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Green Rise Foods (TSXV:GRF) Days Payable : 53.51 (As of Dec. 2023)


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What is Green Rise Foods Days Payable?

Green Rise Foods's average Accounts Payable for the three months ended in Dec. 2023 was C$4.54 Mil. Green Rise Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was C$7.74 Mil. Hence, Green Rise Foods's Days Payable for the three months ended in Dec. 2023 was 53.51.

The historical rank and industry rank for Green Rise Foods's Days Payable or its related term are showing as below:

TSXV:GRF' s Days Payable Range Over the Past 10 Years
Min: 28.52   Med: 73.42   Max: 88.7
Current: 88.7

During the past 7 years, Green Rise Foods's highest Days Payable was 88.70. The lowest was 28.52. And the median was 73.42.

TSXV:GRF's Days Payable is ranked better than
79.18% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.55 vs TSXV:GRF: 88.70

Green Rise Foods's Days Payable declined from Dec. 2022 (67.05) to Dec. 2023 (53.51). It may suggest that Green Rise Foods accelerated paying its suppliers.

Green Rise Foods Days Payable Historical Data

The historical data trend for Green Rise Foods'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.

Green Rise Foods Days Payable Chart

Green Rise Foods Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 28.52 54.36 73.42 84.98 83.20

Green Rise Foods Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 67.05 - 89.68 51.70 53.51

Competitive Comparison of Green Rise Foods's Days Payable

For the Farm Products subindustry, Green Rise Foods'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.

Green Rise Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Green Rise Foods's Days Payable falls into.


Green Rise Foods 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.

Green Rise Foods'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
=( (5.758 + 5.279) / 2 ) / 24.211*365
=5.5185 / 24.211*365
=83.20

Green Rise Foods's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (3.798 + 5.279) / 2 ) / 7.74*365 / 4
=4.5385 / 7.74*365 / 4
=53.51

* 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.

Green Rise Foods Days Payable Related Terms

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

Green Rise Foods (TSXV:GRF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Rise Foods Inc (TSXV:GRF) » Definitions » Days Payable
Comparable Companies
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Traded in Other Exchanges
N/A
Address
47 Colborne Street, Suite 301, Toronto, ON, CAN, M5E1P8
Website
https://www.greenrisefoods.ca
Green Rise Foods Inc is a grower of fresh produce. The company takes pride in providing high-quality, consistent and reliable products to meet the growing consumer demand for locally grown fresh produce. It seeks to optimize its operations to generate improved product quality and shelf life, expand profit margins, and provide investors with meaningful and growing returns. The seasonal operation consists of the growing, packaging, and sale of produce to majority of its customers.