CF Energy (TSXV:CFY) Days Payable : 33.48 (As of Dec. 2023)

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What is CF Energy Days Payable?

CF Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$5.24 Mil. CF Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$14.27 Mil. Hence, CF Energy's Days Payable for the three months ended in Dec. 2023 was 33.48.

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

TSXV:CFY' s Days Payable Range Over the Past 10 Years
Min: 30.85 Med: 56.91 Max: 102.78
Current: 30.85

During the past 13 years, CF Energy's highest Days Payable was 102.78. The lowest was 30.85. And the median was 56.91.

TSXV:CFY's Days Payable is ranked worse than
85.43% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.265 vs TSXV:CFY: 30.85

CF Energy's Days Payable declined from Dec. 2022 (47.52) to Dec. 2023 (33.48). It may suggest that CF Energy accelerated paying its suppliers.

CF Energy Days Payable Historical Data

The historical data trend for CF Energy'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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CF Energy Days Payable Chart

CF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.17

46.87

44.55

50.25

33.16

CF Energy 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															47.52	33.59	29.24	26.84	33.48

Competitive Comparison of CF Energy's Days Payable

For the Utilities - Regulated Gas subindustry, CF Energy'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.

CF Energy's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CF Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where CF Energy's Days Payable falls into.

CF Energy 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.

CF Energy'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
=	( (5.582	+	5.16)	/	2 )	/	59.127	*	365
=	5.371					/	59.127	*	365
=	33.16

CF Energy'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
=	( (5.312	+	5.16)	/	2 )	/	14.27	*	365 / 4
=	5.236					/	14.27	*	365 / 4
=	33.48

CF Energy Days Payable Related Terms

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CF Energy (TSXV:CFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CF Energy Corp (TSXV:CFY) » Definitions » Days Payable

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CGFEF:USA

Address

3100 Steeles Avenue East, Suite 3008, Markham, ON, CAN, L3R 8T3

Website

http://www.cfenergy.com

CF Energy Corp is an investment holding company engaged in the distribution of natural gas and sustainable energy utilization for industrial, commercial, and residential users as well as electric vehicle battery swap service in the PRC. It has three operating segments; the Gas distribution utility segment which includes gas sales, pipeline installation, and connection, CNG vehicles refuel and provide gas pipeline installation and connection services and deliver natural gas to residential, commercial, and industrial customers, The Integrated smart energy segment uses multiple clean energy sources, including solar, hydro, electricity, and natural gas to supply cooling, heating, as well as hot water, and The smart mobility segment operates an electric vehicle battery swap business.

Executives

Yongbiao Ding

Director

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