GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (OTCPK:MCCRF) » Definitions » Days Payable

McCoy Global (McCoy Global) Days Payable : 88.81 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is McCoy Global Days Payable?

McCoy Global's average Accounts Payable for the three months ended in Mar. 2024 was $8.12 Mil. McCoy Global's Cost of Goods Sold for the three months ended in Mar. 2024 was $8.34 Mil. Hence, McCoy Global's Days Payable for the three months ended in Mar. 2024 was 88.81.

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

MCCRF' s Days Payable Range Over the Past 10 Years
Min: 30.47   Med: 42.19   Max: 72.09
Current: 72.09

During the past 13 years, McCoy Global's highest Days Payable was 72.09. The lowest was 30.47. And the median was 42.19.

MCCRF's Days Payable is ranked better than
55.89% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs MCCRF: 72.09

McCoy Global's Days Payable increased from Mar. 2023 (66.09) to Mar. 2024 (88.81). It may suggest that McCoy Global delayed paying its suppliers.


McCoy Global Days Payable Historical Data

The historical data trend for McCoy Global'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.

* Premium members only.

McCoy Global Days Payable Chart

McCoy Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.38 38.25 45.44 61.35 66.26

McCoy Global Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.09 76.35 87.49 66.05 88.81

Competitive Comparison of McCoy Global's Days Payable

For the Oil & Gas Equipment & Services subindustry, McCoy Global'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.


McCoy Global's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, McCoy Global's Days Payable distribution charts can be found below:

* The bar in red indicates where McCoy Global's Days Payable falls into.



McCoy Global 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.

McCoy Global'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
=( (6.304 + 6.377) / 2 ) / 34.928*365
=6.3405 / 34.928*365
=66.26

McCoy Global's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (6.377 + 9.861) / 2 ) / 8.342*365 / 4
=8.119 / 8.342*365 / 4
=88.81

* 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.


McCoy Global Days Payable Related Terms

Thank you for viewing the detailed overview of McCoy Global's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


McCoy Global (McCoy Global) Business Description

Traded in Other Exchanges
Address
9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8
McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.

McCoy Global (McCoy Global) Headlines

From GuruFocus