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Odd Burger (TSXV:ODD) Days Payable : 170.65 (As of Dec. 2023)


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What is Odd Burger Days Payable?

Odd Burger's average Accounts Payable for the three months ended in Dec. 2023 was C$0.91 Mil. Odd Burger's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.49 Mil. Hence, Odd Burger's Days Payable for the three months ended in Dec. 2023 was 170.65.

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

TSXV:ODD' s Days Payable Range Over the Past 10 Years
Min: 31.7   Med: 127.52   Max: 203.65
Current: 145.46

During the past 4 years, Odd Burger's highest Days Payable was 203.65. The lowest was 31.70. And the median was 127.52.

TSXV:ODD's Days Payable is ranked better than
93.53% of 340 companies
in the Restaurants industry
Industry Median: 38.19 vs TSXV:ODD: 145.46

Odd Burger's Days Payable increased from Dec. 2022 (104.34) to Dec. 2023 (170.65). It may suggest that Odd Burger delayed paying its suppliers.


Odd Burger Days Payable Historical Data

The historical data trend for Odd Burger'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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Odd Burger Days Payable Chart

Odd Burger Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Days Payable
31.70 203.65 133.70 121.34

Odd Burger Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 104.34 127.99 116.76 177.00 170.65

Competitive Comparison of Odd Burger's Days Payable

For the Restaurants subindustry, Odd Burger'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.


Odd Burger's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Odd Burger's Days Payable distribution charts can be found below:

* The bar in red indicates where Odd Burger's Days Payable falls into.



Odd Burger 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.

Odd Burger's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

Days Payable (A: Sep. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2022 ) + Accounts Payable (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (0.609 + 0.986) / 2 ) / 2.399*365
=0.7975 / 2.399*365
=121.34

Odd Burger'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
=( (0.986 + 0.843) / 2 ) / 0.489*365 / 4
=0.9145 / 0.489*365 / 4
=170.65

* 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.


Odd Burger Days Payable Related Terms

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Odd Burger (TSXV:ODD) Business Description

Traded in Other Exchanges
Address
505 Consortium Court, London, ON, CAN, N6E 2S8
Odd Burger Corp is a plant-based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.