TGSHF (Mercanto Holdings) Days Payable : 119.66 (As of Jan. 2025)

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What is Mercanto Holdings Days Payable?

Mercanto Holdings's average Accounts Payable for the three months ended in Jan. 2025 was $0.59 Mil. Mercanto Holdings's Cost of Goods Sold for the three months ended in Jan. 2025 was $0.45 Mil. Hence, Mercanto Holdings's Days Payable for the three months ended in Jan. 2025 was 119.66.

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

TGSHF' s Days Payable Range Over the Past 10 Years
Min: 112.95 Med: 132.03 Max: 237.25
Current: 143.72

During the past 4 years, Mercanto Holdings's highest Days Payable was 237.25. The lowest was 112.95. And the median was 132.03.

TGSHF's Days Payable is ranked better than
74.44% of 935 companies
in the Drug Manufacturers industry
Industry Median: 86.76 vs TGSHF: 143.72

Mercanto Holdings's Days Payable declined from Jan. 2024 (176.01) to Jan. 2025 (119.66). It may suggest that Mercanto Holdings accelerated paying its suppliers.

Mercanto Holdings Days Payable Historical Data

The historical data trend for Mercanto Holdings'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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Mercanto Holdings Days Payable Chart

Mercanto Holdings Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Days Payable

235.73

143.46

113.98

123.60

Mercanto Holdings Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Days Payable	Get a 7-Day Free Trial												176.01	133.06	171.81	173.84	119.66

Competitive Comparison of Mercanto Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Mercanto Holdings'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.

Mercanto Holdings's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Mercanto Holdings's Days Payable falls into.

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Mercanto Holdings 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.

Mercanto Holdings's Days Payable for the fiscal year that ended in Jul. 2024 is calculated as

	Days Payable (A: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2023 )	+	Accounts Payable (A: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2024 )	*	Days in Period
=	( (0.675	+	0.643)	/	2 )	/	1.946	*	365
=	0.659					/	1.946	*	365
=	123.60

Mercanto Holdings's Days Payable for the quarter that ended in Jan. 2025 is calculated as:

	Days Payable (Q: Jan. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2024 )	+	Accounts Payable (Q: Jan. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2025 )	*	Days in Period
=	( (0.622	+	0.553)	/	2 )	/	0.448	*	365 / 4
=	0.5875					/	0.448	*	365 / 4
=	119.66

Mercanto Holdings Days Payable Related Terms

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Mercanto Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Mercanto Holdings Inc (OTCPK:TGSHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.mercantoholdings.com

Mercanto Holdings Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The company offers quality products that promote health, recreation, and well-being. The portfolio of the company includes different cannabis products, probiotic, functional mushroom beverages, and others.