Nature's Miracle Holding (Nature's Miracle Holding) Days Payable : 503.83 (As of Mar. 2024)

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What is Nature's Miracle Holding Days Payable?

Nature's Miracle Holding's average Accounts Payable for the three months ended in Mar. 2024 was $10.45 Mil. Nature's Miracle Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.89 Mil. Hence, Nature's Miracle Holding's Days Payable for the three months ended in Mar. 2024 was 503.83.

The historical rank and industry rank for Nature's Miracle Holding's Days Payable or its related term are showing as below:

NMHI' s Days Payable Range Over the Past 10 Years
Min: 215.84 Med: 328.89 Max: 729.98
Current: 729.98

During the past 4 years, Nature's Miracle Holding's highest Days Payable was 729.98. The lowest was 215.84. And the median was 328.89.

NMHI's Days Payable is ranked better than
98.81% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs NMHI: 729.98

Nature's Miracle Holding's Days Payable increased from Mar. 2023 (408.10) to Mar. 2024 (503.83). It may suggest that Nature's Miracle Holding delayed paying its suppliers.

Nature's Miracle Holding Days Payable Historical Data

The historical data trend for Nature's Miracle Holding'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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Nature's Miracle Holding Days Payable Chart

Nature's Miracle Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

383.15

274.63

215.84

419.83

Nature's Miracle Holding Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							408.10	503.01	364.32	335.23	503.83

Competitive Comparison of Nature's Miracle Holding's Days Payable

For the Specialty Industrial Machinery subindustry, Nature's Miracle Holding'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.

Nature's Miracle Holding's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nature's Miracle Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Nature's Miracle Holding's Days Payable falls into.

Nature's Miracle Holding 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.

Nature's Miracle Holding'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
=	( (11.941	+	10.792)	/	2 )	/	9.882	*	365
=	11.3665					/	9.882	*	365
=	419.83

Nature's Miracle Holding's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (10.792	+	10.112)	/	2 )	/	1.893	*	365 / 4
=	10.452					/	1.893	*	365 / 4
=	503.83

Nature's Miracle Holding Days Payable Related Terms

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Nature's Miracle Holding (Nature's Miracle Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nature's Miracle Holding Inc (NAS:NMHI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

858 North Central Avenue, Upland, Upland, CA, USA, 91786

Website

https://www.nature-miracle.com

Nature's Miracle Holding Inc is a fast-growing agriculture technology company providing services to growers in the Controlled Environment Agriculture ("CEA") industry which also include vertical farming in North America. It offers integrated solutions which include hardware as well as software to design, build and operate various indoor growing settings including greenhouse and indoor-growing spaces.

Nature's Miracle Holding (Nature's Miracle Holding) Headlines

From GuruFocus

NATURE'S MIRACLE HOLDING INC. RECENTLY RANG THE CLOSING BELL AT NASDAQ, TIMES SQUARE NYC

By PRNewswire • 03-19-2024