LQR House (LQR House) Days Payable : 64.80 (As of Dec. 2023)

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What is LQR House Days Payable?

LQR House's average Accounts Payable for the three months ended in Dec. 2023 was $0.37 Mil. LQR House's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.51 Mil. Hence, LQR House's Days Payable for the three months ended in Dec. 2023 was 64.80.

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

LQR' s Days Payable Range Over the Past 10 Years
Min: 37.74 Med: 81.14 Max: 147.51
Current: 147.51

During the past 3 years, LQR House's highest Days Payable was 147.51. The lowest was 37.74. And the median was 81.14.

LQR's Days Payable is ranked better than
73.04% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 79.59 vs LQR: 147.51

LQR House's Days Payable declined from Dec. 2022 (133.62) to Dec. 2023 (64.80). It may suggest that LQR House accelerated paying its suppliers.

LQR House Days Payable Historical Data

The historical data trend for LQR House'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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LQR House Days Payable Chart

LQR House Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

37.74

81.14

109.98

LQR House Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					133.62	256.03	279.79	282.15	64.80

Competitive Comparison of LQR House's Days Payable

For the Beverages - Wineries & Distilleries subindustry, LQR House'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.

LQR House's Days Payable Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where LQR House's Days Payable falls into.

LQR House 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.

LQR House'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
=	( (0.287	+	0.265)	/	2 )	/	0.916	*	365
=	0.276					/	0.916	*	365
=	109.98

LQR House's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.465	+	0.265)	/	2 )	/	0.514	*	365 / 4
=	0.365					/	0.514	*	365 / 4
=	64.80

LQR House Days Payable Related Terms

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LQR House (LQR House) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » LQR House Inc (NAS:LQR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6800 Indian Creek Drive, Suite 1E, Miami Beach, FL, USA, 33141

Website

https://www.lqrhouse.com

LQR House Inc intends to become the full-service digital marketing and brand development face of the alcoholic beverage space. It also intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy-to-use platform and become the one-stop shop for everything related to alcohol. The company's primary business includes the development of premium limited-batch spirit brands, establishing an exclusive wine club, and marketing internal and external brands through an exclusive agreement with a U.S.-based e-commerce portal. It believes that the marketing and brand management services it provides to its wholly owned and third-party clients will increase brand recognition thereof, and drive sales thereof through its e-commerce platform partner.

Executives

Sean Dollinger	director, 10 percent owner, officer: Chief Executive Officer	6800 INDIAN CREEK DRIVE, SUITE 1E, MIAMI BEACH FL 33141
Gary L Herman	director	720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
James C. Huber	director	127 FLORENCE DRIVE, JUPITER FL 33458
Kbros, Llc	10 percent owner	23658 SAN VICENTE ROAD, RAMONA CA 92065
Guy Dollinger	director	283 RUE PICASSO, DOLLARD-DES-ORMEAUX A8 H9A 3K2
Jaclyn Hoffman	officer: Chief Marketing Officer	166 2ND AVENUE, APT 2A, NEW YORK NY 10003
Kumar Abhishek	officer: Chief Financial Officer	25/3A, RAIL VIHAR, SECTOR 56, GURGAON K7 122002
Darren Collins	director	22 RIVERVIEW ROAD, ALLISTON A6 L9M 1R2
Alexandra Hoffman	director	6800 INDIAN CREEK DRIVE, APT 101, MIAMI BEACH FL 33141
James P. O'brien	director	3000-360 MAIN STREET, WINNIPEG A2 R3C 4G1