Greenlane Renewables (TSX:GRN) Days Payable : 24.36 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Greenlane Renewables Days Payable?

Greenlane Renewables's average Accounts Payable for the three months ended in Mar. 2024 was C$3.62 Mil. Greenlane Renewables's Cost of Goods Sold for the three months ended in Mar. 2024 was C$13.54 Mil. Hence, Greenlane Renewables's Days Payable for the three months ended in Mar. 2024 was 24.36.

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

TSX:GRN' s Days Payable Range Over the Past 10 Years
Min: 5.45 Med: 17.37 Max: 32.93
Current: 29.92

During the past 6 years, Greenlane Renewables's highest Days Payable was 32.93. The lowest was 5.45. And the median was 17.37.

TSX:GRN's Days Payable is ranked worse than
89.07% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs TSX:GRN: 29.92

Greenlane Renewables's Days Payable declined from Mar. 2023 (27.98) to Mar. 2024 (24.36). It may suggest that Greenlane Renewables accelerated paying its suppliers.

Greenlane Renewables Days Payable Historical Data

The historical data trend for Greenlane Renewables'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.

* Premium members only.

Greenlane Renewables Days Payable Chart

Greenlane Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

32.93

17.37

5.45

14.72

27.95

Greenlane Renewables Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															27.98	32.29	52.71	22.13	24.36

Competitive Comparison of Greenlane Renewables's Days Payable

For the Specialty Industrial Machinery subindustry, Greenlane Renewables'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.

Greenlane Renewables's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greenlane Renewables's Days Payable distribution charts can be found below:

* The bar in red indicates where Greenlane Renewables's Days Payable falls into.

Greenlane Renewables 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.

Greenlane Renewables'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
=	( (3.944	+	3.007)	/	2 )	/	45.387	*	365
=	3.4755					/	45.387	*	365
=	27.95

Greenlane Renewables's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.007	+	4.223)	/	2 )	/	13.543	*	365 / 4
=	3.615					/	13.543	*	365 / 4
=	24.36

Greenlane Renewables Days Payable Related Terms

Thank you for viewing the detailed overview of Greenlane Renewables's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenlane Renewables (TSX:GRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenlane Renewables Inc (TSX:GRN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GRNWF:USA 52G:Germany

Address

3605 Gilmore Way, Suite 110, Burnaby, BC, CAN, V5G 4X5

Website

https://www.greenlanerenewables.com

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company generates revenue in the form of System sales and Aftercare services. The company has its geographic presence in Canada, Europe and United States and Others.

Executives

Candice Alderson

Director