Abakan (Abakan) Days Payable : 860.03 (As of May. 2015)

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What is Abakan Days Payable?

Abakan's average Accounts Payable for the three months ended in May. 2015 was $1.32 Mil. Abakan's Cost of Goods Sold for the three months ended in May. 2015 was $0.14 Mil. Hence, Abakan's Days Payable for the three months ended in May. 2015 was 860.03.

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

ABKI's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 60.565
* Ranked among companies with meaningful Days Payable only.

Abakan's Days Payable declined from May. 2014 (4,597.06) to May. 2015 (860.03). It may suggest that Abakan accelerated paying its suppliers.

Abakan Days Payable Historical Data

The historical data trend for Abakan'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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Abakan Days Payable Chart

Abakan Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

Days Payable

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109.26

325.24

1,496.13

1,023.04

Abakan Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Days Payable	Get a 7-Day Free Trial															4,597.06	1,329.09	1,150.62	457.98	860.03

Competitive Comparison of Abakan's Days Payable

For the Specialty Chemicals subindustry, Abakan'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.

Abakan's Days Payable Distribution in the Chemicals Industry

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

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

Abakan 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.

Abakan's Days Payable for the fiscal year that ended in May. 2015 is calculated as

	Days Payable (A: May. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2014 )	+	Accounts Payable (A: May. 2015 ))	/	count )	/	Cost of Goods Sold (A: May. 2015 )	*	Days in Period
=	( (1.552	+	1.604)	/	2 )	/	0.563	*	365
=	1.578					/	0.563	*	365
=	1,023.04

Abakan's Days Payable for the quarter that ended in May. 2015 is calculated as:

	Days Payable (Q: May. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2015 )	+	Accounts Payable (Q: May. 2015 ))	/	count )	/	Cost of Goods Sold (Q: May. 2015 )	*	Days in Period
=	( (1.035	+	1.604)	/	2 )	/	0.14	*	365 / 4
=	1.3195					/	0.14	*	365 / 4
=	860.03

Abakan Days Payable Related Terms

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Abakan (Abakan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Abakan Inc (OTCPK:ABKI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.abakaninc.com

Abakan Inc manufactures and markets nano-composite materials, fabricated metal products, engineered metal composites and engineered reactive materials. These have applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure, and processing industries. Its technology portfolio includes metal cladding technology, long-life nano-composite anti-corrosion and wear coating materials, metal composites, and dissolvable materials. It offers a family of nano-composite thermal spray coating materials known as PComP. The company's revenues are comprised of sales of PComP powder along with thermal spray application services, research and development grants and equipment sale and lease income.

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