Composite Alliance Group (TSXV:CAG) Days Payable : 107.77 (As of Dec. 2023)

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What is Composite Alliance Group Days Payable?

Composite Alliance Group's average Accounts Payable for the three months ended in Dec. 2023 was C$4.35 Mil. Composite Alliance Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.69 Mil. Hence, Composite Alliance Group's Days Payable for the three months ended in Dec. 2023 was 107.77.

The historical rank and industry rank for Composite Alliance Group's Days Payable or its related term are showing as below:

TSXV:CAG' s Days Payable Range Over the Past 10 Years
Min: 121.81 Med: 269.82 Max: 369.61
Current: 121.81

During the past 13 years, Composite Alliance Group's highest Days Payable was 369.61. The lowest was 121.81. And the median was 269.82.

TSXV:CAG's Days Payable is ranked better than
70.36% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSXV:CAG: 121.81

Composite Alliance Group's Days Payable increased from Dec. 2022 (70.85) to Dec. 2023 (107.77). It may suggest that Composite Alliance Group delayed paying its suppliers.

Composite Alliance Group Days Payable Historical Data

The historical data trend for Composite Alliance Group'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.

* Premium members only.

Composite Alliance Group Days Payable Chart

Composite Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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150.64

305.33

369.61

234.31

156.87

Composite Alliance Group 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															70.85	138.98	148.73	183.94	107.77

Competitive Comparison of Composite Alliance Group's Days Payable

For the Specialty Industrial Machinery subindustry, Composite Alliance Group'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.

Composite Alliance Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Composite Alliance Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Composite Alliance Group's Days Payable falls into.

Composite Alliance Group 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.

Composite Alliance Group'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
=	( (3.081	+	5.266)	/	2 )	/	9.711	*	365
=	4.1735					/	9.711	*	365
=	156.87

Composite Alliance Group'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
=	( (3.438	+	5.266)	/	2 )	/	3.685	*	365 / 4
=	4.352					/	3.685	*	365 / 4
=	107.77

Composite Alliance Group Days Payable Related Terms

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Composite Alliance Group (TSXV:CAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Composite Alliance Group Inc (TSXV:CAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 - 7th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 2Z1

Website

https://www.compositealliancegroup.com

Composite Alliance Group Inc provides industrial turn-key solutions by designing and manufacturing the machines. It offers machines and processes to fabricate composite materials for the aerospace and automotive industries. Geographically, it operates in Europe, Asia, and North America, out of which a majority of its revenue is from Asia.