Verano Holdings (Verano Holdings) Days Payable : 23.77 (As of Dec. 2023)

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What is Verano Holdings Days Payable?

Verano Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $31.1 Mil. Verano Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $119.6 Mil. Hence, Verano Holdings's Days Payable for the three months ended in Dec. 2023 was 23.77.

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

VRNOF' s Days Payable Range Over the Past 10 Years
Min: 0.24 Med: 24.4 Max: 33.22
Current: 26.53

During the past 5 years, Verano Holdings's highest Days Payable was 33.22. The lowest was 0.24. And the median was 24.40.

VRNOF's Days Payable is ranked worse than
91.61% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs VRNOF: 26.53

Verano Holdings's Days Payable declined from Dec. 2022 (34.50) to Dec. 2023 (23.77). It may suggest that Verano Holdings accelerated paying its suppliers.

Verano Holdings Days Payable Historical Data

The historical data trend for Verano Holdings'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.

* Premium members only.

Verano Holdings Days Payable Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

0.24

20.31

34.26

28.28

Verano Holdings 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															34.50	27.49	25.03	28.07	23.77

Competitive Comparison of Verano Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Verano Holdings'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.

Verano Holdings's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Verano Holdings's Days Payable falls into.

Verano Holdings 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.

Verano Holdings'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
=	( (40.501	+	31.281)	/	2 )	/	463.246	*	365
=	35.891					/	463.246	*	365
=	28.28

Verano Holdings'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
=	( (31.017	+	31.281)	/	2 )	/	119.578	*	365 / 4
=	31.149					/	119.578	*	365 / 4
=	23.77

Verano Holdings Days Payable Related Terms

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Verano Holdings (Verano Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VRNO:Canada

Address

415 North Dearborn Street, 4th Floor, Chicago, IL, USA, 60654

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The company derives its revenues from its wholesale business and its retail dispensary chains. The retail business includes the design, build-out and operation of branded dispensaries in both medical and adult-use markets. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV.