Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Days Payable : 1,627.29 (As of Nov. 2023)

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What is Cannabis Bioscience International Holdings Days Payable?

Cannabis Bioscience International Holdings's average Accounts Payable for the six months ended in Nov. 2023 was $0.21 Mil. Cannabis Bioscience International Holdings's Cost of Goods Sold for the six months ended in Nov. 2023 was $0.02 Mil. Hence, Cannabis Bioscience International Holdings's Days Payable for the six months ended in Nov. 2023 was 1,627.29.

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

CBIH' s Days Payable Range Over the Past 10 Years
Min: 34.64 Med: 81.27 Max: 3254.58
Current: 3254.58

During the past 5 years, Cannabis Bioscience International Holdings's highest Days Payable was 3254.58. The lowest was 34.64. And the median was 81.27.

CBIH's Days Payable is ranked better than
97.84% of 973 companies
in the Drug Manufacturers industry
Industry Median: 89.33 vs CBIH: 3254.58

Cannabis Bioscience International Holdings's Days Payable increased from Nov. 2011 (134.95) to Nov. 2023 (1,627.29). It may suggest that Cannabis Bioscience International Holdings delayed paying its suppliers.

Cannabis Bioscience International Holdings Days Payable Historical Data

The historical data trend for Cannabis Bioscience International 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.

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Cannabis Bioscience International Holdings Days Payable Chart

Cannabis Bioscience International Holdings Annual Data

Trend

Dec06

Dec07

May09

May10

May11

Days Payable

1,338.33

34.64

76.80

85.74

Cannabis Bioscience International Holdings Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	May09	Nov09	May10	Nov10	May11	Nov11	Nov22	Nov23
Days Payable	Get a 7-Day Free Trial							80.69	119.33	134.95	64,970.00	1,627.29

Competitive Comparison of Cannabis Bioscience International Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Bioscience International 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.

Cannabis Bioscience International Holdings's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannabis Bioscience International Holdings's Days Payable falls into.

Cannabis Bioscience International 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.

Cannabis Bioscience International Holdings's Days Payable for the fiscal year that ended in May. 2011 is calculated as

	Days Payable (A: May. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2010 )	+	Accounts Payable (A: May. 2011 ))	/	count )	/	Cost of Goods Sold (A: May. 2011 )	*	Days in Period
=	( (13.376	+	13.114)	/	2 )	/	56.383	*	365
=	13.245					/	56.383	*	365
=	85.74

Cannabis Bioscience International Holdings's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2022 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0	+	0.214)	/	1 )	/	0.024	*	365 / 2
=	0.214					/	0.024	*	365 / 2
=	1,627.29

Cannabis Bioscience International Holdings Days Payable Related Terms

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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Bioscience International Holdings Inc (OTCPK:CBIH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6201 Bonhomme Road, Suite 466S, Houston, TX, USA, 77036

Website

https://www.cbih.net

Cannabis Bioscience International Holdings Inc is engaged in providing educational systems relating to cannabis and services in therapeutic areas. of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. The Company generates revenue from multiple streams, namely, clinical trials, consulting fees, video courses, seminars, royalties, and merchandise sales. The company generates the majority of its revenue from clinical trials.