NUGS (Cannabis Strategic Ventures) Days Payable: 38.85 (As of Jun. 2020)

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What is Cannabis Strategic Ventures Days Payable?

Cannabis Strategic Ventures NUGS Days Payable is 38.85 as of Jun. 2020.

Cannabis Strategic Ventures's average Accounts Payable for the three months ended in Jun. 2020 was $1.06 Mil. Cannabis Strategic Ventures's Cost of Goods Sold for the three months ended in Jun. 2020 was $2.48 Mil. Hence, Cannabis Strategic Ventures's Days Payable for the three months ended in Jun. 2020 was 38.85.

The historical rank and industry rank for Cannabis Strategic Ventures's Days Payable or its related term are showing as below:

NUGS's Days Payable is not ranked *
in the Drug Manufacturers industry.
Industry Median: 90.38
* Ranked among companies with meaningful Days Payable only.

Cannabis Strategic Ventures's Days Payable declined from Jun. 2019 (412.61) to Jun. 2020 (38.85). It may suggest that Cannabis Strategic Ventures accelerated paying its suppliers.

Cannabis Strategic Ventures Days Payable Historical Data

* Premium members only.

The historical data trend for Cannabis Strategic Ventures'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.

Cannabis Strategic Ventures Days Payable Chart

Cannabis Strategic Ventures Annual Data
Trend Dec13 Dec14 Mar16 Mar17 Mar18 Mar19 Mar20
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 67.80 120.89

Cannabis Strategic Ventures Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 412.61 189.47 112.67 295.55 38.85

NUGS vs RDGC, AKRX, TLGT: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Strategic Ventures'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.

Cannabis Strategic Ventures Days Payable vs Drug Manufacturers Industry

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

* The bar in red indicates where Cannabis Strategic Ventures's Days Payable falls into.


Cannabis Strategic Ventures 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.

Cannabis Strategic Ventures's Days Payable for the fiscal year that ended in Mar. 2020 is calculated as

Days Payable (A: Mar. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2019 ) + Accounts Payable (A: Mar. 2020 )) / count ) / Cost of Goods Sold (A: Mar. 2020 )*Days in Period
=( (0.146 + 1.106) / 2 ) / 1.89*365
=0.626 / 1.89*365
=120.89

Cannabis Strategic Ventures's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

Days Payable (Q: Jun. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2020 ) + Accounts Payable (Q: Jun. 2020 )) / count ) / Cost of Goods Sold (Q: Jun. 2020 )*Days in Period
=( (1.106 + 1.004) / 2 ) / 2.478*365 / 4
=1.055 / 2.478*365 / 4
=38.85

* 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 38.85 mean?
Cannabis Strategic Ventures (NUGS) has a Days Payable of 38.85 as of Jun. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cannabis Strategic Ventures and its competitors.
Is Cannabis Strategic Ventures' Days Payable too high?
Cannabis Strategic Ventures' current Days Payable is 38.85. The Drug Manufacturers industry median Days Payable is 90.38. Cannabis Strategic Ventures' value of 38.85 is 57% below this industry median.
How does Cannabis Strategic Ventures' Days Payable compare to RDGC and AKRX?
Cannabis Strategic Ventures' Days Payable of 38.85 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.38. Cannabis Strategic Ventures' value of 38.85 is 57% 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 90.38, based on 927 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. Cannabis Strategic Ventures's current Days Payable of 38.85 is 57% 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 Cannabis Strategic Ventures and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cannabis Strategic Ventures's current Days Payable is 38.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabis Strategic Ventures stock overvalued right now?
Cannabis Strategic Ventures (NUGS) has a current Days Payable of 38.85. The current Days Payable is 38.85 and 57% below the Drug Manufacturers industry median of 90.38. 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 Cannabis Strategic Ventures (NUGS), the current Days Payable is 38.85 as of Jun. 2020. 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.

Cannabis Strategic Ventures Business Description

Address 9350 Wilshire Boulevard, Suite 203, Beverly Hills, CA, USA, 90212
Cannabis Strategic Ventures focuses on the medical and legal recreational cannabis sector. It provides temporary, permanent, and long-term staffing solutions, employment and human resources consulting to the legal Cannabis sector.