Ranked among companies with meaningful Days Payable only.

Nate's Food Co's Days Payable increased from Nov. 2022 (302.27) to Nov. 2023 (370.70). It may suggest that Nate's Food Co delayed paying its suppliers.

Nate's Food Co Days Payable Historical Data

* Premium members only.

The historical data trend for Nate's Food Co'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.

Nate's Food Co Days Payable Chart

Nate's Food Co Annual Data
Trend Jun10 May14 May15 May16 May17 May18 May20 May21 May22 May23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 108,770.00 281.62 172.55

Nate's Food Co Quarterly Data
May17 Aug17 Nov17 Feb18 May18 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 302.27 315.23 167.29 172.99 370.70

NHMD vs MNTR, GMPW, MGHL: Days Payable Comparison

For the Capital Markets subindustry, Nate's Food Co'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.

Nate's Food Co Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nate's Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nate's Food Co's Days Payable falls into.


Nate's Food Co 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.

Nate's Food Co's Days Payable for the fiscal year that ended in May. 2023 is calculated as

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (0.006 + 0.046) / 2 ) / 0.055*365
=0.026 / 0.055*365
=172.55

Nate's Food Co's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

Days Payable (Q: Nov. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2023 ) + Accounts Payable (Q: Nov. 2023 )) / count ) / Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=( (0.045 + 0.02) / 2 ) / 0.008*365 / 4
=0.0325 / 0.008*365 / 4
=370.70

* 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 370.70 mean?
Nate's Food Co (NHMD) has a Days Payable of 370.70 as of Nov. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nate's Food Co and its competitors.
Is Nate's Food Co's Days Payable too high?
Nate's Food Co's current Days Payable is 370.70. The Capital Markets industry median Days Payable is 91.35. Nate's Food Co's value of 370.70 is 305.8% above this industry median.
How does Nate's Food Co's Days Payable compare to MNTR and GMPW?
Nate's Food Co's Days Payable of 370.70 can be compared against companies in the Capital Markets industry. The industry median Days Payable is 91.35. Nate's Food Co's value of 370.70 is 305.8% 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 a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.35, based on 538 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. Nate's Food Co's current Days Payable of 370.70 is 305.8% 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 Nate's Food Co and its competitors. For the Capital Markets industry, the median Days Payable is 91.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nate's Food Co's current Days Payable is 370.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nate's Food Co stock overvalued right now?
Nate's Food Co (NHMD) has a current Days Payable of 370.70. The current Days Payable is 370.70 and 305.8% above the Capital Markets industry median of 91.35. 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 Nate's Food Co (NHMD), the current Days Payable is 370.70 as of Nov. 2023. 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.

Nate's Food Co Business Description

Address 15151 Springdale Street, Huntington Beach, CA, USA, 92649
Nate's Food Co is a food manufacturing and product company that manufactures, distributes, and sells ready-to-use, pre-mixed pancake and waffle batter. The Company is engaged in Bitcoin Mining which is the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. The company sells its products across the United States to a variety of customers through its online store.