Delta CleanTech (XCNQ:DELT) Days Payable : 1,588.82 (As of Sep. 2023)

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What is Delta CleanTech Days Payable?

Delta CleanTech's average Accounts Payable for the three months ended in Sep. 2023 was C$0.30 Mil. Delta CleanTech's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.02 Mil. Hence, Delta CleanTech's Days Payable for the three months ended in Sep. 2023 was 1,588.82.

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

XCNQ:DELT' s Days Payable Range Over the Past 10 Years
Min: 230.37 Med: 807.79 Max: 1322.11
Current: 230.37

During the past 3 years, Delta CleanTech's highest Days Payable was 1322.11. The lowest was 230.37. And the median was 807.79.

XCNQ:DELT's Days Payable is ranked better than
90.38% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs XCNQ:DELT: 230.37

Delta CleanTech's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (1,588.82). It may suggest that Delta CleanTech delayed paying its suppliers.

Delta CleanTech Days Payable Historical Data

The historical data trend for Delta CleanTech'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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Delta CleanTech Days Payable Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

1,322.11

293.47

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial						-	153.25	180.40	276.73	1,588.82

Competitive Comparison of Delta CleanTech's Days Payable

For the Pollution & Treatment Controls subindustry, Delta CleanTech'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.

Delta CleanTech's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Delta CleanTech's Days Payable falls into.

Delta CleanTech 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.

Delta CleanTech'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
=	( (0.326	+	0.351)	/	2 )	/	0.421	*	365
=	0.3385					/	0.421	*	365
=	293.47

Delta CleanTech'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.312	+	0.28)	/	2 )	/	0.017	*	365 / 4
=	0.296					/	0.017	*	365 / 4
=	1,588.82

Delta CleanTech Days Payable Related Terms

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Delta CleanTech (XCNQ:DELT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (XCNQ:DELT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DCTIF:USA

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

Delta CleanTech (XCNQ:DELT) Headlines

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