Thermal Energy International (TSXV:TMG) Days Payable : 53.21 (As of Feb. 2024)

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What is Thermal Energy International Days Payable?

Thermal Energy International's average Accounts Payable for the three months ended in Feb. 2024 was C$1.75 Mil. Thermal Energy International's Cost of Goods Sold for the three months ended in Feb. 2024 was C$3.00 Mil. Hence, Thermal Energy International's Days Payable for the three months ended in Feb. 2024 was 53.21.

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

TSXV:TMG' s Days Payable Range Over the Past 10 Years
Min: 29.06 Med: 46.63 Max: 92.69
Current: 43.53

During the past 13 years, Thermal Energy International's highest Days Payable was 92.69. The lowest was 29.06. And the median was 46.63.

TSXV:TMG's Days Payable is ranked worse than
75.86% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs TSXV:TMG: 43.53

Thermal Energy International's Days Payable increased from Feb. 2023 (37.78) to Feb. 2024 (53.21). It may suggest that Thermal Energy International delayed paying its suppliers.

Thermal Energy International Days Payable Historical Data

The historical data trend for Thermal Energy International'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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Thermal Energy International Days Payable Chart

Thermal Energy International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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38.09

30.33

41.48

29.06

45.96

Thermal Energy International 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															37.78	37.29	59.62	36.79	53.21

Competitive Comparison of Thermal Energy International's Days Payable

For the Pollution & Treatment Controls subindustry, Thermal Energy International'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.

Thermal Energy International's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermal Energy International's Days Payable distribution charts can be found below:

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

Thermal Energy International 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.

Thermal Energy International'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
=	( (0.664	+	2.238)	/	2 )	/	11.523	*	365
=	1.451					/	11.523	*	365
=	45.96

Thermal Energy International'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
=	( (1.997	+	1.504)	/	2 )	/	3.002	*	365 / 4
=	1.7505					/	3.002	*	365 / 4
=	53.21

Thermal Energy International Days Payable Related Terms

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Thermal Energy International (TSXV:TMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermal Energy International Inc (TSXV:TMG) » Definitions » Days Payable

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TMGEF:USA EUW:Germany

Address

36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5

Website

https://www.thermalenergy.com

Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.

Executives

William Crossland

Director, Senior Officer

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