ROMJF (Rubicon Organics) Days Payable : 19.31 (As of Jun. 2024)

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What is Rubicon Organics Days Payable?

Rubicon Organics's average Accounts Payable for the three months ended in Jun. 2024 was $1.24 Mil. Rubicon Organics's Cost of Goods Sold for the three months ended in Jun. 2024 was $5.88 Mil. Hence, Rubicon Organics's Days Payable for the three months ended in Jun. 2024 was 19.31.

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

ROMJF' s Days Payable Range Over the Past 10 Years
Min: 9.21 Med: 28.69 Max: 378.1
Current: 15.8

During the past 8 years, Rubicon Organics's highest Days Payable was 378.10. The lowest was 9.21. And the median was 28.69.

ROMJF's Days Payable is ranked worse than
97.69% of 951 companies
in the Drug Manufacturers industry
Industry Median: 85.24 vs ROMJF: 15.80

Rubicon Organics's Days Payable increased from Jun. 2023 (10.20) to Jun. 2024 (19.31). It may suggest that Rubicon Organics delayed paying its suppliers.

Rubicon Organics Days Payable Historical Data

The historical data trend for Rubicon Organics'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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Rubicon Organics Days Payable Chart

Rubicon Organics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.94

28.68

19.76

9.09

Rubicon Organics Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															10.20	8.87	12.62	16.49	19.31

Competitive Comparison of Rubicon Organics's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Rubicon Organics'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.

Rubicon Organics's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Rubicon Organics's Days Payable falls into.

Rubicon Organics 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.

Rubicon Organics'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
=	( (0.501	+	0)	/	1 )	/	20.107	*	365
=	0.501					/	20.107	*	365
=	9.09

Rubicon Organics's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.872	+	1.616)	/	2 )	/	5.878	*	365 / 4
=	1.244					/	5.878	*	365 / 4
=	19.31

Rubicon Organics Days Payable Related Terms

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Rubicon Organics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rubicon Organics Inc (OTCPK:ROMJF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ROMJ:Canada

Address

744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5

Website

https://www.rubiconorganics.com

Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.