The Hempshire Group (TSXV:HMPG) Days Payable : 696.66 (As of Sep. 2023)

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What is The Hempshire Group Days Payable?

The Hempshire Group's average Accounts Payable for the three months ended in Sep. 2023 was C$0.40 Mil. The Hempshire Group's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.05 Mil. Hence, The Hempshire Group's Days Payable for the three months ended in Sep. 2023 was 696.66.

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

TSXV:HMPG' s Days Payable Range Over the Past 10 Years
Min: 378.24 Med: 696.3 Max: 1014.36
Current: 831.88

During the past 2 years, The Hempshire Group's highest Days Payable was 1014.36. The lowest was 378.24. And the median was 696.30.

TSXV:HMPG's Days Payable is ranked better than
95.48% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.36 vs TSXV:HMPG: 831.88

The Hempshire Group's Days Payable increased from Sep. 2022 (456.25) to Sep. 2023 (696.66). It may suggest that The Hempshire Group delayed paying its suppliers.

The Hempshire Group Days Payable Historical Data

The historical data trend for The Hempshire Group'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 Hempshire Group Days Payable Chart

The Hempshire Group Annual Data

Trend

Dec21

Dec22

Days Payable

378.24

1,014.36

The Hempshire Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial			456.25	1,088.92	952.76	970.13	696.66

Competitive Comparison of The Hempshire Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, The Hempshire Group'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 Hempshire Group's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, The Hempshire Group's Days Payable distribution charts can be found below:

* The bar in red indicates where The Hempshire Group's Days Payable falls into.

The Hempshire Group 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 Hempshire Group'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
=	( (0.2	+	0.278)	/	2 )	/	0.086	*	365
=	0.239					/	0.086	*	365
=	1,014.36

The Hempshire Group'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
=	( (0.376	+	0.418)	/	2 )	/	0.052	*	365 / 4
=	0.397					/	0.052	*	365 / 4
=	696.66

The Hempshire Group Days Payable Related Terms

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

The Hempshire Group (TSXV:HMPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Hempshire Group Inc (TSXV:HMPG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 East Research Drive, Suite 2, Palm Springs, CA, USA, 92262

Website

https://www.hempshiregroup.com

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