SLANG Worldwide (XCNQ:SLNG) Days Payable : 68.98 (As of Dec. 2023)

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What is SLANG Worldwide Days Payable?

SLANG Worldwide's average Accounts Payable for the three months ended in Dec. 2023 was C$2.74 Mil. SLANG Worldwide's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.62 Mil. Hence, SLANG Worldwide's Days Payable for the three months ended in Dec. 2023 was 68.98.

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

XCNQ:SLNG' s Days Payable Range Over the Past 10 Years
Min: 53.86 Med: 70.12 Max: 118.86
Current: 58.47

During the past 7 years, SLANG Worldwide's highest Days Payable was 118.86. The lowest was 53.86. And the median was 70.12.

XCNQ:SLNG's Days Payable is ranked worse than
68.58% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.21 vs XCNQ:SLNG: 58.47

SLANG Worldwide's Days Payable increased from Dec. 2022 (36.83) to Dec. 2023 (68.98). It may suggest that SLANG Worldwide delayed paying its suppliers.

SLANG Worldwide Days Payable Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Days Payable Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.13

118.86

70.12

57.06

53.86

SLANG Worldwide 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															36.83	46.99	62.28	64.26	68.98

Competitive Comparison of SLANG Worldwide's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where SLANG Worldwide's Days Payable falls into.

SLANG Worldwide 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.

SLANG Worldwide'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
=	( (2.607	+	2.429)	/	2 )	/	17.063	*	365
=	2.518					/	17.063	*	365
=	53.86

SLANG Worldwide'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
=	( (3.047	+	2.429)	/	2 )	/	3.622	*	365 / 4
=	2.738					/	3.622	*	365 / 4
=	68.98

SLANG Worldwide Days Payable Related Terms

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SLANG Worldwide (XCNQ:SLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (XCNQ:SLNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SLGWF:USA

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

Executives

Christopher Lee Driessen

Director, Senior Officer