Canyon Creek Food Co (TSXV:CYF) Days Payable : 74.77 (As of Feb. 2024)

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What is Canyon Creek Food Co Days Payable?

Canyon Creek Food Co's average Accounts Payable for the three months ended in Feb. 2024 was C$3.64 Mil. Canyon Creek Food Co's Cost of Goods Sold for the three months ended in Feb. 2024 was C$4.45 Mil. Hence, Canyon Creek Food Co's Days Payable for the three months ended in Feb. 2024 was 74.77.

The historical rank and industry rank for Canyon Creek Food Co's Days Payable or its related term are showing as below:

TSXV:CYF' s Days Payable Range Over the Past 10 Years
Min: 24 Med: 77.59 Max: 138.94
Current: 105.99

During the past 13 years, Canyon Creek Food Co's highest Days Payable was 138.94. The lowest was 24.00. And the median was 77.59.

TSXV:CYF's Days Payable is ranked better than
83.4% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.09 vs TSXV:CYF: 105.99

Canyon Creek Food Co's Days Payable declined from Feb. 2023 (76.77) to Feb. 2024 (74.77). It may suggest that Canyon Creek Food Co accelerated paying its suppliers.

Canyon Creek Food Co Days Payable Historical Data

The historical data trend for Canyon Creek Food Co'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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Canyon Creek Food Co Days Payable Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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33.86

45.58

105.30

101.09

103.82

Canyon Creek Food Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															76.77	161.60	170.63	84.32	74.77

Competitive Comparison of Canyon Creek Food Co's Days Payable

For the Packaged Foods subindustry, Canyon Creek Food Co'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.

Canyon Creek Food Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Canyon Creek Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Canyon Creek Food Co's Days Payable falls into.

Canyon Creek Food Co 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.

Canyon Creek Food Co's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (3.449	+	3.054)	/	2 )	/	11.431	*	365
=	3.2515					/	11.431	*	365
=	103.82

Canyon Creek Food Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (3.719	+	3.57)	/	2 )	/	4.448	*	365 / 4
=	3.6445					/	4.448	*	365 / 4
=	74.77

Canyon Creek Food Co Days Payable Related Terms

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Canyon Creek Food Co (TSXV:CYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

Canyon Creek Food Co (TSXV:CYF) Headlines

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