MedMen Enterprises (XCNQ:MMEN) Days Payable : 126.10 (As of Mar. 2023)

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What is MedMen Enterprises Days Payable?

MedMen Enterprises's average Accounts Payable for the three months ended in Mar. 2023 was C$26.6 Mil. MedMen Enterprises's Cost of Goods Sold for the three months ended in Mar. 2023 was C$19.3 Mil. Hence, MedMen Enterprises's Days Payable for the three months ended in Mar. 2023 was 126.10.

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

XCNQ:MMEN's Days Payable is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 84.54
* Ranked among companies with meaningful Days Payable only.

MedMen Enterprises's Days Payable increased from Mar. 2022 (125.93) to Mar. 2023 (126.10). It may suggest that MedMen Enterprises delayed paying its suppliers.

MedMen Enterprises Days Payable Historical Data

The historical data trend for MedMen Enterprises'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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MedMen Enterprises Days Payable Chart

MedMen Enterprises Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Payable

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127.57

182.69

186.90

217.79

110.50

MedMen Enterprises Quarterly Data
	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															125.93	105.64	116.41	120.81	126.10

Competitive Comparison of MedMen Enterprises's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, MedMen Enterprises'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.

MedMen Enterprises's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where MedMen Enterprises's Days Payable falls into.

MedMen Enterprises 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.

MedMen Enterprises's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (28.865	+	26.244)	/	2 )	/	91.018	*	365
=	27.5545					/	91.018	*	365
=	110.50

MedMen Enterprises's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (26.712	+	26.523)	/	2 )	/	19.262	*	365 / 4
=	26.6175					/	19.262	*	365 / 4
=	126.10

MedMen Enterprises Days Payable Related Terms

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MedMen Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MedMen Enterprises Inc (XCNQ:MMEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10115 Jefferson Boulevard, Culver City, CA, USA, 90232

Website

https://www.medmen.com

MedMen Enterprises Inc formerly known as Ladera Ventures Corp is the preeminent cannabis company with multiple assets and operations in California, Nevada, and New York, which combined account for nearly half of North America's addressable legal market. The company owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail.

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