Chemtrade Logisticsome Fund (Chemtrade Logisticsome Fund) Days Payable : 55.03 (As of Dec. 2023)

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What is Chemtrade Logisticsome Fund Days Payable?

Chemtrade Logisticsome Fund's average Accounts Payable for the three months ended in Dec. 2023 was $162 Mil. Chemtrade Logisticsome Fund's Cost of Goods Sold for the three months ended in Dec. 2023 was $268 Mil. Hence, Chemtrade Logisticsome Fund's Days Payable for the three months ended in Dec. 2023 was 55.03.

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

CGIFF' s Days Payable Range Over the Past 10 Years
Min: 34.23 Med: 40.14 Max: 57.01
Current: 57.01

During the past 13 years, Chemtrade Logisticsome Fund's highest Days Payable was 57.01. The lowest was 34.23. And the median was 40.14.

CGIFF's Days Payable is ranked worse than
54.19% of 1504 companies
in the Chemicals industry
Industry Median: 61 vs CGIFF: 57.01

Chemtrade Logisticsome Fund's Days Payable declined from Dec. 2022 (59.10) to Dec. 2023 (55.03). It may suggest that Chemtrade Logisticsome Fund accelerated paying its suppliers.

Chemtrade Logisticsome Fund Days Payable Historical Data

The historical data trend for Chemtrade Logisticsome Fund'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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Chemtrade Logisticsome Fund Days Payable Chart

Chemtrade Logisticsome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.05

34.18

34.22

38.72

41.76

Chemtrade Logisticsome Fund 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															59.10	53.55	65.35	68.88	55.03

Competitive Comparison of Chemtrade Logisticsome Fund's Days Payable

For the Chemicals subindustry, Chemtrade Logisticsome Fund'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.

Chemtrade Logisticsome Fund's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Chemtrade Logisticsome Fund's Days Payable falls into.

Chemtrade Logisticsome Fund 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.

Chemtrade Logisticsome Fund'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
=	( (124.131	+	119.112)	/	2 )	/	1062.999	*	365
=	121.6215					/	1062.999	*	365
=	41.76

Chemtrade Logisticsome Fund'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
=	( (204.451	+	119.112)	/	2 )	/	268.246	*	365 / 4
=	161.7815					/	268.246	*	365 / 4
=	55.03

Chemtrade Logisticsome Fund Days Payable Related Terms

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Chemtrade Logisticsome Fund (Chemtrade Logisticsome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chemtrade Logistics Income Fund (OTCPK:CGIFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHE.UN:Canada

Address

155 Gordon Baker Road, Suite 300, Toronto, ON, CAN, M2H 3N5

Website

https://www.chemtradelogistics.com

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company is organized into four main operating segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), Electrochemicals, and Corporate. SPPC markets, remove, and produces merchant, regenerated, and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services. WSSC manufactures and markets inorganic coagulants used in water treatment, which includes aluminium sulphate, aluminium chlorodryhate, polyaluminium chloride, sodium nitrate, potassium chloride, and other specialty chemicals. Its geographical segments are Canada, the United States, and South America.