Fountain Asset (TSXV:FA) Days Payable : 0.00 (As of Dec. 2023)

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What is Fountain Asset Days Payable?

Fountain Asset's average Accounts Payable for the three months ended in Dec. 2023 was C$0.00 Mil. Fountain Asset's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.10 Mil. Hence, Fountain Asset's Days Payable for the three months ended in Dec. 2023 was 0.00.

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

TSXV:FA' s Days Payable Range Over the Past 10 Years
Min: 69.31 Med: 162.48 Max: 419.45
Current: 111.23

During the past 13 years, Fountain Asset's highest Days Payable was 419.45. The lowest was 69.31. And the median was 162.48.

TSXV:FA's Days Payable is ranked better than
69.37% of 284 companies
in the Credit Services industry
Industry Median: 48.71 vs TSXV:FA: 111.23

Fountain Asset's Days Payable declined from Dec. 2022 (104.47) to Dec. 2023 (0.00). It may suggest that Fountain Asset accelerated paying its suppliers.

Fountain Asset Days Payable Historical Data

The historical data trend for Fountain Asset'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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Fountain Asset Days Payable Chart

Fountain Asset Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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354.26

419.45

191.28

162.48

145.09

Fountain Asset 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															104.47	127.27	-	-	-

Competitive Comparison of Fountain Asset's Days Payable

For the Credit Services subindustry, Fountain Asset'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.

Fountain Asset's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fountain Asset's Days Payable distribution charts can be found below:

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

Fountain Asset 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.

Fountain Asset'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
=	( (0.159	+	0)	/	1 )	/	0.4	*	365
=	0.159					/	0.4	*	365
=	145.09

Fountain Asset'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
=	( (0	+	0)	/	1 )	/	0.096	*	365 / 4
=	0					/	0.096	*	365 / 4
=	0.00

Fountain Asset Days Payable Related Terms

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Fountain Asset (TSXV:FA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fountain Asset Corp (TSXV:FA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Market Street, Unit 609, Toronto, ON, CAN, M5E 0A3

Website

http://www.fountainassetcorp.com

Fountain Asset Corp is a Canadian investment company. It focuses on creating shareholder value by offering various debt and equity financing solutions to companies across several industries such as manufacturing, retail, financial services, technology, cannabis, biotechnology, oil and gas, mining, and cryptocurrency.