Borealis Foods (Borealis Foods) Days Payable : 0.00 (As of Dec. 2023)

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What is Borealis Foods Days Payable?

Borealis Foods's average Accounts Payable for the six months ended in Dec. 2023 was $8.71 Mil. Borealis Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.00 Mil.

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

During the past 3 years, Borealis Foods's highest Days Payable was 360.91. The lowest was 191.07. And the median was 275.99.

BRLS's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 46.35
* Ranked among companies with meaningful Days Payable only.

Borealis Foods's Days Payable declined from Dec. 2021 (191.07) to Dec. 2023 (0.00). It may suggest that Borealis Foods accelerated paying its suppliers.

Borealis Foods Days Payable Historical Data

The historical data trend for Borealis Foods'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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Borealis Foods Days Payable Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

191.07

360.91

Borealis Foods Semi-Annual Data
	Dec21	Dec22	Dec23
Days Payable	191.07	360.91	-

Competitive Comparison of Borealis Foods's Days Payable

For the Packaged Foods subindustry, Borealis Foods'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.

Borealis Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Borealis Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Borealis Foods's Days Payable falls into.

Borealis Foods 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.

Borealis Foods'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
=	( (8.711	+	0)	/	1 )	/	0	*	365
=	8.711					/	0	*	365
=	N/A

Borealis Foods'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.711	+	0)	/	1 )	/	0	*	365 / 2
=	8.711					/	0	*	365 / 2
=	N/A

Borealis Foods Days Payable Related Terms

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Borealis Foods (Borealis Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

Borealis Foods (Borealis Foods) Headlines

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