Loop Industries (FRA:3L9) Days Payable : 0.00 (As of Feb. 2024)

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What is Loop Industries Days Payable?

Loop Industries's average Accounts Payable for the three months ended in Feb. 2024 was €0.41 Mil. Loop Industries's Cost of Goods Sold for the three months ended in Feb. 2024 was €0.00 Mil.

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

FRA:3L9's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 60.63
* Ranked among companies with meaningful Days Payable only.

Loop Industries's Days Payable stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00). stayed the same

Loop Industries Days Payable Historical Data

The historical data trend for Loop 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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Loop Industries Days Payable Chart

Loop Industries Annual Data

Trend

Feb15

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Feb21

Feb22

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Feb24

Days Payable

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Loop Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Loop Industries's Days Payable

For the Specialty Chemicals subindustry, Loop 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.

Loop Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Loop Industries's Days Payable distribution charts can be found below:

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

Loop 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.

Loop Industries's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (0.953	+	0.558)	/	2 )	/	0	*	365
=	0.7555					/	0	*	365
=	N/A

Loop Industries's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.266	+	0.558)	/	2 )	/	0	*	365 / 4
=	0.412					/	0	*	365 / 4
=	N/A

Loop Industries Days Payable Related Terms

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Loop Industries (FRA:3L9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (FRA:3L9) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LOOP:USA

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

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