Spot Coffee (Canada) (TSXV:SPP) Days Payable : 205.72 (As of Sep. 2023)

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What is Spot Coffee (Canada) Days Payable?

Spot Coffee (Canada)'s average Accounts Payable for the three months ended in Sep. 2023 was C$1.66 Mil. Spot Coffee (Canada)'s Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.74 Mil. Hence, Spot Coffee (Canada)'s Days Payable for the three months ended in Sep. 2023 was 205.72.

The historical rank and industry rank for Spot Coffee (Canada)'s Days Payable or its related term are showing as below:

TSXV:SPP' s Days Payable Range Over the Past 10 Years
Min: 146.98 Med: 201.72 Max: 447.25
Current: 346.96

During the past 13 years, Spot Coffee (Canada)'s highest Days Payable was 447.25. The lowest was 146.98. And the median was 201.72.

TSXV:SPP's Days Payable is ranked better than
97.35% of 340 companies
in the Restaurants industry
Industry Median: 38.035 vs TSXV:SPP: 346.96

Spot Coffee (Canada)'s Days Payable declined from Jun. 2022 (267.15) to Sep. 2023 (205.72). It may suggest that Spot Coffee (Canada) accelerated paying its suppliers.

Spot Coffee (Canada) Days Payable Historical Data

The historical data trend for Spot Coffee (Canada)'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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Spot Coffee (Canada) Days Payable Chart

Spot Coffee (Canada) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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182.65

201.72

447.25

291.48

241.21

Spot Coffee (Canada) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															267.15	299.13	286.58	322.85	205.72

Competitive Comparison of Spot Coffee (Canada)'s Days Payable

For the Restaurants subindustry, Spot Coffee (Canada)'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.

Spot Coffee (Canada)'s Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Spot Coffee (Canada)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Spot Coffee (Canada)'s Days Payable falls into.

Spot Coffee (Canada) 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.

Spot Coffee (Canada)'s Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.07	+	2.307)	/	2 )	/	2.555	*	365
=	1.6885					/	2.555	*	365
=	241.21

Spot Coffee (Canada)'s Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.875	+	1.439)	/	2 )	/	0.735	*	365 / 4
=	1.657					/	0.735	*	365 / 4
=	205.72

Spot Coffee (Canada) Days Payable Related Terms

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Spot Coffee (Canada) (TSXV:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Spot Coffee (Canada) Ltd (TSXV:SPP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SCFFF:USA

Address

141, Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5

Website

https://www.spotcoffee.com

Spot Coffee (Canada) Ltd is a Canada-based company that designs, builds, and operates community-oriented cafes. It provides customer service, light meals, and in-house roasted gourmet coffee. The company's geographical segments include Canada and the United States of America. It derives a majority of revenue from the United States of America. The company generates maximum revenue from retail sales.

Executives

Anton Michel Ayoub

Director, Senior Officer

Spot Coffee (Canada) (TSXV:SPP) Headlines

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