CO2 Gro (TSXV:GROW) Days Payable : 94.54 (As of Sep. 2023)

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What is CO2 Gro Days Payable?

CO2 Gro's average Accounts Payable for the three months ended in Sep. 2023 was C$0.12 Mil. CO2 Gro's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.11 Mil. Hence, CO2 Gro's Days Payable for the three months ended in Sep. 2023 was 94.54.

The historical rank and industry rank for CO2 Gro's Days Payable or its related term are showing as below:

TSXV:GROW' s Days Payable Range Over the Past 10 Years
Min: 215.48 Med: 241.29 Max: 1199.98
Current: 215.48

During the past 12 years, CO2 Gro's highest Days Payable was 1199.98. The lowest was 215.48. And the median was 241.29.

TSXV:GROW's Days Payable is ranked better than
90.21% of 235 companies
in the Agriculture industry
Industry Median: 79.24 vs TSXV:GROW: 215.48

CO2 Gro's Days Payable declined from Jun. 2022 (144.88) to Sep. 2023 (94.54). It may suggest that CO2 Gro accelerated paying its suppliers.

CO2 Gro Days Payable Historical Data

The historical data trend for CO2 Gro'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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CO2 Gro Days Payable Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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1,199.98

229.95

252.63

225.14

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															144.88	136.88	295.04	416.10	94.54

Competitive Comparison of CO2 Gro's Days Payable

For the Agricultural Inputs subindustry, CO2 Gro'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.

CO2 Gro's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's Days Payable distribution charts can be found below:

* The bar in red indicates where CO2 Gro's Days Payable falls into.

CO2 Gro 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.

CO2 Gro'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
=	( (0.151	+	0.113)	/	2 )	/	0.214	*	365
=	0.132					/	0.214	*	365
=	225.14

CO2 Gro'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.115	+	0)	/	1 )	/	0.111	*	365 / 4
=	0.115					/	0.111	*	365 / 4
=	94.54

CO2 Gro Days Payable Related Terms

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CO2 Gro (TSXV:GROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (TSXV:GROW) » Definitions » Days Payable

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BLONF:USA

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.

Executives

Stephen Mark Gledhill

Senior Officer