Grounded People Apparel (XCNQ:SHOE) Days Payable : 5,540.18 (As of Nov. 2024)

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What is Grounded People Apparel Days Payable?

Grounded People Apparel's average Accounts Payable for the three months ended in Nov. 2024 was C$0.43 Mil. Grounded People Apparel's Cost of Goods Sold for the three months ended in Nov. 2024 was C$0.01 Mil. Hence, Grounded People Apparel's Days Payable for the three months ended in Nov. 2024 was 5,540.18.

The historical rank and industry rank for Grounded People Apparel's Days Payable or its related term are showing as below:

XCNQ:SHOE' s Days Payable Range Over the Past 10 Years
Min: 183.72 Med: 1580.68 Max: 2977.63
Current: 1305.69

During the past 2 years, Grounded People Apparel's highest Days Payable was 2977.63. The lowest was 183.72. And the median was 1580.68.

XCNQ:SHOE's Days Payable is ranked better than
98.53% of 1017 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.64 vs XCNQ:SHOE: 1305.69

Grounded People Apparel's Days Payable increased from Nov. 2023 (0.00) to Nov. 2024 (5,540.18). It may suggest that Grounded People Apparel delayed paying its suppliers.

Grounded People Apparel Days Payable Historical Data

The historical data trend for Grounded People Apparel'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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Grounded People Apparel Days Payable Chart

Grounded People Apparel Annual Data

Trend

Feb23

Feb24

Days Payable

183.72

2,977.63

Grounded People Apparel Quarterly Data
	Aug21	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Days Payable	Get a 7-Day Free Trial							-	1,478.88	1,340.23	749.91	5,540.18

Competitive Comparison of Grounded People Apparel's Days Payable

For the Footwear & Accessories subindustry, Grounded People Apparel'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.

Grounded People Apparel's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grounded People Apparel's Days Payable distribution charts can be found below:

* The bar in red indicates where Grounded People Apparel's Days Payable falls into.

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Grounded People Apparel 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.

Grounded People Apparel's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (0.15	+	0.47)	/	2 )	/	0.038	*	365
=	0.31					/	0.038	*	365
=	2,977.63

Grounded People Apparel's Days Payable for the quarter that ended in Nov. 2024 is calculated as:

	Days Payable (Q: Nov. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2024 )	+	Accounts Payable (Q: Nov. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
=	( (0.452	+	0.398)	/	2 )	/	0.007	*	365 / 4
=	0.425					/	0.007	*	365 / 4
=	5,540.18

Grounded People Apparel Days Payable Related Terms

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Grounded People Apparel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grounded People Apparel Inc (XCNQ:SHOE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

K1G:Germany

Address

800 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.groundedpeople.com

Grounded People Apparel Inc is primarily engaged in the business of fair trade, sustainable and earth-conscious fashion. The Company's initial focus is on the design and production of shoes, and more specifically, high-top and low-cut canvassed sneakers.

Executives

Geoffrey Balderson

Director, Senior Officer

Grounded People Apparel Headlines

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