Greystone Logistics (Greystone Logistics) Days Payable : 28.59 (As of Feb. 2024)

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What is Greystone Logistics Days Payable?

Greystone Logistics's average Accounts Payable for the three months ended in Feb. 2024 was $3.80 Mil. Greystone Logistics's Cost of Goods Sold for the three months ended in Feb. 2024 was $12.11 Mil. Hence, Greystone Logistics's Days Payable for the three months ended in Feb. 2024 was 28.59.

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

GLGI' s Days Payable Range Over the Past 10 Years
Min: 15.79 Med: 32.37 Max: 54.74
Current: 28.69

During the past 13 years, Greystone Logistics's highest Days Payable was 54.74. The lowest was 15.79. And the median was 32.37.

GLGI's Days Payable is ranked worse than
82.13% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs GLGI: 28.69

Greystone Logistics's Days Payable declined from Feb. 2023 (42.41) to Feb. 2024 (28.59). It may suggest that Greystone Logistics accelerated paying its suppliers.

Greystone Logistics Days Payable Historical Data

The historical data trend for Greystone Logistics'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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Greystone Logistics Days Payable Chart

Greystone Logistics Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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32.45

32.29

29.64

31.82

39.60

Greystone Logistics Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															42.41	29.21	25.54	28.51	28.59

Competitive Comparison of Greystone Logistics's Days Payable

For the Specialty Chemicals subindustry, Greystone Logistics'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.

Greystone Logistics's Days Payable Distribution in the Chemicals Industry

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

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

Greystone Logistics 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.

Greystone Logistics's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (7.821	+	3.337)	/	2 )	/	51.427	*	365
=	5.579					/	51.427	*	365
=	39.60

Greystone Logistics's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (3.637	+	3.954)	/	2 )	/	12.114	*	365 / 4
=	3.7955					/	12.114	*	365 / 4
=	28.59

Greystone Logistics Days Payable Related Terms

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Greystone Logistics (Greystone Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Greystone Logistics Inc (OTCPK:GLGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1613 East 15th Street, Tulsa, OK, USA, 74120

Website

https://www.greystonelogistics.com

Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.

Executives

Drew T. Lockard	director	4436 POTOMAC AVENUE, DALLAS TX 75205
Warren F Kruger	officer: President	1613 E. 15TH STREET, TULSA OK 74120
Larry J. Lebarre	director	7518 MIDDLEWOOD, HOUSTON TX 77063
William W Rahhal	officer: Chief Financial Officer	1613 E. 15TH STREET, TULSA OK 74120
Paul Kruger	10 percent owner	1801 GATEWAY BLVD.,, SUITE 105, RICHARDSON TX 75080
Bob L Moore	director, officer: President & CEO	1613 E 15 ST, TULSA OK 74120
Glog Investment Llc	director, 10 percent owner	1613 E 15 ST, TULSA OK 74120
Robert Howard Nelson	officer: CFO & COO	1613 EAST 15TH STREET, TULSA OK 74120
Marshall S Cogan	director	767 THIRD AVENUE 15TH FLOOR, NEW YORK NY 10017
Rosene Robert B Jr	director	3226 E. 62ND STREET, TULSA OK 74136
Westgate Capital Co Llc	10 percent owner
Westgate Investments L P	10 percent owner	1613 EAST 15TH STREET, TULSA OK 74120