Neo Performance Materials (TSX:NEO) Days Payable : 60.44 (As of Mar. 2024)

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What is Neo Performance Materials Days Payable?

Neo Performance Materials's average Accounts Payable for the three months ended in Mar. 2024 was C$86.7 Mil. Neo Performance Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was C$130.9 Mil. Hence, Neo Performance Materials's Days Payable for the three months ended in Mar. 2024 was 60.44.

The historical rank and industry rank for Neo Performance Materials's Days Payable or its related term are showing as below:

TSX:NEO' s Days Payable Range Over the Past 10 Years
Min: 51.98 Med: 69.22 Max: 93.75
Current: 51.98

During the past 8 years, Neo Performance Materials's highest Days Payable was 93.75. The lowest was 51.98. And the median was 69.22.

TSX:NEO's Days Payable is ranked worse than
59.72% of 1502 companies
in the Chemicals industry
Industry Median: 60.55 vs TSX:NEO: 51.98

Neo Performance Materials's Days Payable increased from Mar. 2023 (48.53) to Mar. 2024 (60.44). It may suggest that Neo Performance Materials delayed paying its suppliers.

Neo Performance Materials Days Payable Historical Data

The historical data trend for Neo Performance Materials'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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Neo Performance Materials Days Payable Chart

Neo Performance Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.22

93.75

81.39

58.68

54.83

Neo Performance Materials 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															48.53	41.27	55.18	59.39	60.44

Competitive Comparison of Neo Performance Materials's Days Payable

For the Specialty Chemicals subindustry, Neo Performance Materials'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.

Neo Performance Materials's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Neo Performance Materials's Days Payable falls into.

Neo Performance Materials 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.

Neo Performance Materials'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
=	( (93.863	+	96.574)	/	2 )	/	633.827	*	365
=	95.2185					/	633.827	*	365
=	54.83

Neo Performance Materials'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
=	( (96.574	+	76.773)	/	2 )	/	130.864	*	365 / 4
=	86.6735					/	130.864	*	365 / 4
=	60.44

Neo Performance Materials Days Payable Related Terms

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Neo Performance Materials (TSX:NEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neo Performance Materials Inc (TSX:NEO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOPMF:USA N14:Germany

Address

121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9

Website

https://www.neomaterials.com

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.

Executives

Rahim Suleman

Director, Senior Officer