Local Bounti (Local Bounti) Days Payable : 174.66 (As of Dec. 2023)

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What is Local Bounti Days Payable?

Local Bounti's average Accounts Payable for the three months ended in Dec. 2023 was $11.84 Mil. Local Bounti's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.19 Mil. Hence, Local Bounti's Days Payable for the three months ended in Dec. 2023 was 174.66.

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

LOCL' s Days Payable Range Over the Past 10 Years
Min: 165.77 Med: 455.22 Max: 885.46
Current: 196.84

During the past 4 years, Local Bounti's highest Days Payable was 885.46. The lowest was 165.77. And the median was 455.22.

LOCL's Days Payable is ranked better than
93.01% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs LOCL: 196.84

Local Bounti's Days Payable increased from Dec. 2022 (174.21) to Dec. 2023 (174.66). It may suggest that Local Bounti delayed paying its suppliers.

Local Bounti Days Payable Historical Data

The historical data trend for Local Bounti'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.

Local Bounti Days Payable Chart

Local Bounti Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

705.93

885.46

165.77

204.51

Local Bounti Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								174.21	253.08	222.64	128.83	174.66

Competitive Comparison of Local Bounti's Days Payable

For the Farm Products subindustry, Local Bounti'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.

Local Bounti's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Local Bounti 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.

Local Bounti'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
=	( (13.757	+	14.64)	/	2 )	/	25.341	*	365
=	14.1985					/	25.341	*	365
=	204.51

Local Bounti'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
=	( (9.041	+	14.64)	/	2 )	/	6.186	*	365 / 4
=	11.8405					/	6.186	*	365 / 4
=	174.66

Local Bounti Days Payable Related Terms

Thank you for viewing the detailed overview of Local Bounti's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Local Bounti (Local Bounti) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Local Bounti Corp (NYSE:LOCL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Main Street, Hamilton, MT, USA, 59840

Website

https://www.localbounti.com

Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.

Executives

Kathleen Valiasek	officer: Chief Financial Officer	AMYRIS, INC., 5850 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608
B. David Vosburg	officer: Chief Innovation Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Travis M. Joyner	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Anna M. Fabrega	officer: Chief Executive Officer	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Matthew Nordby	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Craig M. Hurlbert	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Mark Joseph Nelson	director	LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Jennifer Carr-smith	director	28 LIBERTY STREET, NEW YORK NY 10005
Brian C. Cook	officer: President	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Margaret Mccandless	officer: General Counsel & Secretary	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Charles R. Schwab	10 percent owner	PO BOX 2226, PALM BEACH FL 33480
Mark Alan Mckinney	officer: Chief Operating Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Gary Hilberg	officer: Chief Sustainability Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Pamela Brewster	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840