Silo Wellness (XCNQ:SILO) Days Payable : 487.06 (As of Jul. 2023)

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What is Silo Wellness Days Payable?

Silo Wellness's average Accounts Payable for the three months ended in Jul. 2023 was C$0.62 Mil. Silo Wellness's Cost of Goods Sold for the three months ended in Jul. 2023 was C$0.12 Mil. Hence, Silo Wellness's Days Payable for the three months ended in Jul. 2023 was 487.06.

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

XCNQ:SILO' s Days Payable Range Over the Past 10 Years
Min: 382.42 Med: 889.69 Max: 4292.52
Current: 4292.52

During the past 3 years, Silo Wellness's highest Days Payable was 4292.52. The lowest was 382.42. And the median was 889.69.

XCNQ:SILO's Days Payable is not ranked
in the Drug Manufacturers industry.
Industry Median: 87.765 vs XCNQ:SILO: 4292.52

Silo Wellness's Days Payable declined from Jul. 2022 (3,079.69) to Jul. 2023 (487.06). It may suggest that Silo Wellness accelerated paying its suppliers.

Silo Wellness Days Payable Historical Data

The historical data trend for Silo Wellness'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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Silo Wellness Days Payable Chart

Silo Wellness Annual Data

Trend

Oct20

Oct21

Oct22

Days Payable

889.69

382.42

4,040.63

Silo Wellness Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Days Payable	Get a 7-Day Free Trial										3,079.69	4,031.10	33,707.75	11,094.18	487.06

Competitive Comparison of Silo Wellness's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Silo Wellness'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.

Silo Wellness's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Silo Wellness's Days Payable falls into.

Silo Wellness 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.

Silo Wellness's Days Payable for the fiscal year that ended in Oct. 2022 is calculated as

	Days Payable (A: Oct. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2021 )	+	Accounts Payable (A: Oct. 2022 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2022 )	*	Days in Period
=	( (0.854	+	5.611)	/	2 )	/	0.292	*	365
=	3.2325					/	0.292	*	365
=	4,040.63

Silo Wellness's Days Payable for the quarter that ended in Jul. 2023 is calculated as:

	Days Payable (Q: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (0.608	+	0.641)	/	2 )	/	0.117	*	365 / 4
=	0.6245					/	0.117	*	365 / 4
=	487.06

Silo Wellness Days Payable Related Terms

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Silo Wellness (XCNQ:SILO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Silo Wellness Inc (XCNQ:SILO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4

Website

https://www.silowellness.com

Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Executives

Michael Hartman

Director