Canadian Solar (Canadian Solar) Days Payable : 50.11 (As of Sep. 2023)

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What is Canadian Solar Days Payable?

Canadian Solar's average Accounts Payable for the three months ended in Sep. 2023 was $845 Mil. Canadian Solar's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,538 Mil. Hence, Canadian Solar's Days Payable for the three months ended in Sep. 2023 was 50.11.

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

CSIQ' s Days Payable Range Over the Past 10 Years
Min: 38.48 Med: 57.16 Max: 72.06
Current: 47.48

During the past 13 years, Canadian Solar's highest Days Payable was 72.06. The lowest was 38.48. And the median was 57.16.

CSIQ's Days Payable is ranked worse than
54.16% of 962 companies
in the Semiconductors industry
Industry Median: 51.77 vs CSIQ: 47.48

Canadian Solar's Days Payable declined from Sep. 2022 (51.45) to Sep. 2023 (50.11). It may suggest that Canadian Solar accelerated paying its suppliers.

Canadian Solar Days Payable Historical Data

The historical data trend for Canadian Solar'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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Canadian Solar Days Payable Chart

Canadian Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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48.09

70.96

72.06

42.52

38.48

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															51.45	48.35	52.88	37.21	50.11

Competitive Comparison of Canadian Solar's Days Payable

For the Solar subindustry, Canadian Solar'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.

Canadian Solar's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Canadian Solar's Days Payable distribution charts can be found below:

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

Canadian Solar 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.

Canadian Solar's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (502.995	+	805.3)	/	2 )	/	6205.474	*	365
=	654.1475					/	6205.474	*	365
=	38.48

Canadian Solar's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (770.606	+	918.818)	/	2 )	/	1538.281	*	365 / 4
=	844.712					/	1538.281	*	365 / 4
=	50.11

Canadian Solar Days Payable Related Terms

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Canadian Solar (Canadian Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (NAS:CSIQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CSIQ:Mexico L5A:Germany L5A:Germany

Address

545 Speedvale Avenue West, Guelph, ON, CAN, N1K 1E6

Website

https://www.canadiansolar.com

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.