DanCann Pharma AS (XSAT:DANCAN) Days Payable : 38.06 (As of Dec. 2023)

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What is DanCann Pharma AS Days Payable?

DanCann Pharma AS's average Accounts Payable for the three months ended in Dec. 2023 was kr1.24 Mil. DanCann Pharma AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr2.98 Mil. Hence, DanCann Pharma AS's Days Payable for the three months ended in Dec. 2023 was 38.06.

The historical rank and industry rank for DanCann Pharma AS's Days Payable or its related term are showing as below:

XSAT:DANCAN' s Days Payable Range Over the Past 10 Years
Min: 54.79 Med: 90.52 Max: 188.04
Current: 54.79

During the past 6 years, DanCann Pharma AS's highest Days Payable was 188.04. The lowest was 54.79. And the median was 90.52.

XSAT:DANCAN's Days Payable is ranked worse than
70.15% of 975 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs XSAT:DANCAN: 54.79

DanCann Pharma AS's Days Payable declined from Dec. 2022 (60.65) to Dec. 2023 (38.06). It may suggest that DanCann Pharma AS accelerated paying its suppliers.

DanCann Pharma AS Days Payable Historical Data

The historical data trend for DanCann Pharma AS'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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DanCann Pharma AS Days Payable Chart

DanCann Pharma AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.47

188.04

142.08

90.52

71.58

DanCann Pharma AS Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial														60.65	90.49	34.58	48.80	38.06

Competitive Comparison of DanCann Pharma AS's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, DanCann Pharma AS'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.

DanCann Pharma AS's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where DanCann Pharma AS's Days Payable falls into.

DanCann Pharma AS 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.

DanCann Pharma AS'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
=	( (2.749	+	1.093)	/	2 )	/	9.795	*	365
=	1.921					/	9.795	*	365
=	71.58

DanCann Pharma AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.394	+	1.093)	/	2 )	/	2.981	*	365 / 4
=	1.2435					/	2.981	*	365 / 4
=	38.06

DanCann Pharma AS Days Payable Related Terms

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DanCann Pharma AS (XSAT:DANCAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DanCann Pharma AS (XSAT:DANCAN) » Definitions » Days Payable

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Traded in Other Exchanges

DCPXF:USA

Address

Rugvaenget 5, Ansager, DNK, DK-6823

Website

https://www.dancann.com

DanCann Pharma AS is a Danish biopharmaceutical Company powered by cannabinoids. DanCann Pharma is a licensed production and distribution Company. The company is focused on discovering, developing, manufacturing, and commercializing novel cannabinoid therapeutics for a broad range of diseases.

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