WestBond Enterprises (TSXV:WBE) Days Payable : 40.33 (As of Dec. 2023)

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What is WestBond Enterprises Days Payable?

WestBond Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was C$0.90 Mil. WestBond Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.04 Mil. Hence, WestBond Enterprises's Days Payable for the three months ended in Dec. 2023 was 40.33.

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

TSXV:WBE' s Days Payable Range Over the Past 10 Years
Min: 22.94 Med: 35.48 Max: 47.44
Current: 37.96

During the past 13 years, WestBond Enterprises's highest Days Payable was 47.44. The lowest was 22.94. And the median was 35.48.

TSXV:WBE's Days Payable is ranked worse than
67.97% of 281 companies
in the Forest Products industry
Industry Median: 56.57 vs TSXV:WBE: 37.96

WestBond Enterprises's Days Payable declined from Dec. 2022 (43.39) to Dec. 2023 (40.33). It may suggest that WestBond Enterprises accelerated paying its suppliers.

WestBond Enterprises Days Payable Historical Data

The historical data trend for WestBond Enterprises'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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WestBond Enterprises Days Payable Chart

WestBond Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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33.06

41.99

36.15

27.11

22.94

WestBond Enterprises 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															43.39	46.97	28.70	34.13	40.33

Competitive Comparison of WestBond Enterprises's Days Payable

For the Paper & Paper Products subindustry, WestBond Enterprises'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.

WestBond Enterprises's Days Payable Distribution in the Forest Products Industry

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

* The bar in red indicates where WestBond Enterprises's Days Payable falls into.

WestBond Enterprises 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.

WestBond Enterprises's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.578	+	0.471)	/	2 )	/	8.344	*	365
=	0.5245					/	8.344	*	365
=	22.94

WestBond Enterprises'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
=	( (0.801	+	1.003)	/	2 )	/	2.041	*	365 / 4
=	0.902					/	2.041	*	365 / 4
=	40.33

WestBond Enterprises Days Payable Related Terms

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WestBond Enterprises (TSXV:WBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (TSXV:WBE) » Definitions » Days Payable

Traded in Other Exchanges

WBNEF:USA

Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Long-term care, Non-clinical air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.

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