SHWZ (Medicine Man Technologies) Days Payable: 32.01 (As of Jun. 2024)

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SHWZ Medicine Man Technologies Inc SHWZ
12 GF Score
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What is Medicine Man Technologies Days Payable?

Medicine Man Technologies SHWZ -90.00% 12 Days Payable is 32.01 as of Jun. 2024. GuruFocus rates SHWZ with a GF Score™ of 12/100.

Medicine Man Technologies's average Accounts Payable for the three months ended in Jun. 2024 was $8.5 Mil. Medicine Man Technologies's Cost of Goods Sold for the three months ended in Jun. 2024 was $24.2 Mil. Hence, Medicine Man Technologies's Days Payable for the three months ended in Jun. 2024 was 32.01.

The historical rank and industry rank for Medicine Man Technologies's Days Payable or its related term are showing as below:

SHWZ's Days Payable is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 57.13
* Ranked among companies with meaningful Days Payable only.

Medicine Man Technologies's Days Payable declined from Jun. 2023 (41.95) to Jun. 2024 (32.01). It may suggest that Medicine Man Technologies accelerated paying its suppliers.


Medicine Man Technologies Days Payable Historical Data

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The historical data trend for Medicine Man Technologies'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.

Medicine Man Technologies Days Payable Chart

Medicine Man Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.70 45.26 18.98 30.71 45.55

Medicine Man Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 41.95 42.90 31.47 43.92 32.01

SHWZ vs HEWA, RDGT, SSY: Days Payable Comparison

For the Pharmaceutical Retailers subindustry, Medicine Man Technologies'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.


Medicine Man Technologies Days Payable vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Medicine Man Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Medicine Man Technologies's Days Payable falls into.


SHWZ
12GF Score
Medicine Man Technologies Inc SHWZ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Medicine Man Technologies 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.

Medicine Man Technologies'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
=( (10.724 + 13.342) / 2 ) / 96.424*365
=12.033 / 96.424*365
=45.55

Medicine Man Technologies's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (9.443 + 7.53) / 2 ) / 24.192*365 / 4
=8.4865 / 24.192*365 / 4
=32.01

* 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 32.01 mean?
Medicine Man Technologies (SHWZ) has a Days Payable of 32.01 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Medicine Man Technologies and its competitors.
Is Medicine Man Technologies' Days Payable too high?
Medicine Man Technologies' current Days Payable is 32.01. The Healthcare Providers & Services industry median Days Payable is 57.13. Medicine Man Technologies' value of 32.01 is 44% below this industry median. Overall, Medicine Man Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Medicine Man Technologies' Days Payable compare to HEWA and RDGT?
Medicine Man Technologies' Days Payable of 32.01 can be compared against companies in the Healthcare Providers & Services industry. The industry median Days Payable is 57.13. Medicine Man Technologies' value of 32.01 is 44% 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 Healthcare Providers & Services company?
The median Days Payable among Healthcare Providers & Services companies is 57.13, based on 607 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. Medicine Man Technologies's current Days Payable of 32.01 is 44% 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 Medicine Man Technologies and its competitors. For the Healthcare Providers & Services industry, the median Days Payable is 57.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medicine Man Technologies's current Days Payable is 32.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medicine Man Technologies stock overvalued right now?
Medicine Man Technologies (SHWZ) has a current Days Payable of 32.01. The current Days Payable is 32.01 and 44% below the Healthcare Providers & Services industry median of 57.13. Medicine Man Technologies' overall GF Score™ is 12/100. 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 Medicine Man Technologies (SHWZ), the current Days Payable is 32.01 as of Jun. 2024. 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.

Medicine Man Technologies Business Description

Address 865 N. Albion Street, Suite 300, Denver, CO, USA, 80220
Medicine Man Technologies Inc is a vertically integrated multi-state cannabis operator focused on growth through expansion into existing and new markets. The Company's business involves the cultivation, manufacturing, distribution, and retail sale of cannabis and cannabis-related products. The Company sells products it manufactures and cultivates and a variety of other cannabis goods through wholly-owned retail stores, licensing arrangements, and/or third-party operators and retailers. Its operations are organized into three different segments: Retail, consisting of retail locations for sale of cannabis products; Wholesale, consisting of manufacturing, cultivation, and sale of both wholesale cannabis and non-cannabis products; and Other, consisting of all other income and expenses.
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