Canfor Pulp Products (TSX:CFX) Days Payable : 72.15 (As of Dec. 2023)

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What is Canfor Pulp Products Days Payable?

Canfor Pulp Products's average Accounts Payable for the three months ended in Dec. 2023 was C$127.7 Mil. Canfor Pulp Products's Cost of Goods Sold for the three months ended in Dec. 2023 was C$161.5 Mil. Hence, Canfor Pulp Products's Days Payable for the three months ended in Dec. 2023 was 72.15.

The historical rank and industry rank for Canfor Pulp Products's Days Payable or its related term are showing as below:

TSX:CFX' s Days Payable Range Over the Past 10 Years
Min: 32.07 Med: 46.48 Max: 64.09
Current: 64.09

During the past 13 years, Canfor Pulp Products's highest Days Payable was 64.09. The lowest was 32.07. And the median was 46.48.

TSX:CFX's Days Payable is ranked better than
56.79% of 280 companies
in the Forest Products industry
Industry Median: 56.375 vs TSX:CFX: 64.09

Canfor Pulp Products's Days Payable increased from Dec. 2022 (53.43) to Dec. 2023 (72.15). It may suggest that Canfor Pulp Products delayed paying its suppliers.

Canfor Pulp Products Days Payable Historical Data

The historical data trend for Canfor Pulp Products'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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Canfor Pulp Products Days Payable Chart

Canfor Pulp Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.19

52.47

47.91

45.04

56.13

Canfor Pulp Products 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															53.43	61.78	61.74	70.36	72.15

Competitive Comparison of Canfor Pulp Products's Days Payable

For the Paper & Paper Products subindustry, Canfor Pulp Products'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.

Canfor Pulp Products's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Canfor Pulp Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Canfor Pulp Products's Days Payable falls into.

Canfor Pulp Products 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.

Canfor Pulp Products'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
=	( (110.5	+	127.7)	/	2 )	/	774.5	*	365
=	119.1					/	774.5	*	365
=	56.13

Canfor Pulp Products'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
=	( (0	+	127.7)	/	1 )	/	161.5	*	365 / 4
=	127.7					/	161.5	*	365 / 4
=	72.15

Canfor Pulp Products Days Payable Related Terms

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Canfor Pulp Products (TSX:CFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Canfor Pulp Products Inc (TSX:CFX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CFPUF:USA 8CP:Germany

Address

100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2

Website

https://www.canfor.com

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates Majority of the revenue. Canfor Pulp's NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Majority of Canfor Pulp's revenue comes from Asia. The majority of the company's shares are owned by Canfor Corporation.

Canfor Pulp Products (TSX:CFX) Headlines

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