Green Thumb Industries (XCNQ:GTII) Days Payable : 15.89 (As of Dec. 2023)

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What is Green Thumb Industries Days Payable?

Green Thumb Industries's average Accounts Payable for the three months ended in Dec. 2023 was C$32 Mil. Green Thumb Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was C$182 Mil. Hence, Green Thumb Industries's Days Payable for the three months ended in Dec. 2023 was 15.89.

The historical rank and industry rank for Green Thumb Industries's Days Payable or its related term are showing as below:

XCNQ:GTII' s Days Payable Range Over the Past 10 Years
Min: 11.27 Med: 15.5 Max: 21.33
Current: 15.18

During the past 13 years, Green Thumb Industries's highest Days Payable was 21.33. The lowest was 11.27. And the median was 15.50.

XCNQ:GTII's Days Payable is ranked worse than
97.65% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs XCNQ:GTII: 15.18

Green Thumb Industries's Days Payable increased from Dec. 2022 (10.88) to Dec. 2023 (15.89). It may suggest that Green Thumb Industries delayed paying its suppliers.

Green Thumb Industries Days Payable Historical Data

The historical data trend for Green Thumb Industries'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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Green Thumb Industries Days Payable Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.50

21.33

15.72

11.27

14.91

Green Thumb Industries 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															10.88	12.97	16.12	15.95	15.89

Competitive Comparison of Green Thumb Industries's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.

Green Thumb Industries's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Green Thumb Industries's Days Payable falls into.

Green Thumb Industries 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.

Green Thumb Industries's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (25.028	+	32.862)	/	2 )	/	708.442	*	365
=	28.945					/	708.442	*	365
=	14.91

Green Thumb Industries'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
=	( (30.454	+	32.862)	/	2 )	/	181.845	*	365 / 4
=	31.658					/	181.845	*	365 / 4
=	15.89

Green Thumb Industries Days Payable Related Terms

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Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.