GFL Environmental (GFL Environmental) Days Payable : 68.25 (As of Mar. 2024)

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What is GFL Environmental Days Payable?

GFL Environmental's average Accounts Payable for the three months ended in Mar. 2024 was $831 Mil. GFL Environmental's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,111 Mil. Hence, GFL Environmental's Days Payable for the three months ended in Mar. 2024 was 68.25.

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

GFL' s Days Payable Range Over the Past 10 Years
Min: 38.3 Med: 45.49 Max: 99.63
Current: 77.65

During the past 8 years, GFL Environmental's highest Days Payable was 99.63. The lowest was 38.30. And the median was 45.49.

GFL's Days Payable is ranked better than
51.56% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs GFL: 77.65

GFL Environmental's Days Payable increased from Mar. 2023 (59.91) to Mar. 2024 (68.25). It may suggest that GFL Environmental delayed paying its suppliers.

GFL Environmental Days Payable Historical Data

The historical data trend for GFL Environmental'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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GFL Environmental Days Payable Chart

GFL Environmental Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.76

51.25

38.30

38.47

39.72

GFL Environmental Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															59.91	79.81	90.30	65.23	68.25

Competitive Comparison of GFL Environmental's Days Payable

For the Waste Management subindustry, GFL Environmental'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.

GFL Environmental's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, GFL Environmental's Days Payable distribution charts can be found below:

* The bar in red indicates where GFL Environmental's Days Payable falls into.

GFL Environmental 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.

GFL Environmental'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
=	( (483.401	+	529.964)	/	2 )	/	4655.709	*	365
=	506.6825					/	4655.709	*	365
=	39.72

GFL Environmental's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (529.964	+	1132.314)	/	2 )	/	1111.259	*	365 / 4
=	831.139					/	1111.259	*	365 / 4
=	68.25

GFL Environmental Days Payable Related Terms

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GFL Environmental (GFL Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GFL Environmental Inc (NYSE:GFL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GFL:Canada

Address

100 New Park Place, Suite 500, Vaughan, ON, CAN, L4K 0H9

Website

https://www.gflenv.com

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. GFL's geographical segments are Canada and the United States.