Oceansix Future Paths (TSXV:OSIX) Days Payable : 124.13 (As of Sep. 2023)

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What is Oceansix Future Paths Days Payable?

Oceansix Future Paths's average Accounts Payable for the three months ended in Sep. 2023 was C$0.82 Mil. Oceansix Future Paths's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.61 Mil. Hence, Oceansix Future Paths's Days Payable for the three months ended in Sep. 2023 was 124.13.

The historical rank and industry rank for Oceansix Future Paths's Days Payable or its related term are showing as below:

TSXV:OSIX' s Days Payable Range Over the Past 10 Years
Min: 75.65 Med: 90.74 Max: 474.07
Current: 270.11

During the past 4 years, Oceansix Future Paths's highest Days Payable was 474.07. The lowest was 75.65. And the median was 90.74.

TSXV:OSIX's Days Payable is ranked better than
94.19% of 2927 companies
in the Industrial Products industry
Industry Median: 76.55 vs TSXV:OSIX: 270.11

Oceansix Future Paths's Days Payable increased from Jun. 2022 (103.02) to Sep. 2023 (124.13). It may suggest that Oceansix Future Paths delayed paying its suppliers.

Oceansix Future Paths Days Payable Historical Data

The historical data trend for Oceansix Future Paths'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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Oceansix Future Paths Days Payable Chart

Oceansix Future Paths Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

75.65

90.74

474.07

Oceansix Future Paths Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial										103.02	269.01	349.46	203.34	124.13

Competitive Comparison of Oceansix Future Paths's Days Payable

For the Pollution & Treatment Controls subindustry, Oceansix Future Paths'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.

Oceansix Future Paths's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Oceansix Future Paths's Days Payable distribution charts can be found below:

* The bar in red indicates where Oceansix Future Paths's Days Payable falls into.

Oceansix Future Paths 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.

Oceansix Future Paths's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.792	+	0.977)	/	2 )	/	0.681	*	365
=	0.8845					/	0.681	*	365
=	474.07

Oceansix Future Paths's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.779	+	0.867)	/	2 )	/	0.605	*	365 / 4
=	0.823					/	0.605	*	365 / 4
=	124.13

Oceansix Future Paths Days Payable Related Terms

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Oceansix Future Paths (TSXV:OSIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oceansix Future Paths Ltd (TSXV:OSIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5FC0:Germany

Address

11 Derech Menahem Begin, Ramat Gan, ISR

Website

https://www.oceansix.com

Oceansix Future Paths Ltd is an environmental technology company. It operates in one principal business segment - advanced solutions based on recycled plastic products. Geographically, it operates in Israel & Foreign countries, out of which the majority is from foreign countries. The manufacturing arm transforms recycled plastics into diverse, smart products that serve multiple industries, including automotive, beverage, construction, and agriculture. The group offers customized, multifunctional solutions that comply with the latest environmental requirements as well as demanding client needs.

Oceansix Future Paths (TSXV:OSIX) Headlines

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