RMHB (Rocky Mountain High Brands) Days Payable: 67.15 (As of Jun. 2020)


What is Rocky Mountain High Brands Days Payable?

Rocky Mountain High Brands RMHB -10.00% Days Payable is 67.15 as of Jun. 2020.

Rocky Mountain High Brands's average Accounts Payable for the three months ended in Jun. 2020 was $0.55 Mil. Rocky Mountain High Brands's Cost of Goods Sold for the three months ended in Jun. 2020 was $0.74 Mil. Hence, Rocky Mountain High Brands's Days Payable for the three months ended in Jun. 2020 was 67.15.

The historical rank and industry rank for Rocky Mountain High Brands's Days Payable or its related term are showing as below:

RMHB's Days Payable is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 57.76
* Ranked among companies with meaningful Days Payable only.

Rocky Mountain High Brands's Days Payable declined from Jun. 2019 (980.35) to Jun. 2020 (67.15). It may suggest that Rocky Mountain High Brands accelerated paying its suppliers.

Rocky Mountain High Brands Days Payable Historical Data

* Premium members only.

The historical data trend for Rocky Mountain High Brands'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.

Rocky Mountain High Brands Days Payable Chart

Rocky Mountain High Brands Annual Data
Trend Dec09 Jun10 Jun11 Jun12 Jun16 Jun17 Dec18 Dec19
Days Payable
Get a 7-Day Free Trial 798.44 30.26 0.00 239.78 184.72

Rocky Mountain High Brands Quarterly Data
Dec09 Jun10 Dec10 Jun11 Jun12 Jun16 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 980.35 90.65 263.31 225.81 67.15

RMHB vs MOJO, CIRX, JSDA: Days Payable Comparison

For the Beverages - Non-Alcoholic subindustry, Rocky Mountain High Brands'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.

Rocky Mountain High Brands Days Payable vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Rocky Mountain High Brands's Days Payable distribution charts can be found below:

* The bar in red indicates where Rocky Mountain High Brands's Days Payable falls into.


Rocky Mountain High Brands 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.

Rocky Mountain High Brands's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

Days Payable (A: Dec. 2019 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2018 ) + Accounts Payable (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (0.309 + 0.441) / 2 ) / 0.741*365
=0.375 / 0.741*365
=184.72

Rocky Mountain High Brands'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
=( (0.633 + 0.459) / 2 ) / 0.742*365 / 4
=0.546 / 0.742*365 / 4
=67.15

* 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 67.15 mean?
Rocky Mountain High Brands (RMHB) has a Days Payable of 67.15 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 Rocky Mountain High Brands and its competitors.
Is Rocky Mountain High Brands' Days Payable too high?
Rocky Mountain High Brands' current Days Payable is 67.15. The Beverages - Non-Alcoholic industry median Days Payable is 57.76. Rocky Mountain High Brands' value of 67.15 is 16.3% above this industry median.
How does Rocky Mountain High Brands' Days Payable compare to MOJO and CIRX?
Rocky Mountain High Brands' Days Payable of 67.15 can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median Days Payable is 57.76. Rocky Mountain High Brands' value of 67.15 is 16.3% 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 Beverages - Non-Alcoholic company?
The median Days Payable among Beverages - Non-Alcoholic companies is 57.76, based on 113 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. Rocky Mountain High Brands's current Days Payable of 67.15 is 16.3% 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 Rocky Mountain High Brands and its competitors. For the Beverages - Non-Alcoholic industry, the median Days Payable is 57.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocky Mountain High Brands's current Days Payable is 67.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocky Mountain High Brands stock overvalued right now?
Rocky Mountain High Brands (RMHB) has a current Days Payable of 67.15. The current Days Payable is 67.15 and 16.3% above the Beverages - Non-Alcoholic industry median of 57.76. 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 Rocky Mountain High Brands (RMHB), the current Days Payable is 67.15 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.

Rocky Mountain High Brands Business Description

Address 12150 Shiloh Road, Suite 120, Dallas, TX, USA, 75228
Rocky Mountain High Brands Inc is a Dallas-based consumer goods company that offers energy drinks. The company specializes in developing, manufacturing, marketing, and distributing high-quality, health-conscious, cannabidiol and hemp-infused products that span various categories including beverage, food, fitness, skincare, and more. The company delivers a fresh line of clean-label energy drinks supercharged with hempseed, guarana, ginseng, and pure beet sugar.