Aurora Cannabis (TSX:ACB) Days Payable : 38.23 (As of Dec. 2023)

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What is Aurora Cannabis Days Payable?

Aurora Cannabis's average Accounts Payable for the three months ended in Dec. 2023 was C$18.7 Mil. Aurora Cannabis's Cost of Goods Sold for the three months ended in Dec. 2023 was C$44.6 Mil. Hence, Aurora Cannabis's Days Payable for the three months ended in Dec. 2023 was 38.23.

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

TSX:ACB' s Days Payable Range Over the Past 10 Years
Min: 22.56 Med: 137.61 Max: 947.35
Current: 38.64

During the past 13 years, Aurora Cannabis's highest Days Payable was 947.35. The lowest was 22.56. And the median was 137.61.

TSX:ACB's Days Payable is ranked worse than
83.52% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs TSX:ACB: 38.64

Aurora Cannabis's Days Payable increased from Dec. 2022 (20.26) to Dec. 2023 (38.23). It may suggest that Aurora Cannabis delayed paying its suppliers.

Aurora Cannabis Days Payable Historical Data

The historical data trend for Aurora 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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Aurora Cannabis Days Payable Chart

Aurora Cannabis Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Days Payable

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947.35

747.41

137.61

36.91

22.56

Aurora Cannabis Quarterly Data
	Mar19	Jun19	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															20.26	38.52	32.54	44.81	38.23

Competitive Comparison of Aurora Cannabis's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Aurora 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.

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

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

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

Aurora 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.

Aurora Cannabis's Days Payable for the fiscal year that ended in Jun. 2021 is calculated as

	Days Payable (A: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2020 )	+	Accounts Payable (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (19.706	+	13.277)	/	2 )	/	266.81	*	365
=	16.4915					/	266.81	*	365
=	22.56

Aurora Cannabis'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
=	( (14.678	+	22.708)	/	2 )	/	44.616	*	365 / 4
=	18.693					/	44.616	*	365 / 4
=	38.23

Aurora Cannabis Days Payable Related Terms

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Aurora Cannabis (TSX:ACB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aurora Cannabis Inc (TSX:ACB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ACB:USA 21P1:Germany

Address

3498 63 Avenue, Leduc, AB, CAN, T9E 0G8

Website

https://www.auroramj.com

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.