FirstService (FirstService) Days Payable

: 15.39 (As of Dec. 2023)

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FirstService's average Accounts Payable for the three months ended in Dec. 2023 was $124 Mil. FirstService's Cost of Goods Sold for the three months ended in Dec. 2023 was $736 Mil. Hence, FirstService's Days Payable for the three months ended in Dec. 2023 was 15.39.

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

FSV' s Days Payable Range Over the Past 10 Years
Min: 9.27 Med: 14.12 Max: 25.19
Current: 14.42

During the past 13 years, FirstService's highest Days Payable was 25.19. The lowest was 9.27. And the median was 14.12.

FSV's Days Payable is ranked worse than
90.45% of 1571 companies
in the Real Estate industry
Industry Median: 96.71 vs FSV: 14.42

FirstService's Days Payable increased from Dec. 2022 (14.33) to Dec. 2023 (15.39). It may suggest that FirstService delayed paying its suppliers.

FirstService Days Payable Historical Data

The historical data trend for FirstService'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.

* Premium members only.

FirstService Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

13.17

17.04

16.46

15.37

16.06

FirstService Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																14.33	14.84	13.12	12.66	15.39

Competitive Comparison

For the Real Estate Services subindustry, FirstService'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.

FirstService Days Payable Distribution

For the Real Estate industry and Real Estate sector, FirstService's Days Payable distribution charts can be found below:

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

FirstService 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.

FirstService'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
=	( (115.989	+	143.347)	/	2 )	/	2947.008	*	365
=	129.668					/	2947.008	*	365
=	16.06

FirstService'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
=	( (104.853	+	143.347)	/	2 )	/	735.92	*	365 / 4
=	124.1					/	735.92	*	365 / 4
=	15.39

FirstService Days Payable Related Terms

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FirstService (FirstService) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FirstService Corp (NAS:FSV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FSV:Canada

Address

1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9

Website

https://www.firstservice.com

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.