Canterbury Park Holding (Canterbury Park Holding) Days Payable : 147.10 (As of Dec. 2023)

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What is Canterbury Park Holding Days Payable?

Canterbury Park Holding's average Accounts Payable for the three months ended in Dec. 2023 was $4.06 Mil. Canterbury Park Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.52 Mil. Hence, Canterbury Park Holding's Days Payable for the three months ended in Dec. 2023 was 147.10.

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

CPHC' s Days Payable Range Over the Past 10 Years
Min: 66.59 Med: 80.8 Max: 154.64
Current: 98.01

During the past 13 years, Canterbury Park Holding's highest Days Payable was 154.64. The lowest was 66.59. And the median was 80.80.

CPHC's Days Payable is ranked better than
64.67% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.455 vs CPHC: 98.01

Canterbury Park Holding's Days Payable increased from Dec. 2022 (130.17) to Dec. 2023 (147.10). It may suggest that Canterbury Park Holding delayed paying its suppliers.

Canterbury Park Holding Days Payable Historical Data

The historical data trend for Canterbury Park Holding'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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Canterbury Park Holding Days Payable Chart

Canterbury Park Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.17

154.64

76.58

74.60

115.11

Canterbury Park Holding 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															130.17	107.41	71.00	73.63	147.10

Competitive Comparison of Canterbury Park Holding's Days Payable

For the Gambling subindustry, Canterbury Park Holding'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.

Canterbury Park Holding's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Canterbury Park Holding's Days Payable falls into.

Canterbury Park Holding 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.

Canterbury Park Holding'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
=	( (3.369	+	4.599)	/	2 )	/	12.633	*	365
=	3.984					/	12.633	*	365
=	115.11

Canterbury Park Holding'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
=	( (3.513	+	4.599)	/	2 )	/	2.516	*	365 / 4
=	4.056					/	2.516	*	365 / 4
=	147.10

Canterbury Park Holding Days Payable Related Terms

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Canterbury Park Holding (Canterbury Park Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canterbury Park Holding Corp (NAS:CPHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Canterbury Road, Shakopee, MN, USA, 55379

Website

https://www.canterburypark.com

Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.

Executives

Damon E. Schramm	director	C/O EVINE LIVE INC., 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 553444
Peter Ahn	director	1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Sampson Family Real Estate Holdings, Llc	10 percent owner	930 LAKE SUSAN HILLS DR., CHANHASSEN MN 55317
Mark Chronister	director	1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Maureen Hooley Bausch	director	1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
John Stefan Himle	director	1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Randy James Dehmer	officer: CFO/Vice President of Finance	1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Dale H Schenian	director
Burton F Dahlberg	director	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Robert Wolf	officer: VP of Finance	1100 CANTERBURY RD., SHAKOPEE MN 55379
Daniel J. Kennedy	officer: Senior VP of Operations	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Carin J Offerman	director	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Curtis A Sampson	director	PO BOX 777, S MAIN ST, HECTOR MN 55342
Michael Hochman	officer: Vice President - Card Casino	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Randall D Sampson	director, 10 percent owner, officer: President, CEO & General Mgr	1100 CANTERBURY ROAD, SHAKOPEE MN 55379