SMFL (Smart for Life) Days Payable : 1,092.64 (As of Dec. 2023)

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What is Smart for Life Days Payable?

Smart for Life's average Accounts Payable for the three months ended in Dec. 2023 was $3.93 Mil. Smart for Life's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.33 Mil. Hence, Smart for Life's Days Payable for the three months ended in Dec. 2023 was 1,092.64.

The historical rank and industry rank for Smart for Life's Days Payable or its related term are showing as below:

SMFL's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 45.74
* Ranked among companies with meaningful Days Payable only.

Smart for Life's Days Payable increased from Dec. 2022 (115.48) to Dec. 2023 (1,092.64). It may suggest that Smart for Life delayed paying its suppliers.

Smart for Life Days Payable Historical Data

The historical data trend for Smart for Life'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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Smart for Life Days Payable Chart

Smart for Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

156.27

197.14

88.76

88.57

244.04

Smart for Life Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									115.48	233.30	252.12	214.99	1,092.64

Competitive Comparison of Smart for Life's Days Payable

For the Packaged Foods subindustry, Smart for Life'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.

Smart for Life's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Smart for Life's Days Payable distribution charts can be found below:

* The bar in red indicates where Smart for Life's Days Payable falls into.

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Smart for Life 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.

Smart for Life'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
=	( (3.255	+	3.613)	/	2 )	/	5.136	*	365
=	3.434					/	5.136	*	365
=	244.04

Smart for Life's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.242	+	3.613)	/	2 )	/	0.328	*	365 / 4
=	3.9275					/	0.328	*	365 / 4
=	1,092.64

Smart for Life Days Payable Related Terms

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Smart for Life Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart for Life Inc (OTCPK:SMFL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

990 Biscayne Boulevard, Suite 505, Miami, FL, USA, 33132

Website

https://www.smartforlifecorp.com

Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.

Executives

Trilogy Capital Group, Llc	10 percent owner	10575 NW 37 TERRACE, MIAMI FL 33178
Cervantes Alfonso J. Jr	director, 10 percent owner, officer: Executive Chairman	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Arthur S Reynolds	director
Ronald S. Altbach	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Richard M Cohen	director	C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Darren C. Minton	director, 10 percent owner, officer: President	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Ryan F. Zackon	director, officer: Chief Executive Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Alan B. Bergman	officer: Chief Financial Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Robert S. Rein	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Wood Roger Conley	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132