Right On Brands (Right On Brands) Days Payable : 50.50 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Right On Brands Days Payable?

Right On Brands's average Accounts Payable for the three months ended in Dec. 2023 was $0.09 Mil. Right On Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.16 Mil. Hence, Right On Brands's Days Payable for the three months ended in Dec. 2023 was 50.50.

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

RTON' s Days Payable Range Over the Past 10 Years
Min: 46.05 Med: 97.5 Max: 755.61
Current: 49.11

During the past 11 years, Right On Brands's highest Days Payable was 755.61. The lowest was 46.05. And the median was 97.50.

RTON's Days Payable is ranked better than
53.47% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs RTON: 49.11

Right On Brands's Days Payable increased from Dec. 2022 (45.02) to Dec. 2023 (50.50). It may suggest that Right On Brands delayed paying its suppliers.

Right On Brands Days Payable Historical Data

The historical data trend for Right On Brands'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.

Right On Brands Days Payable Chart

Right On Brands Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

90.71

104.29

755.61

60.29

46.05

Right On Brands 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															45.02	59.91	38.02	53.34	50.50

Competitive Comparison of Right On Brands's Days Payable

For the Packaged Foods subindustry, Right On Brands'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.

Right On Brands's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Right On Brands's Days Payable falls into.

Right On Brands 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.

Right On Brands's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.057	+	0.077)	/	2 )	/	0.531	*	365
=	0.067					/	0.531	*	365
=	46.05

Right On Brands'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
=	( (0.088	+	0.088)	/	2 )	/	0.159	*	365 / 4
=	0.088					/	0.159	*	365 / 4
=	50.50

Right On Brands Days Payable Related Terms

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

Right On Brands (Right On Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Right On Brands Inc (OTCPK:RTON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Dalrock Road, Suite 100, Rowlett, TX, USA, 75089

Website

https://www.rightonbrands.com

Right On Brands Inc is a Texas based consumer goods company which provides traditional, plus natural health and wellness information services through an interactive website. The company business is conducted through wholly-owned subsidiaries, Humbly Hemp, Endo Brands, and Humble Water Company. Humbly Hemp sells and markets a line of hemp enhanced snack foods. Humble Water Company is in a partnership with Springhill Water Co. to develop a line of High Alkaline, Natural Mineral Water, and a bottling and packaging facility. The company has two operating segments: ENDO Brands and Humbly Hemp. ENDO Brands develops hemp oil-infused products which are engineered to deliver optimal bioavailability and nutrients to the body and Humbly Hemp develops a line of hemp based bars and drinks.

Executives

Daniel J Crawford

director, 10 percent owner, officer: President, CEO, CFO, Director

2667 32ND STREET, SUITE B, SANTA MONICA CA 90405