YourWay Cannabis Brands (YourWay Cannabis Brands) Days Payable : 16.04 (As of Sep. 2021)

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What is YourWay Cannabis Brands Days Payable?

YourWay Cannabis Brands's average Accounts Payable for the three months ended in Sep. 2021 was $1.94 Mil. YourWay Cannabis Brands's Cost of Goods Sold for the three months ended in Sep. 2021 was $11.01 Mil. Hence, YourWay Cannabis Brands's Days Payable for the three months ended in Sep. 2021 was 16.04.

The historical rank and industry rank for YourWay Cannabis Brands's Days Payable or its related term are showing as below:

YOURF's Days Payable is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 88.69
* Ranked among companies with meaningful Days Payable only.

YourWay Cannabis Brands's Days Payable declined from Sep. 2020 (17.96) to Sep. 2021 (16.04). It may suggest that YourWay Cannabis Brands accelerated paying its suppliers.

YourWay Cannabis Brands Days Payable Historical Data

The historical data trend for YourWay Cannabis Brands'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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YourWay Cannabis Brands Days Payable Chart

YourWay Cannabis Brands Annual Data

Trend

Dec19

Dec20

Days Payable

84.97

19.20

YourWay Cannabis Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial				17.96	17.75	15.29	18.14	16.04

Competitive Comparison of YourWay Cannabis Brands's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, YourWay Cannabis Brands'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.

YourWay Cannabis Brands's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where YourWay Cannabis Brands's Days Payable falls into.

YourWay Cannabis Brands 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.

YourWay Cannabis Brands's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.274	+	2.613)	/	2 )	/	27.446	*	365
=	1.4435					/	27.446	*	365
=	19.20

YourWay Cannabis Brands's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (1.354	+	2.516)	/	2 )	/	11.005	*	365 / 4
=	1.935					/	11.005	*	365 / 4
=	16.04

YourWay Cannabis Brands Days Payable Related Terms

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YourWay Cannabis Brands (YourWay Cannabis Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » YourWay Cannabis Brands Inc (OTCPK:YOURF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.hollistercannabisco.com

YourWay Cannabis Brands Inc is a multi-state operator with sales and operations in Arizona and California. Through building own brands, partnering with others, and providing white-labelled product, company is dedicated towards expanding the reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.