GreenFirst Forest Products (TSX:GFP) Days Payable : 25.15 (As of Dec. 2023)

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What is GreenFirst Forest Products Days Payable?

GreenFirst Forest Products's average Accounts Payable for the three months ended in Dec. 2023 was C$31.9 Mil. GreenFirst Forest Products's Cost of Goods Sold for the three months ended in Dec. 2023 was C$115.7 Mil. Hence, GreenFirst Forest Products's Days Payable for the three months ended in Dec. 2023 was 25.15.

The historical rank and industry rank for GreenFirst Forest Products's Days Payable or its related term are showing as below:

TSX:GFP' s Days Payable Range Over the Past 10 Years
Min: 31.31 Med: 42.28 Max: 27375
Current: 31.31

During the past 13 years, GreenFirst Forest Products's highest Days Payable was 27375.00. The lowest was 31.31. And the median was 42.28.

TSX:GFP's Days Payable is ranked worse than
77.14% of 280 companies
in the Forest Products industry
Industry Median: 56.845 vs TSX:GFP: 31.31

GreenFirst Forest Products's Days Payable declined from Dec. 2022 (37.81) to Dec. 2023 (25.15). It may suggest that GreenFirst Forest Products accelerated paying its suppliers.

GreenFirst Forest Products Days Payable Historical Data

The historical data trend for GreenFirst Forest Products'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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GreenFirst Forest Products Days Payable Chart

GreenFirst Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.02

35.96

36.54

GreenFirst Forest Products 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															37.81	39.18	27.13	28.85	25.15

Competitive Comparison of GreenFirst Forest Products's Days Payable

For the Lumber & Wood Production subindustry, GreenFirst Forest Products'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.

GreenFirst Forest Products's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's Days Payable distribution charts can be found below:

* The bar in red indicates where GreenFirst Forest Products's Days Payable falls into.

GreenFirst Forest Products 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.

GreenFirst Forest Products'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
=	( (51.952	+	32.553)	/	2 )	/	422.064	*	365
=	42.2525					/	422.064	*	365
=	36.54

GreenFirst Forest Products'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
=	( (31.218	+	32.553)	/	2 )	/	115.669	*	365 / 4
=	31.8855					/	115.669	*	365 / 4
=	25.15

GreenFirst Forest Products Days Payable Related Terms

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GreenFirst Forest Products (TSX:GFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ICLTF:USA IMT:Germany

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

Executives

Michael Clark Mitchell

Director

GreenFirst Forest Products (TSX:GFP) Headlines

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