GreenSpace Brands (TSXV:JTR.H) Days Payable : 60.73 (As of Dec. 2022)

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What is GreenSpace Brands Days Payable?

GreenSpace Brands's average Accounts Payable for the three months ended in Dec. 2022 was C$2.23 Mil. GreenSpace Brands's Cost of Goods Sold for the three months ended in Dec. 2022 was C$3.34 Mil. Hence, GreenSpace Brands's Days Payable for the three months ended in Dec. 2022 was 60.73.

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

TSXV:JTR.H's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 45.835
* Ranked among companies with meaningful Days Payable only.

GreenSpace Brands's Days Payable declined from Dec. 2021 (62.95) to Dec. 2022 (60.73). It may suggest that GreenSpace Brands accelerated paying its suppliers.

GreenSpace Brands Days Payable Historical Data

The historical data trend for GreenSpace Brands'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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GreenSpace Brands Days Payable Chart

GreenSpace Brands Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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53.10

56.22

66.98

91.07

88.58

GreenSpace Brands Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Payable	Get a 7-Day Free Trial															62.95	51.27	45.71	57.06	60.73

Competitive Comparison of GreenSpace Brands's Days Payable

For the Packaged Foods subindustry, GreenSpace Brands'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.

GreenSpace Brands's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where GreenSpace Brands's Days Payable falls into.

GreenSpace Brands 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.

GreenSpace Brands's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (4.292	+	1.539)	/	2 )	/	12.014	*	365
=	2.9155					/	12.014	*	365
=	88.58

GreenSpace Brands's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (2.081	+	2.369)	/	2 )	/	3.343	*	365 / 4
=	2.225					/	3.343	*	365 / 4
=	60.73

GreenSpace Brands Days Payable Related Terms

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GreenSpace Brands (TSXV:JTR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GreenSpace Brands Inc (TSXV:JTR.H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2087 Dundas Street East, Suite 106, Mississauga, ON, CAN, L4X 2V7

Website

https://www.greenspacebrands.ca

GreenSpace Brands Inc is an organic and natural food company. It is engaged in the creation of natural food products and sale of brands in Canadian natural food industry. The company's brands include Life Choices, Rolling Meadow Dairy, Holistic Choice Pet Food, Nudge, Love Child organics, Central Roast, and Kiju organic. Life Choices Natural Foods offers meat products made with grass-fed and pasture-raised without the use of added hormones and antibiotics. Rolling Meadow Dairy provides products made with grass-fed milk. Holistic Choice Pet Food offers natural pet food. The Nudge brand is a line of family foods. Love Child Organics provides healthy, organic baby and children's food products.

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