XTXXF (Adastra Holdings) Days Payable : 39.97 (As of Sep. 2024)

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What is Adastra Holdings Days Payable?

Adastra Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $1.41 Mil. Adastra Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $3.23 Mil. Hence, Adastra Holdings's Days Payable for the three months ended in Sep. 2024 was 39.97.

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

XTXXF' s Days Payable Range Over the Past 10 Years
Min: 57.91 Med: 111.82 Max: 139.46
Current: 57.91

During the past 5 years, Adastra Holdings's highest Days Payable was 139.46. The lowest was 57.91. And the median was 111.82.

XTXXF's Days Payable is ranked worse than
66.49% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs XTXXF: 57.91

Adastra Holdings's Days Payable increased from Jun. 2023 (38.71) to Sep. 2024 (39.97). It may suggest that Adastra Holdings delayed paying its suppliers.

Adastra Holdings Days Payable Historical Data

The historical data trend for Adastra Holdings'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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Adastra Holdings Days Payable Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Days Payable

139.46

113.99

63.13

Adastra Holdings Quarterly Data
	Oct18	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															38.71	51.81	56.48	40.16	39.97

Competitive Comparison of Adastra Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Adastra Holdings'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.

Adastra Holdings's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Adastra Holdings's Days Payable falls into.

Adastra Holdings 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.

Adastra Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.203	+	1.576)	/	2 )	/	10.925	*	365
=	1.8895					/	10.925	*	365
=	63.13

Adastra Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.481	+	1.348)	/	2 )	/	3.229	*	365 / 4
=	1.4145					/	3.229	*	365 / 4
=	39.97

Adastra Holdings Days Payable Related Terms

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Adastra Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (OTCPK:XTXXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

D2E0:Germany XTRX:Canada

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.