TOBAF (TAAT Global Alternatives) Days Payable: 13.92 (As of Jul. 2024)


TOBAF TAAT Global Alternatives Inc TOBAF
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What is TAAT Global Alternatives Days Payable?

TAAT Global Alternatives TOBAF 10 Days Payable is 13.92 as of Jul. 2024. GuruFocus rates TOBAF with a GF Score™ of 10/100.

TAAT Global Alternatives's average Accounts Payable for the three months ended in Jul. 2024 was $2.55 Mil. TAAT Global Alternatives's Cost of Goods Sold for the three months ended in Jul. 2024 was $16.71 Mil. Hence, TAAT Global Alternatives's Days Payable for the three months ended in Jul. 2024 was 13.92.

The historical rank and industry rank for TAAT Global Alternatives's Days Payable or its related term are showing as below:

TOBAF's Days Payable is not ranked *
in the Tobacco Products industry.
Industry Median: 54
* Ranked among companies with meaningful Days Payable only.

TAAT Global Alternatives's Days Payable increased from Jul. 2023 (8.30) to Jul. 2024 (13.92). It may suggest that TAAT Global Alternatives delayed paying its suppliers.

TAAT Global Alternatives Days Payable Historical Data

* Premium members only.

The historical data trend for TAAT Global Alternatives'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.

TAAT Global Alternatives Days Payable Chart

TAAT Global Alternatives Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 785.23 142.08 13.00 9.66

TAAT Global Alternatives Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 8.30 13.06 14.88 15.47 13.92

TOBAF vs VPRB, XXII, CBDW: Days Payable Comparison

For the Tobacco subindustry, TAAT Global Alternatives'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.

TAAT Global Alternatives Days Payable vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's Days Payable distribution charts can be found below:

* The bar in red indicates where TAAT Global Alternatives's Days Payable falls into.


TOBAF
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TAAT Global Alternatives Inc TOBAF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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TAAT Global Alternatives 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.

TAAT Global Alternatives's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

Days Payable (A: Oct. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Oct. 2022 ) + Accounts Payable (A: Oct. 2023 )) / count ) / Cost of Goods Sold (A: Oct. 2023 )*Days in Period
=( (1.245 + 2.303) / 2 ) / 67.055*365
=1.774 / 67.055*365
=9.66

TAAT Global Alternatives's Days Payable for the quarter that ended in Jul. 2024 is calculated as:

Days Payable (Q: Jul. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Apr. 2024 ) + Accounts Payable (Q: Jul. 2024 )) / count ) / Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=( (2.443 + 2.656) / 2 ) / 16.712*365 / 4
=2.5495 / 16.712*365 / 4
=13.92

* 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 13.92 mean?
TAAT Global Alternatives (TOBAF) has a Days Payable of 13.92 as of Jul. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TAAT Global Alternatives and its competitors.
Is TAAT Global Alternatives' Days Payable too high?
TAAT Global Alternatives' current Days Payable is 13.92. The Tobacco Products industry median Days Payable is 54.00. TAAT Global Alternatives' value of 13.92 is 74.2% below this industry median. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' Days Payable compare to VPRB and XXII?
TAAT Global Alternatives' Days Payable of 13.92 can be compared against companies in the Tobacco Products industry. The industry median Days Payable is 54.00. TAAT Global Alternatives' value of 13.92 is 74.2% 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 Tobacco Products company?
The median Days Payable among Tobacco Products companies is 54.00, based on 47 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. TAAT Global Alternatives's current Days Payable of 13.92 is 74.2% 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 TAAT Global Alternatives and its competitors. For the Tobacco Products industry, the median Days Payable is 54.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAAT Global Alternatives's current Days Payable is 13.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current Days Payable of 13.92. The current Days Payable is 13.92 and 74.2% below the Tobacco Products industry median of 54.00. TAAT Global Alternatives' overall GF Score™ is 10/100. 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 TAAT Global Alternatives (TOBAF), the current Days Payable is 13.92 as of Jul. 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.

TAAT Global Alternatives Business Description

Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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