Accredited Solutions (Accredited Solutions) Days Payable : 106.96 (As of Sep. 2023)

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What is Accredited Solutions Days Payable?

Accredited Solutions's average Accounts Payable for the three months ended in Sep. 2023 was $0.14 Mil. Accredited Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.12 Mil. Hence, Accredited Solutions's Days Payable for the three months ended in Sep. 2023 was 106.96.

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

ASII' s Days Payable Range Over the Past 10 Years
Min: 20.22 Med: 24.06 Max: 98.78
Current: 74.84

During the past 13 years, Accredited Solutions's highest Days Payable was 98.78. The lowest was 20.22. And the median was 24.06.

ASII's Days Payable is ranked better than
60.55% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 58.93 vs ASII: 74.84

Accredited Solutions's Days Payable increased from Sep. 2022 (43.17) to Sep. 2023 (106.96). It may suggest that Accredited Solutions delayed paying its suppliers.

Accredited Solutions Days Payable Historical Data

The historical data trend for Accredited Solutions'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.

* Premium members only.

Accredited Solutions Days Payable Chart

Accredited Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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24.06

20.22

98.78

Accredited Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															43.17	63.35	68.09	44.79	106.96

Competitive Comparison of Accredited Solutions's Days Payable

For the Beverages - Non-Alcoholic subindustry, Accredited Solutions'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.

Accredited Solutions's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Accredited Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Accredited Solutions's Days Payable falls into.

Accredited Solutions 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.

Accredited Solutions's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.105)	/	1 )	/	0.388	*	365
=	0.105					/	0.388	*	365
=	98.78

Accredited Solutions's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.071	+	0.215)	/	2 )	/	0.122	*	365 / 4
=	0.143					/	0.122	*	365 / 4
=	106.96

Accredited Solutions Days Payable Related Terms

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Accredited Solutions (Accredited Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031

Website

https://www.goodhemplivin.com

Accredited Solutions Inc formerly Good Hemp Inc is engaged in a hemp-derived CBD-infused line of consumer beverages sold under the Good Hemp brand. The company's current products include high-alkaline water products, hemp-based beverage products under the Good Hemp brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp products include two lines of hemp-based beverages. Good Hemp 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, good-for-you, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Good Hemp fizz is a line-up of carbonated refreshing, all-natural, good-for-you, ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist.

Executives

Alessi William Rosario Jr	director, officer: Chief Executive Officer	20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas	director	7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris	director, 10 percent owner, officer: President, Sec'y & Treasurer	98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden	10 percent owner	15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P