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Hempacco Co (Hempacco Co) Days Payable : 29.10 (As of Sep. 2023)


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What is Hempacco Co Days Payable?

Hempacco Co's average Accounts Payable for the three months ended in Sep. 2023 was $0.56 Mil. Hempacco Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $1.76 Mil. Hence, Hempacco Co's Days Payable for the three months ended in Sep. 2023 was 29.10.

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

HPCO' s Days Payable Range Over the Past 10 Years
Min: 31.23   Med: 162.34   Max: 201.56
Current: 41.56

During the past 3 years, Hempacco Co's highest Days Payable was 201.56. The lowest was 31.23. And the median was 162.34.

HPCO's Days Payable is ranked worse than
61.22% of 49 companies
in the Tobacco Products industry
Industry Median: 45.42 vs HPCO: 41.56

Hempacco Co's Days Payable declined from Sep. 2022 (63.71) to Sep. 2023 (29.10). It may suggest that Hempacco Co accelerated paying its suppliers.

Hempacco Co Days Payable Historical Data

The historical data trend for Hempacco Co'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.

Hempacco Co Days Payable Chart

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22
Days Payable
201.56 162.34 31.23

Hempacco Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.71 34.48 54.82 65.59 29.10

Competitive Comparison of Hempacco Co's Days Payable

For the Tobacco subindustry, Hempacco Co'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.

Hempacco Co's Days Payable Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Hempacco Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hempacco Co's Days Payable falls into.


Hempacco Co 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.

Hempacco Co'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
=( (0.26 + 0.378) / 2 ) / 3.728*365
=0.319 / 3.728*365
=31.23

Hempacco Co'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
=( (0.373 + 0.752) / 2 ) / 1.764*365 / 4
=0.5625 / 1.764*365 / 4
=29.10

* 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.

Hempacco Co Days Payable Related Terms

Thank you for viewing the detailed overview of Hempacco Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Hempacco Co (Hempacco Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Hempacco Co Inc (NAS:HPCO) » Definitions » Days Payable
Comparable Companies
XXII VPRB KAVL CBDW GNLN CHUC PYYX PM MO LSE:BATS NSE:ITC TSE:2914 LSE:IMB XKRX:033780 ISX:HMSP HKSE:06969 ISX:GGRM DHA:BATBC CAI:EAST XPRA:TABAK
Traded in Other Exchanges
N/A
Address
9925 Airway Road, San Diego, CA, USA, 92154
Website
https://hempaccoinc.com
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.
Executives
Stuart W Titus director 2015 S. TUTTLE AVE A, SARASOTA FL 34239
Sandro Piancone director, 10 percent owner, officer: CEO & President 826 SCENIC TERRANCE PLACE, CHULA VISTA CA 92154
Neville Pearson officer: Chief Financial Officer 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Miki Stephens director 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Jerry Halamuda director 9925 AIRWAY ROAD, SAN DIEGO CA 92154