Clearfield (Clearfield) Days Payable

: 25.12 (As of Dec. 2023)

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Clearfield's average Accounts Payable for the three months ended in Dec. 2023 was $8.1 Mil. Clearfield's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.5 Mil. Hence, Clearfield's Days Payable for the three months ended in Dec. 2023 was 25.12.

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

CLFD' s Days Payable Range Over the Past 10 Years
Min: 16.05 Med: 22.84 Max: 38.52
Current: 29.14

During the past 13 years, Clearfield's highest Days Payable was 38.52. The lowest was 16.05. And the median was 22.84.

CLFD's Days Payable is ranked worse than
88.58% of 2417 companies
in the Hardware industry
Industry Median: 68 vs CLFD: 29.14

Clearfield's Days Payable declined from Dec. 2022 (35.06) to Dec. 2023 (25.12). It may suggest that Clearfield accelerated paying its suppliers.

Clearfield Days Payable Historical Data

The historical data trend for Clearfield'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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Clearfield Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

19.30

22.71

29.60

38.52

32.84

Clearfield Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																35.06	33.14	30.61	24.85	25.12

Competitive Comparison

For the Communication Equipment subindustry, Clearfield'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.

Clearfield Days Payable Distribution

For the Hardware industry and Technology sector, Clearfield's Days Payable distribution charts can be found below:

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

Clearfield 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.

Clearfield's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (24.118	+	8.891)	/	2 )	/	183.441	*	365
=	16.5045					/	183.441	*	365
=	32.84

Clearfield'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
=	( (8.891	+	7.368)	/	2 )	/	29.533	*	365 / 4
=	8.1295					/	29.533	*	365 / 4
=	25.12

Clearfield Days Payable Related Terms

Thank you for viewing the detailed overview of Clearfield's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Clearfield (Clearfield) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Clearfield Inc (NAS:CLFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AP7:Germany

Address

7050 Winnetka Avenue North, Suite 100, Brooklyn Park, MN, USA, 55428

Website

https://www.seeclearfield.com

Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.

Executives

Carol Ann Wirsbinski	director	7050 WINNETKA AVE. N., STE. 100, BROOKLYN PARK MN 55428
Ronald G Roth	director	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Jones Walter Louis Jr	director	7050 WINNETKA AVE N,, SUITE 100, BROOKLYN PARK MN 55428
Roger G Harding	director	7050 WINNETKA AVE. N. SUITE 100, BROOKLYN PARK MN 55428
Donald R. Hayward	director	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Daniel R Herzog	other: Comptroller	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Cheri B Podzimek	other: President of Subsidiary	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
John P Hill	officer: Chief Operating Officer	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Charles N Hayssen	director	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Patrick Goepel	director	7050 WINNETKA AVE N, SUITE 100, BROOKLYN PARK MN 55428
Clearfield, Inc.	director, officer: Chief Executive Officer	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Zucherman Stephen L Md	director	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Reddan John G Jr	director	7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Bruce G. Blackey	officer: Chief Financial Officer	5480 NATHAN LANE #120, PLYMOUTH MN 55442
Anil K Jain	director	4 WEST BAY LANE, NORTH OAKS MN 55127