VGFCQ (The Very Good Food Co) Days Payable: 124.05 (As of Sep. 2022)


VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Days Payable?

The Very Good Food Co VGFCQ -99.98% 12 Days Payable is 124.05 as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

The Very Good Food Co's average Accounts Payable for the three months ended in Sep. 2022 was $2.61 Mil. The Very Good Food Co's Cost of Goods Sold for the three months ended in Sep. 2022 was $1.92 Mil. Hence, The Very Good Food Co's Days Payable for the three months ended in Sep. 2022 was 124.05.

The historical rank and industry rank for The Very Good Food Co's Days Payable or its related term are showing as below:

VGFCQ's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 43.885
* Ranked among companies with meaningful Days Payable only.

The Very Good Food Co's Days Payable declined from Sep. 2021 (183.29) to Sep. 2022 (124.05). It may suggest that The Very Good Food Co accelerated paying its suppliers.

The Very Good Food Co Days Payable Historical Data

* Premium members only.

The historical data trend for The Very Good Food Co'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.

The Very Good Food Co Days Payable Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Days Payable
50.15 63.70 128.74

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 183.29 167.03 167.89 140.24 124.05

VGFCQ vs KHC, GIS, HRL: Days Payable Comparison

For the Packaged Foods subindustry, The Very Good Food Co'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.

The Very Good Food Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Very Good Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where The Very Good Food Co's Days Payable falls into.


VGFCQ
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The Very Good Food Co Inc VGFCQ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good Food Co 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.

The Very Good Food Co's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (0.916 + 3.967) / 2 ) / 6.922*365
=2.4415 / 6.922*365
=128.74

The Very Good Food Co's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

Days Payable (Q: Sep. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2022 ) + Accounts Payable (Q: Sep. 2022 )) / count ) / Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=( (3.449 + 1.763) / 2 ) / 1.917*365 / 4
=2.606 / 1.917*365 / 4
=124.05

* 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 124.05 mean?
The Very Good Food Co (VGFCQ) has a Days Payable of 124.05 as of Sep. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's Days Payable too high?
The Very Good Food Co's current Days Payable is 124.05. The Consumer Packaged Goods industry median Days Payable is 43.89. The Very Good Food Co's value of 124.05 is 182.7% above this industry median. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Days Payable compare to KHC and GIS?
The Very Good Food Co's Days Payable of 124.05 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 43.89. The Very Good Food Co's value of 124.05 is 182.7% 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.89, based on 1,884 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. The Very Good Food Co's current Days Payable of 124.05 is 182.7% 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 The Very Good Food Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Very Good Food Co's current Days Payable is 124.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Days Payable of 124.05. The current Days Payable is 124.05 and 182.7% above the Consumer Packaged Goods industry median of 43.89. The Very Good Food Co's 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 The Very Good Food Co (VGFCQ), the current Days Payable is 124.05 as of Sep. 2022. 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.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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