CubicFarm Systems (CubicFarm Systems) Days Payable : 5,519.20 (As of Sep. 2023)

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What is CubicFarm Systems Days Payable?

CubicFarm Systems's average Accounts Payable for the three months ended in Sep. 2023 was $5.81 Mil. CubicFarm Systems's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.10 Mil. Hence, CubicFarm Systems's Days Payable for the three months ended in Sep. 2023 was 5,519.20.

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

CUBXF' s Days Payable Range Over the Past 10 Years
Min: 45.97 Med: 100.63 Max: 237.22
Current: 237.22

During the past 5 years, CubicFarm Systems's highest Days Payable was 237.22. The lowest was 45.97. And the median was 100.63.

CUBXF's Days Payable is ranked better than
89.32% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.045 vs CUBXF: 237.22

CubicFarm Systems's Days Payable increased from Sep. 2022 (1,675.61) to Sep. 2023 (5,519.20). It may suggest that CubicFarm Systems delayed paying its suppliers.

CubicFarm Systems Days Payable Historical Data

The historical data trend for CubicFarm Systems'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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CubicFarm Systems Days Payable Chart

CubicFarm Systems Annual Data

Trend

Jun18

Jun19

Jun20

Dec21

Dec22

Days Payable

46.10

108.88

90.65

127.53

CubicFarm Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															1,675.61	81.78	1,545.59	195.36	5,519.20

Competitive Comparison of CubicFarm Systems's Days Payable

For the Farm & Heavy Construction Machinery subindustry, CubicFarm Systems'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.

CubicFarm Systems's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CubicFarm Systems's Days Payable distribution charts can be found below:

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

CubicFarm Systems 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.

CubicFarm Systems's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.084	+	4.11)	/	2 )	/	7.433	*	365
=	2.597					/	7.433	*	365
=	127.53

CubicFarm Systems's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.681	+	5.932)	/	2 )	/	0.096	*	365 / 4
=	5.8065					/	0.096	*	365 / 4
=	5,519.20

CubicFarm Systems Days Payable Related Terms

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CubicFarm Systems (CubicFarm Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CubicFarm Systems Corp (OTCPK:CUBXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CUB:Canada

Address

7170 Glover Road, Langley, BC, CAN, V2Y 2R1

Website

https://www.cubicfarms.com

CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solution automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition and allows for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.