NFI Group (TSX:NFI) Days Payable : 70.82 (As of Dec. 2023)

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What is NFI Group Days Payable?

NFI Group's average Accounts Payable for the three months ended in Dec. 2023 was C$734 Mil. NFI Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$945 Mil. Hence, NFI Group's Days Payable for the three months ended in Dec. 2023 was 70.82.

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

TSX:NFI' s Days Payable Range Over the Past 10 Years
Min: 53.66 Med: 66.05 Max: 86.07
Current: 77.01

During the past 13 years, NFI Group's highest Days Payable was 86.07. The lowest was 53.66. And the median was 66.05.

TSX:NFI's Days Payable is ranked better than
58.6% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs TSX:NFI: 77.01

NFI Group's Days Payable increased from Dec. 2022 (63.33) to Dec. 2023 (70.82). It may suggest that NFI Group delayed paying its suppliers.

NFI Group Days Payable Historical Data

The historical data trend for NFI Group'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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NFI Group Days Payable Chart

NFI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.07

85.07

80.40

74.58

NFI Group 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															63.33	88.58	79.57	75.10	70.82

Competitive Comparison of NFI Group's Days Payable

For the Auto Manufacturers subindustry, NFI Group'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.

NFI Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NFI Group's Days Payable distribution charts can be found below:

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

NFI Group 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.

NFI Group'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
=	( (616.474	+	734.695)	/	2 )	/	3306.328	*	365
=	675.5845					/	3306.328	*	365
=	74.58

NFI Group'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
=	( (732.792	+	734.695)	/	2 )	/	945.412	*	365 / 4
=	733.7435					/	945.412	*	365 / 4
=	70.82

NFI Group Days Payable Related Terms

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NFI Group (TSX:NFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NFI Group Inc (TSX:NFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NFYEF:USA 9NF:Germany

Address

711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4

Website

https://www.nfigroup.com

NFI Group Inc is a global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited ("ADL") (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC ("ARBOC") (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations.

NFI Group (TSX:NFI) Headlines

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