Conrad Industries (Conrad Industries) Days Payable : 13.24 (As of Sep. 2023)

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What is Conrad Industries Days Payable?

Conrad Industries's average Accounts Payable for the three months ended in Sep. 2023 was $9.20 Mil. Conrad Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $63.36 Mil. Hence, Conrad Industries's Days Payable for the three months ended in Sep. 2023 was 13.24.

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

CNRD' s Days Payable Range Over the Past 10 Years
Min: 14.05 Med: 19.34 Max: 52.98
Current: 52.98

During the past 13 years, Conrad Industries's highest Days Payable was 52.98. The lowest was 14.05. And the median was 19.34.

CNRD's Days Payable is ranked worse than
61.62% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.56 vs CNRD: 52.98

Conrad Industries's Days Payable declined from Jun. 2018 (15.23) to Sep. 2023 (13.24). It may suggest that Conrad Industries accelerated paying its suppliers.

Conrad Industries Days Payable Historical Data

The historical data trend for Conrad Industries'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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Conrad Industries Days Payable Chart

Conrad Industries Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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18.81

14.05

21.83

20.84

20.15

Conrad Industries Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															15.23	16.31	15.96	16.43	13.24

Competitive Comparison of Conrad Industries's Days Payable

For the Aerospace & Defense subindustry, Conrad Industries'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.

Conrad Industries's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Conrad Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Conrad Industries's Days Payable falls into.

Conrad Industries 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.

Conrad Industries's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (11.514	+	8.679)	/	2 )	/	182.905	*	365
=	10.0965					/	182.905	*	365
=	20.15

Conrad Industries'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: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	9.197)	/	1 )	/	63.364	*	365 / 4
=	9.197					/	63.364	*	365 / 4
=	13.24

Conrad Industries Days Payable Related Terms

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Conrad Industries (Conrad Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Conrad Industries Inc (OTCPK:CNRD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Brashear Avenue, Suite 200, Morgan City, LA, USA, 70380

Website

https://www.conradindustries.com

Conrad Industries Inc is engaged in the construction, repair, and conversion of steel and aluminum marine vessels for commercial and governmental customers. The business activity of the firm is operated through Vessel Construction and Repair and Conversions segments. It generates maximum revenue from the Vessel Construction segment. The Vessel Construction segment involves the building of a new vessel, often including engineering and design. The Repair and Conversions segment comprises work on an existing vessel.

Executives

Myers Kenneth G Jr

director, officer: President and CEO

STEWART ENTERPRISES, INC., 1333 SOUTH CLEARVIEW PARKWAY, JEFFERSON LA 70121