Foraco International (TSX:FAR) Days Payable : 53.86 (As of Mar. 2024)

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What is Foraco International Days Payable?

Foraco International's average Accounts Payable for the three months ended in Mar. 2024 was C$48.2 Mil. Foraco International's Cost of Goods Sold for the three months ended in Mar. 2024 was C$81.6 Mil. Hence, Foraco International's Days Payable for the three months ended in Mar. 2024 was 53.86.

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

TSX:FAR' s Days Payable Range Over the Past 10 Years
Min: 22.68 Med: 39.71 Max: 46.56
Current: 46.56

During the past 13 years, Foraco International's highest Days Payable was 46.56. The lowest was 22.68. And the median was 39.71.

TSX:FAR's Days Payable is ranked worse than
75.58% of 1069 companies
in the Metals & Mining industry
Industry Median: 129.08 vs TSX:FAR: 46.56

Foraco International's Days Payable increased from Mar. 2023 (43.65) to Mar. 2024 (53.86). It may suggest that Foraco International delayed paying its suppliers.

Foraco International Days Payable Historical Data

The historical data trend for Foraco International'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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Foraco International Days Payable Chart

Foraco International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.39

41.69

36.13

37.72

42.01

Foraco International 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															43.65	42.44	42.22	45.47	53.86

Competitive Comparison of Foraco International's Days Payable

For the Other Industrial Metals & Mining subindustry, Foraco International'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.

Foraco International's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Foraco International's Days Payable distribution charts can be found below:

* The bar in red indicates where Foraco International's Days Payable falls into.

Foraco International 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.

Foraco International'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
=	( (39.012	+	46.303)	/	2 )	/	370.592	*	365
=	42.6575					/	370.592	*	365
=	42.01

Foraco International'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
=	( (46.303	+	50.022)	/	2 )	/	81.591	*	365 / 4
=	48.1625					/	81.591	*	365 / 4
=	53.86

Foraco International Days Payable Related Terms

Thank you for viewing the detailed overview of Foraco International's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Foraco International (TSX:FAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Foraco International SA (TSX:FAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FRACF:USA 3F3:Germany

Address

26, Plage de l’Estaque, Marseille, FRA, 13016

Website

https://www.foraco.com

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The principal sources of revenue consist of drilling contracts for companies primarily involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.

Executives

Fabien Sevestre

Senior Officer

Foraco International (TSX:FAR) Headlines

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