GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nate's Food Co (OTCPK:NHMD) » Definitions » Days Payable

Nate's Food Co (Nate's Food Co) Days Payable : 370.70 (As of Nov. 2023)


View and export this data going back to 2007. Start your Free Trial

What is Nate's Food Co Days Payable?

Nate's Food Co's average Accounts Payable for the three months ended in Nov. 2023 was $0.03 Mil. Nate's Food Co's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.01 Mil. Hence, Nate's Food Co's Days Payable for the three months ended in Nov. 2023 was 370.70.

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

NHMD' s Days Payable Range Over the Past 10 Years
Min: 172.55   Med: 281.62   Max: 108770
Current: 213.3

During the past 13 years, Nate's Food Co's highest Days Payable was 108770.00. The lowest was 172.55. And the median was 281.62.

NHMD's Days Payable is ranked better than
60.11% of 524 companies
in the Capital Markets industry
Industry Median: 98.105 vs NHMD: 213.30

Nate's Food Co's Days Payable increased from Nov. 2022 (302.27) to Nov. 2023 (370.70). It may suggest that Nate's Food Co delayed paying its suppliers.

Nate's Food Co Days Payable Historical Data

The historical data trend for Nate's Food 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.

Nate's Food Co Days Payable Chart

Nate's Food Co Annual Data
Trend Jun10 May14 May15 May16 May17 May18 May20 May21 May22 May23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 108,770.00 281.62 172.55

Nate's Food Co Quarterly Data
May17 Aug17 Nov17 Feb18 May18 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 302.27 315.23 167.29 172.99 370.70

Competitive Comparison of Nate's Food Co's Days Payable

For the Capital Markets subindustry, Nate's Food 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.

Nate's Food Co's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nate's Food Co's Days Payable distribution charts can be found below:

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


Nate's Food 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.

Nate's Food Co's Days Payable for the fiscal year that ended in May. 2023 is calculated as

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (0.006 + 0.046) / 2 ) / 0.055*365
=0.026 / 0.055*365
=172.55

Nate's Food Co's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

Days Payable (Q: Nov. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2023 ) + Accounts Payable (Q: Nov. 2023 )) / count ) / Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=( (0.045 + 0.02) / 2 ) / 0.008*365 / 4
=0.0325 / 0.008*365 / 4
=370.70

* 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.

Nate's Food Co Days Payable Related Terms

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

Nate's Food Co (Nate's Food Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nate's Food Co (OTCPK:NHMD) » Definitions » Days Payable
Comparable Companies
MNTR GMPW MGHL CCTL NCPL MGTI VTXB SYSX BEGI LGHL MS GS SCHW ASX:MQG SHSE:600030 BSP:BPAC3 RJF SHSE:601066 TW HKSE:03908
Traded in Other Exchanges
N/A
Address
15151 Springdale Street, Huntington Beach, CA, USA, 92649
Website
https://www.natesfoodco.com
Nate's Food Co is a food manufacturing and product company that manufactures, distributes, and sells ready-to-use, pre-mixed pancake and waffle batter. The Company is engaged in Bitcoin Mining which is the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. The company sells its products across the United States to a variety of customers through its online store.
Executives
Marc Alan Kassoff director, 10 percent owner, officer: CFO 15061 SPRINGDALE, SUITE 113, HUNTINGTON BEACH CA 92649
Timothy Lynn Denton officer: Sec. 15061 SPRINGDALE, SUITE 113, HUNTINGTON BEACH CA 92649