Simply Better Brands (Simply Better Brands) Days Payable : 63.99 (As of Mar. 2024)

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What is Simply Better Brands Days Payable?

Simply Better Brands's average Accounts Payable for the three months ended in Mar. 2024 was $6.99 Mil. Simply Better Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was $9.96 Mil. Hence, Simply Better Brands's Days Payable for the three months ended in Mar. 2024 was 63.99.

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

SBBCF' s Days Payable Range Over the Past 10 Years
Min: 31.49 Med: 56.63 Max: 64.55
Current: 64.55

During the past 5 years, Simply Better Brands's highest Days Payable was 64.55. The lowest was 31.49. And the median was 56.63.

SBBCF's Days Payable is ranked worse than
63.14% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs SBBCF: 64.55

Simply Better Brands's Days Payable increased from Mar. 2023 (59.71) to Mar. 2024 (63.99). It may suggest that Simply Better Brands delayed paying its suppliers.

Simply Better Brands Days Payable Historical Data

The historical data trend for Simply Better 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.

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Simply Better Brands Days Payable Chart

Simply Better Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

31.50

42.14

62.31

57.46

60.63

Simply Better Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														59.71	46.22	64.93	85.03	63.99

Competitive Comparison of Simply Better Brands's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Better 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.

Simply Better Brands's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Simply Better Brands's Days Payable distribution charts can be found below:

* The bar in red indicates where Simply Better Brands's Days Payable falls into.

Simply Better 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.

Simply Better Brands'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
=	( (4.92	+	6.04)	/	2 )	/	32.992	*	365
=	5.48					/	32.992	*	365
=	60.63

Simply Better Brands'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
=	( (6.04	+	7.933)	/	2 )	/	9.962	*	365 / 4
=	6.9865					/	9.962	*	365 / 4
=	63.99

Simply Better Brands Days Payable Related Terms

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Simply Better Brands (Simply Better Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Better Brands Corp (OTCPK:SBBCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SBBC:Canada

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.simplybetterbrands.com

Simply Better Brands Corp is promoting healthy and active lifestyles. In addition to expanding its majority-owned CBD subsidiary brand, PureKana, the company has announced strategic acquisitions in industry health, wellness, beauty, pet and lifestyle brands and companies. The Company operates in one reportable segment being the sale of consumer health and wellness products with sales principally generated from the United States.