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Canadian Tire (Canadian Tire) Days Payable : 80.46 (As of Dec. 2023)


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What is Canadian Tire Days Payable?

Canadian Tire's average Accounts Payable for the three months ended in Dec. 2023 was $1,910 Mil. Canadian Tire's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,166 Mil. Hence, Canadian Tire's Days Payable for the three months ended in Dec. 2023 was 80.46.

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

CDNAF' s Days Payable Range Over the Past 10 Years
Min: 70.11   Med: 76.1   Max: 90.53
Current: 90.53

During the past 13 years, Canadian Tire's highest Days Payable was 90.53. The lowest was 70.11. And the median was 76.10.

CDNAF's Days Payable is ranked better than
70.93% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs CDNAF: 90.53

Canadian Tire's Days Payable declined from Dec. 2022 (80.65) to Dec. 2023 (80.46). It may suggest that Canadian Tire accelerated paying its suppliers.

Canadian Tire Days Payable Historical Data

The historical data trend for Canadian Tire'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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Canadian Tire Days Payable Chart

Canadian Tire 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 77.09 74.39 75.57 80.56 79.70

Canadian Tire 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 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 80.65 103.93 92.52 96.81 80.46

Competitive Comparison of Canadian Tire's Days Payable

For the Specialty Retail subindustry, Canadian Tire'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.

Canadian Tire's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Canadian Tire's Days Payable distribution charts can be found below:

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


Canadian Tire 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.

Canadian Tire'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
=( (1955.098 + 1610.092) / 2 ) / 8164.058*365
=1782.595 / 8164.058*365
=79.70

Canadian Tire'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
=( (2210.036 + 1610.092) / 2 ) / 2166.219*365 / 4
=1910.064 / 2166.219*365 / 4
=80.46

* 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.

Canadian Tire Days Payable Related Terms

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Canadian Tire (Canadian Tire) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (OTCPK:CDNAF) » Definitions » Days Payable
Comparable Companies
TSX:PET TSX:LNF TSX:ZZZ TSX:GBT TSX:KITS TSX:IDG TSXV:AWI TSXV:RUM XCNQ:AMB XCNQ:CCR ORLY TSX:ATD AZO TSCO ULTA SHSE:601888 GPC WSM DKS BBY
Traded in Other Exchanges
YAAA:Germany CTC.A:Canada CTC:Canada
Address
2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8
Website
https://www.corp.canadiantire.ca
Canadian Tire sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories, and vehicle fuel through a roughly 1,700-store network of company, dealer, and franchisee-operated locations across Canada. Aside from the namesake banner, stores operate primarily under the Mark's, SportChek, Party City, Atmosphere, and PartSource monikers. Additionally, the company owns Helly Hansen, a Norwegian sportswear and workwear brand, and also operates and holds majority ownership of a financing arm (Canadian Tire Financial Services; 20% owned by Scotiabank) and a REIT (CT REIT; Canadian Tire owns about 70%).