NEXE Innovations (TSXV:NEXE) Days Payable : 5,076.07 (As of Feb. 2024)

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What is NEXE Innovations Days Payable?

NEXE Innovations's average Accounts Payable for the three months ended in Feb. 2024 was C$2.17 Mil. NEXE Innovations's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.04 Mil. Hence, NEXE Innovations's Days Payable for the three months ended in Feb. 2024 was 5,076.07.

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

TSXV:NEXE' s Days Payable Range Over the Past 10 Years
Min: 2469.28 Med: 6946.47 Max: 10073.35
Current: 2469.28

During the past 4 years, NEXE Innovations's highest Days Payable was 10073.35. The lowest was 2469.28. And the median was 6946.47.

TSXV:NEXE's Days Payable is ranked better than
98.92% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs TSXV:NEXE: 2469.28

NEXE Innovations's Days Payable declined from Feb. 2023 (9,449.74) to Feb. 2024 (5,076.07). It may suggest that NEXE Innovations accelerated paying its suppliers.

NEXE Innovations Days Payable Historical Data

The historical data trend for NEXE Innovations'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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NEXE Innovations Days Payable Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Days Payable

10,073.35

3,819.59

NEXE Innovations Quarterly Data
	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													9,449.74	16,793.80	1,254.20	2,417.61	5,076.07

Competitive Comparison of NEXE Innovations's Days Payable

For the Packaging & Containers subindustry, NEXE Innovations'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.

NEXE Innovations's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, NEXE Innovations's Days Payable distribution charts can be found below:

* The bar in red indicates where NEXE Innovations's Days Payable falls into.

NEXE Innovations 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.

NEXE Innovations's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (1.574	+	2.863)	/	2 )	/	0.212	*	365
=	2.2185					/	0.212	*	365
=	3,819.59

NEXE Innovations'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
=	( (2.358	+	1.981)	/	2 )	/	0.039	*	365 / 4
=	2.1695					/	0.039	*	365 / 4
=	5,076.07

NEXE Innovations Days Payable Related Terms

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NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

NEXE Innovations (TSXV:NEXE) Headlines

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