Friedman Industries (FRA:X36) Days Payable : 33.69 (As of Dec. 2023)

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What is Friedman Industries Days Payable?

Friedman Industries's average Accounts Payable for the three months ended in Dec. 2023 was €35.7 Mil. Friedman Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was €96.8 Mil. Hence, Friedman Industries's Days Payable for the three months ended in Dec. 2023 was 33.69.

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

FRA:X36' s Days Payable Range Over the Past 10 Years
Min: 10.49 Med: 24.85 Max: 44.82
Current: 30.42

During the past 13 years, Friedman Industries's highest Days Payable was 44.82. The lowest was 10.49. And the median was 24.85.

FRA:X36's Days Payable is ranked worse than
64.97% of 588 companies
in the Steel industry
Industry Median: 39.865 vs FRA:X36: 30.42

Friedman Industries's Days Payable declined from Dec. 2022 (44.72) to Dec. 2023 (33.69). It may suggest that Friedman Industries accelerated paying its suppliers.

Friedman Industries Days Payable Historical Data

The historical data trend for Friedman 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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Friedman Industries Days Payable Chart

Friedman Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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21.95

26.52

44.19

43.97

29.09

Friedman 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															44.72	32.88	27.64	23.69	33.69

Competitive Comparison of Friedman Industries's Days Payable

For the Steel subindustry, Friedman 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.

Friedman Industries's Days Payable Distribution in the Steel Industry

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

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

Friedman 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.

Friedman Industries's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (40.682	+	34.415)	/	2 )	/	471.163	*	365
=	37.5485					/	471.163	*	365
=	29.09

Friedman 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
=	( (27.561	+	43.897)	/	2 )	/	96.772	*	365 / 4
=	35.729					/	96.772	*	365 / 4
=	33.69

Friedman Industries Days Payable Related Terms

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Friedman Industries (FRA:X36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (FRA:X36) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FRD:USA

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

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