TLLTF (TILT Holdings) Days Payable : 175.18 (As of Sep. 2024)

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What is TILT Holdings Days Payable?

TILT Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $44.5 Mil. TILT Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $23.2 Mil. Hence, TILT Holdings's Days Payable for the three months ended in Sep. 2024 was 175.18.

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

TLLTF' s Days Payable Range Over the Past 10 Years
Min: 83.31 Med: 118.93 Max: 824.53
Current: 153.84

During the past 13 years, TILT Holdings's highest Days Payable was 824.53. The lowest was 83.31. And the median was 118.93.

TLLTF's Days Payable is ranked better than
76.81% of 953 companies
in the Drug Manufacturers industry
Industry Median: 85.16 vs TLLTF: 153.84

TILT Holdings's Days Payable increased from Sep. 2023 (106.89) to Sep. 2024 (175.18). It may suggest that TILT Holdings delayed paying its suppliers.

TILT Holdings Days Payable Historical Data

The historical data trend for TILT 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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TILT Holdings Days Payable Chart

TILT Holdings Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.40

131.08

83.28

116.78

123.21

TILT Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															106.89	123.49	144.64	193.67	175.18

Competitive Comparison of TILT Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, TILT 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.

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

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

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

TILT 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.

TILT Holdings'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
=	( (49.261	+	46.326)	/	2 )	/	141.58	*	365
=	47.7935					/	141.58	*	365
=	123.21

TILT Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (43.482	+	45.487)	/	2 )	/	23.172	*	365 / 4
=	44.4845					/	23.172	*	365 / 4
=	175.18

TILT Holdings Days Payable Related Terms

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TILT Holdings Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0T01:Germany TILT:Canada

Address

2801 East Camelback Road, Suite 180, Phoenix, AZ, USA, 85016

Website

https://www.tiltholdings.com

TILT Holdings Inc is a business solutions provider to the cannabis industry. The company helps cannabis businesses build brands through a portfolio of companies providing technology, hardware, cultivation, and production. The operating segments of the company are Cannabis, Accessories, Corporate, and others. The majority of the revenue is generated from the Accessories segment which is engaged in the manufacturing and distribution of electronic, non-nicotine (i.e., cannabis) devices and systems. The company's geographical segments include the United States, Canada, and others, of which the majority of the revenue is generated from the United States.