Urban-gro (Urban-gro) Days Payable : 185.03 (As of Mar. 2024)

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What is Urban-gro Days Payable?

Urban-gro's average Accounts Payable for the three months ended in Mar. 2024 was $25.20 Mil. Urban-gro's Cost of Goods Sold for the three months ended in Mar. 2024 was $12.43 Mil. Hence, Urban-gro's Days Payable for the three months ended in Mar. 2024 was 185.03.

The historical rank and industry rank for Urban-gro's Days Payable or its related term are showing as below:

UGRO' s Days Payable Range Over the Past 10 Years
Min: 25.9 Med: 49.11 Max: 129.51
Current: 129.51

During the past 6 years, Urban-gro's highest Days Payable was 129.51. The lowest was 25.90. And the median was 49.11.

UGRO's Days Payable is ranked better than
72.33% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs UGRO: 129.51

Urban-gro's Days Payable increased from Mar. 2023 (81.35) to Mar. 2024 (185.03). It may suggest that Urban-gro delayed paying its suppliers.

Urban-gro Days Payable Historical Data

The historical data trend for Urban-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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Urban-gro Days Payable Chart

Urban-gro Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.95

39.98

25.90

55.37

105.39

Urban-gro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															81.35	95.52	102.84	163.45	185.03

Competitive Comparison of Urban-gro's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Urban-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.

Urban-gro's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Urban-gro's Days Payable distribution charts can be found below:

* The bar in red indicates where Urban-gro's Days Payable falls into.

Urban-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.

Urban-gro'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
=	( (9.96	+	25.411)	/	2 )	/	61.251	*	365
=	17.6855					/	61.251	*	365
=	105.39

Urban-gro's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (25.411	+	24.987)	/	2 )	/	12.427	*	365 / 4
=	25.199					/	12.427	*	365 / 4
=	185.03

Urban-gro Days Payable Related Terms

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Urban-gro (Urban-gro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Urban-gro Inc (NAS:UGRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8P6:Germany

Address

1751 Panorama Point, Unit G, Lafayette, CO, USA, 80026

Website

https://www.urban-gro.com

Urban-gro Inc is a integrated professional services and construction design-build firm . we offer fully integrated architectural, engineering and cultivation systems integration company for commercial cannabis and food-focused Controlled Environment Agriculture (CEA) facilities. With experience in hundreds of CEA facilities spanning millions of square feet across the globe, the firm engineer, design, and integrate complex environmental equipment systems into high-performance facilities. Once operational, urban-gro's gro-care Managed Services Platform leverages the company's expertise to reduce downtime, provide continuity, and drive facility optimization.

Executives

Lewis Wilks	director	555 SEVENTEENTH STREET, 7TH FLOOR, DENVER CO 80202
Bradley John Nattrass	director, officer: Chief Executive Officer	5115 FOXGLOVE TRAIL, BROOMFIELD CO 80023
Jason T Archer	officer: Chief Operating Officer	883 CARBONATE LANE, ERIE CO 80516
Jim Dennedy	director, officer: President and COO	5269 W. 62ND AVENUE, ARVADA CO 80003
Sonia Lo	director	1751 PANORAMA POINT, UNIT G, LAFAYETTE CO 80026
Anita D Britt	director	3000 NW 107TH AVENUE, MIAMI FL 33172
David Hsu	director	1751 PANORAMA POINT, SUITE G, LAFAYETTE CO 80026
James Robert Lowe	director	5132 QUITMAN STREET, DENVER CO 80212
Richard Alan Akright	officer: Interim CFO	6549 S. BLACKHAWK WAY, AURORA CO 80016
Lance Galey	director	3940 CHIPPEWA DR, BOULDER CO 80303
James H. Dennedy	director	61 ROYAL BIRKDALE, SPRINGBORO OH 45066
George R Pullar	director	1750 PANORAMA POINT, UNIT 6, LAYFETTE CO 80026
Gutierrez Arias De La Parra Octavio	director, officer: Secretary	2537 PROSPECT COURT, BROOMFIELD CO 80023