IM Cannabis (XCNQ:IMCC) Days Payable : 83.11 (As of Mar. 2024)

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What is IM Cannabis Days Payable?

IM Cannabis's average Accounts Payable for the three months ended in Mar. 2024 was C$9.37 Mil. IM Cannabis's Cost of Goods Sold for the three months ended in Mar. 2024 was C$10.28 Mil. Hence, IM Cannabis's Days Payable for the three months ended in Mar. 2024 was 83.11.

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

XCNQ:IMCC' s Days Payable Range Over the Past 10 Years
Min: 43.73 Med: 112.09 Max: 118.38
Current: 43.73

During the past 13 years, IM Cannabis's highest Days Payable was 118.38. The lowest was 43.73. And the median was 112.09.

XCNQ:IMCC's Days Payable is ranked worse than
79.53% of 972 companies
in the Drug Manufacturers industry
Industry Median: 89.29 vs XCNQ:IMCC: 43.73

IM Cannabis's Days Payable declined from Mar. 2023 (116.38) to Mar. 2024 (83.11). It may suggest that IM Cannabis accelerated paying its suppliers.

IM Cannabis Days Payable Historical Data

The historical data trend for IM Cannabis'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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IM Cannabis Days Payable Chart

IM Cannabis Annual Data

Trend

Apr13

Apr14

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.73

109.25

118.38

114.93

IM Cannabis Quarterly Data
	Apr19	Jul19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															116.38	87.13	29.74	29.36	83.11

Competitive Comparison of IM Cannabis's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, IM Cannabis'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.

IM Cannabis's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where IM Cannabis's Days Payable falls into.

IM Cannabis 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.

IM Cannabis'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
=	( (15.312	+	9.223)	/	2 )	/	38.958	*	365
=	12.2675					/	38.958	*	365
=	114.93

IM Cannabis's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (9.223	+	9.511)	/	2 )	/	10.284	*	365 / 4
=	9.367					/	10.284	*	365 / 4
=	83.11

IM Cannabis Days Payable Related Terms

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IM Cannabis (XCNQ:IMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IM Cannabis Corp (XCNQ:IMCC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IMCC:USA

Address

Central District, Kibbutz Glil Yam, ISR, 4690500

Website

https://www.imcannabis.com

IM Cannabis Corp is a Canada-based international medical cannabis company. It offers government-licensed cannabis products, from generic to GMP-certified and pharmaceutical-grade, for both wholesale and retail clients. The majority of its revenues are generated from sales of medical cannabis products to customers in Israel and recreational cannabis in Canada. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.

Executives

Rafael Gabay

10% Security Holder