Western Forest Products (TSX:WEF) Days Payable : 39.22 (As of Dec. 2023)

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What is Western Forest Products Days Payable?

Western Forest Products's average Accounts Payable for the three months ended in Dec. 2023 was C$94 Mil. Western Forest Products's Cost of Goods Sold for the three months ended in Dec. 2023 was C$218 Mil. Hence, Western Forest Products's Days Payable for the three months ended in Dec. 2023 was 39.22.

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

TSX:WEF' s Days Payable Range Over the Past 10 Years
Min: 33.95 Med: 42.78 Max: 57.25
Current: 38.42

During the past 13 years, Western Forest Products's highest Days Payable was 57.25. The lowest was 33.95. And the median was 42.78.

TSX:WEF's Days Payable is ranked worse than
66.79% of 280 companies
in the Forest Products industry
Industry Median: 57.025 vs TSX:WEF: 38.42

Western Forest Products's Days Payable declined from Dec. 2022 (42.40) to Dec. 2023 (39.22). It may suggest that Western Forest Products accelerated paying its suppliers.

Western Forest Products Days Payable Historical Data

The historical data trend for Western 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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Western Forest Products Days Payable Chart

Western Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.25

50.01

40.74

33.95

39.89

Western 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															42.40	39.04	36.00	38.28	39.22

Competitive Comparison of Western Forest Products's Days Payable

For the Lumber & Wood Production subindustry, Western 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.

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

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

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

Western 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.

Western 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
=	( (108.5	+	102.8)	/	2 )	/	966.6	*	365
=	105.65					/	966.6	*	365
=	39.89

Western 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
=	( (84.6	+	102.8)	/	2 )	/	218	*	365 / 4
=	93.7					/	218	*	365 / 4
=	39.22

Western Forest Products Days Payable Related Terms

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Western Forest Products (TSX:WEF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WFSTF:USA NWF:Germany

Address

1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3

Website

https://www.westernforest.com

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.

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