Lotus Ventures (XCNQ:J) Days Payable : 141.20 (As of Aug. 2023)

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What is Lotus Ventures Days Payable?

Lotus Ventures's average Accounts Payable for the three months ended in Aug. 2023 was C$1.39 Mil. Lotus Ventures's Cost of Goods Sold for the three months ended in Aug. 2023 was C$0.90 Mil. Hence, Lotus Ventures's Days Payable for the three months ended in Aug. 2023 was 141.20.

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

XCNQ:J' s Days Payable Range Over the Past 10 Years
Min: 45.98 Med: 79.28 Max: 351.28
Current: 187.56

During the past 12 years, Lotus Ventures's highest Days Payable was 351.28. The lowest was 45.98. And the median was 79.28.

XCNQ:J's Days Payable is ranked better than
81.72% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs XCNQ:J: 187.56

Lotus Ventures's Days Payable increased from Aug. 2022 (12.28) to Aug. 2023 (141.20). It may suggest that Lotus Ventures delayed paying its suppliers.

Lotus Ventures Days Payable Historical Data

The historical data trend for Lotus Ventures'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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Lotus Ventures Days Payable Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Days Payable

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351.28

79.28

45.98

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Days Payable	Get a 7-Day Free Trial															12.28	141.64	217.01	330.94	141.20

Competitive Comparison of Lotus Ventures's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Lotus Ventures'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.

Lotus Ventures's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Lotus Ventures's Days Payable falls into.

Lotus Ventures 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.

Lotus Ventures's Days Payable for the fiscal year that ended in Aug. 2022 is calculated as

	Days Payable (A: Aug. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2021 )	+	Accounts Payable (A: Aug. 2022 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2022 )	*	Days in Period
=	( (0.363	+	0.879)	/	2 )	/	4.93	*	365
=	0.621					/	4.93	*	365
=	45.98

Lotus Ventures's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (1.098	+	1.675)	/	2 )	/	0.896	*	365 / 4
=	1.3865					/	0.896	*	365 / 4
=	141.20

Lotus Ventures Days Payable Related Terms

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Lotus Ventures (XCNQ:J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lotus Ventures Inc (XCNQ:J) » Definitions » Days Payable

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LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.