Avant Brands (TSX:AVNT) Days Payable : 164.74 (As of Feb. 2024)

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What is Avant Brands Days Payable?

Avant Brands's average Accounts Payable for the three months ended in Feb. 2024 was C$12.96 Mil. Avant Brands's Cost of Goods Sold for the three months ended in Feb. 2024 was C$7.18 Mil. Hence, Avant Brands's Days Payable for the three months ended in Feb. 2024 was 164.74.

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

TSX:AVNT' s Days Payable Range Over the Past 10 Years
Min: 53.46 Med: 206.03 Max: 646.47
Current: 277.43

During the past 12 years, Avant Brands's highest Days Payable was 646.47. The lowest was 53.46. And the median was 206.03.

TSX:AVNT's Days Payable is ranked better than
88.31% of 975 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs TSX:AVNT: 277.43

Avant Brands's Days Payable increased from Feb. 2023 (60.63) to Feb. 2024 (164.74). It may suggest that Avant Brands delayed paying its suppliers.

Avant Brands Days Payable Historical Data

The historical data trend for Avant 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.

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Avant Brands Days Payable Chart

Avant Brands Annual Data

Trend

Dec14

Dec15

Dec16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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646.47

439.56

109.52

53.46

206.03

Avant Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															60.63	-	-	313.47	164.74

Competitive Comparison of Avant Brands's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Avant 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.

Avant Brands's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Avant 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.

Avant Brands's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (2.683	+	13.023)	/	2 )	/	13.912	*	365
=	7.853					/	13.912	*	365
=	206.03

Avant Brands's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (13.023	+	12.899)	/	2 )	/	7.179	*	365 / 4
=	12.961					/	7.179	*	365 / 4
=	164.74

Avant Brands Days Payable Related Terms

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Avant Brands (TSX:AVNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Avant Brands Inc (TSX:AVNT) » Definitions » Days Payable

Comparable Companies

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AVTBF:USA 1BU0:Germany

Address

1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.avantbrands.ca

Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.

Executives

Norton Singhavon

10% Security Holder, Director, Senior Officer