Modern Plant Based Foods (XCNQ:MEAT) Days Payable : 561.19 (As of Nov. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Modern Plant Based Foods Days Payable?

Modern Plant Based Foods's average Accounts Payable for the three months ended in Nov. 2023 was C$0.86 Mil. Modern Plant Based Foods's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.14 Mil. Hence, Modern Plant Based Foods's Days Payable for the three months ended in Nov. 2023 was 561.19.

The historical rank and industry rank for Modern Plant Based Foods's Days Payable or its related term are showing as below:

XCNQ:MEAT' s Days Payable Range Over the Past 10 Years
Min: 157.55 Med: 332.26 Max: 1270.74
Current: 598.49

During the past 13 years, Modern Plant Based Foods's highest Days Payable was 1270.74. The lowest was 157.55. And the median was 332.26.

XCNQ:MEAT's Days Payable is ranked better than
97.65% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs XCNQ:MEAT: 598.49

Modern Plant Based Foods's Days Payable increased from Nov. 2022 (356.58) to Nov. 2023 (561.19). It may suggest that Modern Plant Based Foods delayed paying its suppliers.

Modern Plant Based Foods Days Payable Historical Data

The historical data trend for Modern Plant Based Foods'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.

Modern Plant Based Foods Days Payable Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Days Payable

Get a 7-Day Free Trial

1,270.74

157.55

207.85

456.67

Modern Plant Based Foods Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															356.58	477.35	825.91	602.95	561.19

Competitive Comparison of Modern Plant Based Foods's Days Payable

For the Packaged Foods subindustry, Modern Plant Based Foods'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.

Modern Plant Based Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Plant Based Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Modern Plant Based Foods's Days Payable falls into.

Modern Plant Based Foods 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.

Modern Plant Based Foods's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.775	+	0.844)	/	2 )	/	0.647	*	365
=	0.8095					/	0.647	*	365
=	456.67

Modern Plant Based Foods'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
=	( (0.844	+	0.878)	/	2 )	/	0.14	*	365 / 4
=	0.861					/	0.14	*	365 / 4
=	561.19

Modern Plant Based Foods Days Payable Related Terms

Thank you for viewing the detailed overview of Modern Plant Based Foods's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

Modern Plant Based Foods (XCNQ:MEAT) Headlines

No Headlines