Cannabusiness Group (Cannabusiness Group) Days Payable : 43.97 (As of Dec. 2007)

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What is Cannabusiness Group Days Payable?

Cannabusiness Group's average Accounts Payable for the six months ended in Dec. 2007 was $0.91 Mil. Cannabusiness Group's Cost of Goods Sold for the six months ended in Dec. 2007 was $7.58 Mil. Hence, Cannabusiness Group's Days Payable for the six months ended in Dec. 2007 was 21.99.

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

CBGI's Days Payable is not ranked ^*
in the Real Estate industry.
Industry Median: 98.03
* Ranked among companies with meaningful Days Payable only.

Cannabusiness Group's Days Payable declined from Dec. 2005 (90.63) to Dec. 2007 (43.97). It may suggest that Cannabusiness Group accelerated paying its suppliers.

Cannabusiness Group Days Payable Historical Data

The historical data trend for Cannabusiness Group'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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Cannabusiness Group Days Payable Chart

Cannabusiness Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Days Payable

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90.63

49.86

43.97

Cannabusiness Group Semi-Annual Data
	Dec96	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07
Days Payable	Get a 7-Day Free Trial							-	-	90.63	49.86	43.97

Competitive Comparison of Cannabusiness Group's Days Payable

For the Real Estate Services subindustry, Cannabusiness Group'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.

Cannabusiness Group's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cannabusiness Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Cannabusiness Group's Days Payable falls into.

Cannabusiness Group 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.

Cannabusiness Group's Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

	Days Payable (A: Dec. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2006 )	+	Accounts Payable (A: Dec. 2007 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2007 )	*	Days in Period
=	( (0.711	+	1.116)	/	2 )	/	7.583	*	365
=	0.9135					/	7.583	*	365
=	43.97

Cannabusiness Group's Days Payable for the quarter that ended in Dec. 2007 is calculated as:

	Days Payable (Q: Dec. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2006 )	+	Accounts Payable (Q: Dec. 2007 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2007 )	*	Days in Period
=	( (0.711	+	1.116)	/	2 )	/	7.583	*	365 / 2
=	0.9135					/	7.583	*	365 / 2
=	21.99

Cannabusiness Group Days Payable Related Terms

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Cannabusiness Group (Cannabusiness Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cannabusiness Group Inc (OTCPK:CBGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3133 Fortune Way, Suite 15, Wellington, FL, USA, 33414

Website

http://www.musclewarfare.com

Cannabusiness Group Inc is engaged in manufacturing sports nutrition. The company offers products including Napalm, Mre, Nuke and Thermofuse.

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