Chase (CCF) Days Payable : 27.14 (As of Aug. 2023)

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What is Chase Days Payable?

Chase's average Accounts Payable for the three months ended in Aug. 2023 was $19.5 Mil. Chase's Cost of Goods Sold for the three months ended in Aug. 2023 was $65.5 Mil. Hence, Chase's Days Payable for the three months ended in Aug. 2023 was 27.14.

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

CCF' s Days Payable Range Over the Past 10 Years
Min: 27.13 Med: 33.58 Max: 37.58
Current: 29.71

During the past 13 years, Chase's highest Days Payable was 37.58. The lowest was 27.13. And the median was 33.58.

CCF's Days Payable is not ranked
in the Chemicals industry.
Industry Median: 60.4 vs CCF: 29.71

Chase's Days Payable declined from Aug. 2022 (32.48) to Aug. 2023 (27.14). It may suggest that Chase accelerated paying its suppliers.

Chase Days Payable Historical Data

The historical data trend for Chase'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.

Chase Days Payable Chart

Chase Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

Get a 7-Day Free Trial

30.30

27.81

33.54

35.74

27.13

Chase Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Days Payable	Get a 7-Day Free Trial															32.48	29.75	35.31	29.69	27.14

Competitive Comparison of Chase's Days Payable

For the Specialty Chemicals subindustry, Chase'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.

Chase's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chase's Days Payable distribution charts can be found below:

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

Chase 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.

Chase's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (20.122	+	18.317)	/	2 )	/	258.574	*	365
=	19.2195					/	258.574	*	365
=	27.13

Chase's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (20.662	+	18.317)	/	2 )	/	65.516	*	365 / 4
=	19.4895					/	65.516	*	365 / 4
=	27.14

Chase Days Payable Related Terms

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Chase (CCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chase Corp (AMEX:CCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 University Avenue, Westwood, MA, USA, 02090

Website

https://www.chasecorp.com

Chase Corp is a specialty chemical company. It operates through the following segments: Adhesives, Sealants and Additives, Industrial Tapes and Corrosion Protection and Waterproofing. The firm generates majority revenue from the Industrial Tapes segment. Its Industrial Tapes segment features legacy wire and cable materials, specialty tapes, and other laminated and coated products. Geographically, it derives a majority of revenue from North America and also has a presence in Asia; Europe, and Other Countries.

Executives

Adam Chase	officer: COO/Vice President	104 ALBION ROAD, WELLESLEY MA 02481
Thomas Jr Wroe	director
Ellen Rubin	director	11 CLEMENTS ROAD, NEWTON MA 02458
Mary Claire Chase	director	115 SUMNER STREET, NEWTON MA 02459
Derby John H. Iii	director	1029 OCEAN BLVD., RYE NH 03870
Jeffery D Haigh	officer: Corporate Secretary	2 SUMMER STREET, NORWOOD MA 02062
Michael J. Bourque	officer: Treasurer & CFO	ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Lewis P Gack	director	5 LIVINGTON CIRCLE, ANDOVER MA 01810
Peter R Chase	officer: President, CEO	305 GRANGE PARK, BRIDGEWATER MA 02324
Joan Wallace-benjamin	director	175 SANDY VALLEY ROAD, DEDHAM MA 02026
Christian John Talma	officer: Chief Accounting Officer	5 ALHAMBRA RD., WELLESLEY MA 02481
Chad A. Mcdaniel	director	C/O LYDALL, INC., 1 COLONIAL ROAD, MANCHESTER CT 06042
Thomas D. Debyle	director	STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079
Kenneth James Feroldi	officer: CFO/Treasurer	67 KIMBERLEY DRIVE, WAKEFIELD RI 02878
Everett Jr Chadwick	director	20 SOUTH DRIVE, BRIDGEWATER MA 02324