Trees (CANN) Days Payable : 66.91 (As of Dec. 2023)

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What is Trees Days Payable?

Trees's average Accounts Payable for the three months ended in Dec. 2023 was $2.08 Mil. Trees's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.83 Mil. Hence, Trees's Days Payable for the three months ended in Dec. 2023 was 66.91.

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

CANN' s Days Payable Range Over the Past 10 Years
Min: 25.09 Med: 46.37 Max: 338.16
Current: 71.91

During the past 13 years, Trees's highest Days Payable was 338.16. The lowest was 25.09. And the median was 46.37.

CANN's Days Payable is ranked worse than
58.96% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs CANN: 71.91

Trees's Days Payable increased from Dec. 2022 (55.44) to Dec. 2023 (66.91). It may suggest that Trees delayed paying its suppliers.

Trees Days Payable Historical Data

The historical data trend for Trees'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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Trees Days Payable Chart

Trees Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.27

253.71

68.82

36.83

42.15

Trees 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															55.44	55.74	86.53	113.83	66.91

Competitive Comparison of Trees's Days Payable

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

Trees's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Trees 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.

Trees'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
=	( (1.109	+	1.562)	/	2 )	/	11.565	*	365
=	1.3355					/	11.565	*	365
=	42.15

Trees'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
=	( (2.594	+	1.562)	/	2 )	/	2.834	*	365 / 4
=	2.078					/	2.834	*	365 / 4
=	66.91

Trees Days Payable Related Terms

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Trees (CANN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Trees Corp (OTCPK:CANN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

215 Union Boulevard, Suite 415, Lakewood, CO, USA, 80228

Website

https://www.treescann.com

Trees Corp is a vertically-integrated cannabis company and multi-state operator in the United States. It has two segments Retail and Cultivation. It is pursuing a roll-up plan of licensed assets in mature markets while maintaining loyal, local customer bases. TREES owns and operates a light-deprivation greenhouse and a campus of indoor cultivation facilities in Boulder, dispensaries in Englewood, Longmont and Berthoud, Colorado and three dispensaries in Portland, Oregon.

Executives

Carl J Williams	director	10 GLENLAKE PARKWAY, NORTH TOWER, ATLANTA GA 30189
Richard C. Travia	director	6565 E. EVANS AVENUE, DENVER CO 80224
Allyson Feiler Downing	director	3556 W 62ND AVENUE, DENVER CO 80221
Timothy Earl Brown	director, 10 percent owner	2301 W 30TH AVENUE, DENVER CO 80211
Diane Jones	officer: CHIEF FINANCIAL OFFICER	6565 E. EVANS AVENUE, DENVER CO 80224
Seth Oster	director	C/O GENERAL CANNABIS CORP, 6565 EAST EVANS AVENUE, DENVER CO 80224
Mark D. Green	director	C/O GENERAL CANNABIS CORP, 6565 EAST EVANS AVENUE, DENVER CO 80224
Peter Boockvar	director	C/O MILLER TABAK + CO.,, 331 MADISON AVENUE, NEW YORK NY 10017
John Barker Dalton	director, 10 percent owner	6565 E. EVANS AVENUE, DENVER CO 80224
Adam Hershey	10 percent owner	140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Hershey Strategic Capital, Lp	10 percent owner	C/O HERSHEY STRATEGIC CAPITAL GP, LLC, 6 POMPANO ROAD, RUMSON NJ 07760
Hershey Management I, Llc.	10 percent owner	888 7TH AVENUE, 17TH FLOOR, NEW YORK NY 10019
Hershey Strategic Capital Gp, Llc	10 percent owner	888 7TH AVENUE, 17TH FLOOR, NEW YORK NY 10019
Shore Ventures Iii, Lp	10 percent owner	C/O HERSHEY MANAGEMENT IV, LLC, 6 POMPANO ROAD, RUMSON NJ 07760
Hershey Management Iv, Llc	10 percent owner	6 POMPANO ROAD, RUMSON NJ 07760