Viskase (Viskase) Days Payable : 33.75 (As of Sep. 2023)

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What is Viskase Days Payable?

Viskase's average Accounts Payable for the three months ended in Sep. 2023 was $30.5 Mil. Viskase's Cost of Goods Sold for the three months ended in Sep. 2023 was $82.6 Mil. Hence, Viskase's Days Payable for the three months ended in Sep. 2023 was 33.75.

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

VKSC' s Days Payable Range Over the Past 10 Years
Min: 35.71 Med: 39.77 Max: 134.99
Current: 134.99

During the past 13 years, Viskase's highest Days Payable was 134.99. The lowest was 35.71. And the median was 39.77.

VKSC's Days Payable is ranked better than
88.83% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs VKSC: 134.99

Viskase's Days Payable declined from Jun. 2018 (35.46) to Sep. 2023 (33.75). It may suggest that Viskase accelerated paying its suppliers.

Viskase Days Payable Historical Data

The historical data trend for Viskase'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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Viskase Days Payable Chart

Viskase Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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40.93

37.69

39.85

39.78

39.88

Viskase Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															35.46	35.58	34.73	32.73	33.75

Competitive Comparison of Viskase's Days Payable

For the Packaging & Containers subindustry, Viskase'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.

Viskase's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Viskase's Days Payable distribution charts can be found below:

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

Viskase 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.

Viskase's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (35.954	+	33.053)	/	2 )	/	315.764	*	365
=	34.5035					/	315.764	*	365
=	39.88

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

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	30.532)	/	1 )	/	82.558	*	365 / 4
=	30.532					/	82.558	*	365 / 4
=	33.75

Viskase Days Payable Related Terms

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Viskase (Viskase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Viskase Companies Inc (OTCPK:VKSC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 East Butterfield Road, Suite 400, Lombard, IL, USA, 60148-5679

Website

https://www.viskase.com

Viskase Companies Inc together with its subsidiaries manufactures and distributes non-edible cellulosic food casings used to prepare and package processed meat products. It offers cellulose, fibrous, polyamide casings, and film under the brand NOJAX, VISCOAT, MOKE MASTER, COLOR MASTER, POLYJAX, and others. The company's geographical segments are located in North America, South America, Europe, and Asia. The majority of its revenue is derived from North America.

Viskase (Viskase) Headlines

From GuruFocus

Viskase Companies, Inc. - Special Call Transcript

By GuruFocus Research • 02-15-2024