VFRM (Veritas Farms) Days Payable: 718.03 (As of Sep. 2023)

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VFRM Veritas Farms Inc VFRM
12 GF Score
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What is Veritas Farms Days Payable?

Veritas Farms VFRM 12 Days Payable is 718.03 as of Sep. 2023. GuruFocus rates VFRM with a GF Score™ of 12/100.

Veritas Farms's average Accounts Payable for the three months ended in Sep. 2023 was $1.44 Mil. Veritas Farms's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.18 Mil. Hence, Veritas Farms's Days Payable for the three months ended in Sep. 2023 was 718.03.

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

VFRM's Days Payable is not ranked *
in the Drug Manufacturers industry.
Industry Median: 90.38
* Ranked among companies with meaningful Days Payable only.

Veritas Farms's Days Payable increased from Sep. 2022 (329.65) to Sep. 2023 (718.03). It may suggest that Veritas Farms delayed paying its suppliers.

Veritas Farms Days Payable Historical Data

* Premium members only.

The historical data trend for Veritas Farms'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.

Veritas Farms Days Payable Chart

Veritas Farms Annual Data
Trend Jan16 Jan17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial 28.95 83.70 200.43 153.00 199.29

Veritas Farms Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 329.65 79.68 706.20 202.49 718.03

VFRM vs STMH, NXEN, ENDPQ: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms'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.

Veritas Farms Days Payable vs Drug Manufacturers Industry

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

* The bar in red indicates where Veritas Farms's Days Payable falls into.


VFRM
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Veritas Farms Inc VFRM
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Veritas Farms 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.

Veritas Farms's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.423 + 1.248) / 2 ) / 2.446*365
=1.3355 / 2.446*365
=199.29

Veritas Farms's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (1.228 + 1.652) / 2 ) / 0.183*365 / 4
=1.44 / 0.183*365 / 4
=718.03

* 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 718.03 mean?
Veritas Farms (VFRM) has a Days Payable of 718.03 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Veritas Farms and its competitors.
Is Veritas Farms' Days Payable too high?
Veritas Farms' current Days Payable is 718.03. The Drug Manufacturers industry median Days Payable is 90.38. Veritas Farms' value of 718.03 is 694.5% above this industry median. Overall, Veritas Farms has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Veritas Farms' Days Payable compare to STMH and NXEN?
Veritas Farms' Days Payable of 718.03 can be compared against companies in the Drug Manufacturers industry. The industry median Days Payable is 90.38. Veritas Farms' value of 718.03 is 694.5% above 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 Drug Manufacturers company?
The median Days Payable among Drug Manufacturers companies is 90.38, based on 927 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. Veritas Farms's current Days Payable of 718.03 is 694.5% above 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 Veritas Farms and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veritas Farms's current Days Payable is 718.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veritas Farms stock overvalued right now?
Veritas Farms (VFRM) has a current Days Payable of 718.03. The current Days Payable is 718.03 and 694.5% above the Drug Manufacturers industry median of 90.38. Veritas Farms' overall GF Score™ is 12/100. 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 Veritas Farms (VFRM), the current Days Payable is 718.03 as of Sep. 2023. 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.

Veritas Farms Business Description

Address 401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001
Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.
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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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