The Planting Hope Co (The Planting Hope Co) Days Payable : 0.00 (As of Sep. 2023)

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What is The Planting Hope Co Days Payable?

The Planting Hope Co's average Accounts Payable for the three months ended in Sep. 2023 was $0.00 Mil. The Planting Hope Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $1.16 Mil. Hence, The Planting Hope Co's Days Payable for the three months ended in Sep. 2023 was 0.00.

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

MYLKF' s Days Payable Range Over the Past 10 Years
Min: 144.7 Med: 261.09 Max: 496.91
Current: 496.91

During the past 2 years, The Planting Hope Co's highest Days Payable was 496.91. The lowest was 144.70. And the median was 261.09.

MYLKF's Days Payable is ranked better than
97.09% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.66 vs MYLKF: 496.91

The Planting Hope Co's Days Payable declined from Jun. 2022 (175.26) to Sep. 2023 (0.00). It may suggest that The Planting Hope Co accelerated paying its suppliers.

The Planting Hope Co Days Payable Historical Data

The historical data trend for The Planting Hope 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.

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The Planting Hope Co Days Payable Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Days Payable

377.49

146.74

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial					175.26	144.09	248.87	-	-

Competitive Comparison of The Planting Hope Co's Days Payable

For the Packaged Foods subindustry, The Planting Hope 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.

The Planting Hope Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Days Payable distribution charts can be found below:

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

The Planting Hope 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.

The Planting Hope 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
=	( (1.3	+	4.1)	/	2 )	/	6.716	*	365
=	2.7					/	6.716	*	365
=	146.74

The Planting Hope 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	+	0)	/	1 )	/	1.161	*	365 / 4
=	0					/	1.161	*	365 / 4
=	0.00

The Planting Hope Co Days Payable Related Terms

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The Planting Hope Co (The Planting Hope Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (OTCPK:MYLKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

J94:Germany MYLK:Canada

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.