CECO Environmental (STU:WCE) Days Payable : 93.53 (As of Mar. 2024)

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What is CECO Environmental Days Payable?

CECO Environmental's average Accounts Payable for the three months ended in Mar. 2024 was €76.6 Mil. CECO Environmental's Cost of Goods Sold for the three months ended in Mar. 2024 was €74.7 Mil. Hence, CECO Environmental's Days Payable for the three months ended in Mar. 2024 was 93.53.

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

STU:WCE' s Days Payable Range Over the Past 10 Years
Min: 56.26 Med: 79.55 Max: 91.68
Current: 81.15

During the past 13 years, CECO Environmental's highest Days Payable was 91.68. The lowest was 56.26. And the median was 79.55.

STU:WCE's Days Payable is ranked better than
53.1% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs STU:WCE: 81.15

CECO Environmental's Days Payable increased from Mar. 2023 (89.41) to Mar. 2024 (93.53). It may suggest that CECO Environmental delayed paying its suppliers.

CECO Environmental Days Payable Historical Data

The historical data trend for CECO Environmental'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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CECO Environmental Days Payable Chart

CECO Environmental Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.75

94.58

88.43

78.19

79.70

CECO Environmental 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															89.41	81.40	74.50	83.50	93.53

Competitive Comparison of CECO Environmental's Days Payable

For the Pollution & Treatment Controls subindustry, CECO Environmental'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.

CECO Environmental's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where CECO Environmental's Days Payable falls into.

CECO Environmental 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.

CECO Environmental'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
=	( (69.296	+	80.413)	/	2 )	/	342.801	*	365
=	74.8545					/	342.801	*	365
=	79.70

CECO Environmental'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
=	( (80.413	+	72.736)	/	2 )	/	74.704	*	365 / 4
=	76.5745					/	74.704	*	365 / 4
=	93.53

CECO Environmental Days Payable Related Terms

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CECO Environmental (STU:WCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CECO Environmental Corp (STU:WCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CECO:USA WCE:Germany

Address

14651 North Dallas Parkway, Suite 500, Dallas, TX, USA, 75254

Website

https://www.cecoenviro.com

CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.

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