Red Light Holland (XCNQ:TRIP) Days Payable : 102.58 (As of Dec. 2023)

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What is Red Light Holland Days Payable?

Red Light Holland's average Accounts Payable for the three months ended in Dec. 2023 was C$0.84 Mil. Red Light Holland's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.75 Mil. Hence, Red Light Holland's Days Payable for the three months ended in Dec. 2023 was 102.58.

The historical rank and industry rank for Red Light Holland's Days Payable or its related term are showing as below:

XCNQ:TRIP' s Days Payable Range Over the Past 10 Years
Min: 88.12 Med: 125.98 Max: 2856.52
Current: 102.7

During the past 5 years, Red Light Holland's highest Days Payable was 2856.52. The lowest was 88.12. And the median was 125.98.

XCNQ:TRIP's Days Payable is ranked better than
58.48% of 973 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs XCNQ:TRIP: 102.70

Red Light Holland's Days Payable increased from Dec. 2022 (89.08) to Dec. 2023 (102.58). It may suggest that Red Light Holland delayed paying its suppliers.

Red Light Holland Days Payable Historical Data

The historical data trend for Red Light Holland'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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Red Light Holland Days Payable Chart

Red Light Holland Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

2,856.52

125.98

88.12

Red Light Holland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															89.08	82.90	95.28	132.89	102.58

Competitive Comparison of Red Light Holland's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.

Red Light Holland's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Red Light Holland's Days Payable falls into.

Red Light Holland 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.

Red Light Holland's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.459	+	0.624)	/	2 )	/	2.243	*	365
=	0.5415					/	2.243	*	365
=	88.12

Red Light Holland's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.773	+	0.902)	/	2 )	/	0.745	*	365 / 4
=	0.8375					/	0.745	*	365 / 4
=	102.58

Red Light Holland Days Payable Related Terms

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Red Light Holland (XCNQ:TRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red Light Holland Corp (XCNQ:TRIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRUFF:USA 4YX:Germany

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.redlight.co

Red Light Holland Corp is engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.

Executives

Ann Catherine Barnes

Director