Cogeco Communications (TSX:CCA) Days Payable : 222.78 (As of Feb. 2024)

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What is Cogeco Communications Days Payable?

Cogeco Communications's average Accounts Payable for the three months ended in Feb. 2024 was C$292 Mil. Cogeco Communications's Cost of Goods Sold for the three months ended in Feb. 2024 was C$120 Mil. Hence, Cogeco Communications's Days Payable for the three months ended in Feb. 2024 was 222.78.

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

TSX:CCA' s Days Payable Range Over the Past 10 Years
Min: 220.27 Med: 299.11 Max: 356.56
Current: 224.46

During the past 13 years, Cogeco Communications's highest Days Payable was 356.56. The lowest was 220.27. And the median was 299.11.

TSX:CCA's Days Payable is ranked better than
79.02% of 348 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs TSX:CCA: 224.46

Cogeco Communications's Days Payable declined from Feb. 2023 (244.03) to Feb. 2024 (222.78). It may suggest that Cogeco Communications accelerated paying its suppliers.

Cogeco Communications Days Payable Historical Data

The historical data trend for Cogeco Communications'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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Cogeco Communications Days Payable Chart

Cogeco Communications Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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297.94

229.84

220.27

270.24

258.42

Cogeco Communications 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															244.03	226.10	225.23	226.06	222.78

Competitive Comparison of Cogeco Communications's Days Payable

For the Telecom Services subindustry, Cogeco Communications'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.

Cogeco Communications's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogeco Communications's Days Payable distribution charts can be found below:

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

Cogeco Communications 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.

Cogeco Communications'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
=	( (380.461	+	319.225)	/	2 )	/	494.119	*	365
=	349.843					/	494.119	*	365
=	258.42

Cogeco Communications'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
=	( (287.54	+	297.45)	/	2 )	/	119.803	*	365 / 4
=	292.495					/	119.803	*	365 / 4
=	222.78

Cogeco Communications Days Payable Related Terms

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Cogeco Communications (TSX:CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Communications Inc (TSX:CCA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CGEAF:USA COG:Germany

Address

1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3

Website

https://www.cogeco.ca

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.