Promino Nutritional Sciences (XCNQ:MUSL) Days Payable : 649.15 (As of Dec. 2023)

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What is Promino Nutritional Sciences Days Payable?

Promino Nutritional Sciences's average Accounts Payable for the three months ended in Dec. 2023 was C$6.30 Mil. Promino Nutritional Sciences's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.89 Mil. Hence, Promino Nutritional Sciences's Days Payable for the three months ended in Dec. 2023 was 649.15.

The historical rank and industry rank for Promino Nutritional Sciences's Days Payable or its related term are showing as below:

XCNQ:MUSL' s Days Payable Range Over the Past 10 Years
Min: 316.66 Med: 769.87 Max: 1222.87
Current: 1222.87

During the past 4 years, Promino Nutritional Sciences's highest Days Payable was 1222.87. The lowest was 316.66. And the median was 769.87.

XCNQ:MUSL's Days Payable is ranked better than
98.32% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.09 vs XCNQ:MUSL: 1222.87

Promino Nutritional Sciences's Days Payable increased from Dec. 2022 (285.76) to Dec. 2023 (649.15). It may suggest that Promino Nutritional Sciences delayed paying its suppliers.

Promino Nutritional Sciences Days Payable Historical Data

The historical data trend for Promino Nutritional Sciences'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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Promino Nutritional Sciences Days Payable Chart

Promino Nutritional Sciences Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

1,087.84

451.90

316.66

1,138.68

Promino Nutritional Sciences 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											285.76	27,222.16	10,148.42	683.27	649.15

Competitive Comparison of Promino Nutritional Sciences's Days Payable

For the Packaged Foods subindustry, Promino Nutritional Sciences'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.

Promino Nutritional Sciences's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Promino Nutritional Sciences's Days Payable distribution charts can be found below:

* The bar in red indicates where Promino Nutritional Sciences's Days Payable falls into.

Promino Nutritional Sciences 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.

Promino Nutritional Sciences'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
=	( (5.852	+	5.828)	/	2 )	/	1.872	*	365
=	5.84					/	1.872	*	365
=	1,138.68

Promino Nutritional Sciences'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
=	( (6.778	+	5.828)	/	2 )	/	0.886	*	365 / 4
=	6.303					/	0.886	*	365 / 4
=	649.15

Promino Nutritional Sciences Days Payable Related Terms

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Promino Nutritional Sciences (XCNQ:MUSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Promino Nutritional Sciences Inc (XCNQ:MUSL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELNSF:USA 93X:Germany

Address

1100 Walkers Line, Suite 401, Burlington, ON, CAN, L7N 2G3

Website

https://www.elmtinc.com

Element Nutritional Sciences Inc is engaged in developing science-based nutritional products for the aging demographic 45 and over. Its products are widely available, scientifically formulated, and clinically proven to help rebuild, restore and rejuvenate muscle.

Promino Nutritional Sciences (XCNQ:MUSL) Headlines

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