TDNT (Trident Brands) Days Payable: 341.88 (As of May. 2022)


What is Trident Brands Days Payable?

Trident Brands TDNT Days Payable is 341.88 as of May. 2022.

Trident Brands's average Accounts Payable for the three months ended in May. 2022 was $0.55 Mil. Trident Brands's Cost of Goods Sold for the three months ended in May. 2022 was $0.15 Mil. Hence, Trident Brands's Days Payable for the three months ended in May. 2022 was 341.88.

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

TDNT's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 44.14
* Ranked among companies with meaningful Days Payable only.

Trident Brands's Days Payable declined from May. 2021 (1,598.78) to May. 2022 (341.88). It may suggest that Trident Brands accelerated paying its suppliers.

Trident Brands Days Payable Historical Data

* Premium members only.

The historical data trend for Trident 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.

Trident Brands Days Payable Chart

Trident Brands Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.70 92.09 183.45 253.00 1,437.38

Trident Brands Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 1,598.78 3,088.46 8,969.88 0.00 341.88

TDNT vs SKVI, QNTA, SNBH: Days Payable Comparison

For the Packaged Foods subindustry, Trident 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.

Trident Brands Days Payable vs Consumer Packaged Goods Industry

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

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


Trident 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.

Trident Brands's Days Payable for the fiscal year that ended in Nov. 2021 is calculated as

Days Payable (A: Nov. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Nov. 2020 ) + Accounts Payable (A: Nov. 2021 )) / count ) / Cost of Goods Sold (A: Nov. 2021 )*Days in Period
=( (0.429 + 0.524) / 2 ) / 0.121*365
=0.4765 / 0.121*365
=1,437.38

Trident Brands's Days Payable for the quarter that ended in May. 2022 is calculated as:

Days Payable (Q: May. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Feb. 2022 ) + Accounts Payable (Q: May. 2022 )) / count ) / Cost of Goods Sold (Q: May. 2022 )*Days in Period
=( (0.544 + 0.55) / 2 ) / 0.146*365 / 4
=0.547 / 0.146*365 / 4
=341.88

* 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 341.88 mean?
Trident Brands (TDNT) has a Days Payable of 341.88 as of May. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Trident Brands and its competitors.
Is Trident Brands' Days Payable too high?
Trident Brands' current Days Payable is 341.88. The Consumer Packaged Goods industry median Days Payable is 44.14. Trident Brands' value of 341.88 is 674.5% above this industry median.
How does Trident Brands' Days Payable compare to SKVI and QNTA?
Trident Brands' Days Payable of 341.88 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 44.14. Trident Brands' value of 341.88 is 674.5% 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.14, based on 1,881 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. Trident Brands's current Days Payable of 341.88 is 674.5% 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 Trident Brands and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trident Brands's current Days Payable is 341.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Brands stock overvalued right now?
Trident Brands (TDNT) has a current Days Payable of 341.88. The current Days Payable is 341.88 and 674.5% above the Consumer Packaged Goods industry median of 44.14. 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 Trident Brands (TDNT), the current Days Payable is 341.88 as of May. 2022. 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.

Trident Brands Business Description

Address 433 Plaza Real, Suite 275, Boca Raton, FL, USA, 33432
Trident Brands Inc is a consumer product company. It is focused on developing high growth branded and private label consumer products and ingredients within the nutritional supplement, life sciences, and food and beverage categories. It offers consumer products, including nutritional products and supplements under the Everlast and Brain Armor brands. The company's brands focus on supplements, nutritional products, and heart and brain health categories. In addition, the firm also offers various banking facilities. Geographically business activity functions through the region of the United States and derives a majority of its revenue from the sale of products.