FutureFuel (FutureFuel) Days Payable

: 23.07 (As of Dec. 2023)

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FutureFuel's average Accounts Payable for the three months ended in Dec. 2023 was $17.2 Mil. FutureFuel's Cost of Goods Sold for the three months ended in Dec. 2023 was $67.9 Mil. Hence, FutureFuel's Days Payable for the three months ended in Dec. 2023 was 23.07.

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

FF' s Days Payable Range Over the Past 10 Years
Min: 15.54 Med: 31.08 Max: 113.16
Current: 24.88

During the past 13 years, FutureFuel's highest Days Payable was 113.16. The lowest was 15.54. And the median was 31.08.

FF's Days Payable is ranked worse than
85.5% of 1503 companies
in the Chemicals industry
Industry Median: 60.04 vs FF: 24.88

FutureFuel's Days Payable increased from Dec. 2022 (22.55) to Dec. 2023 (23.07). It may suggest that FutureFuel delayed paying its suppliers.

FutureFuel Days Payable Historical Data

The historical data trend for FutureFuel'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.

FutureFuel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

113.16

76.54

15.54

20.72

27.29

FutureFuel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																22.55	48.42	24.07	13.94	23.07

Competitive Comparison

For the Specialty Chemicals subindustry, FutureFuel'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.

FutureFuel Days Payable Distribution

For the Chemicals industry and Basic Materials sector, FutureFuel's Days Payable distribution charts can be found below:

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

FutureFuel 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.

FutureFuel'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
=	( (27.656	+	21.288)	/	2 )	/	327.271	*	365
=	24.472					/	327.271	*	365
=	27.29

FutureFuel'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
=	( (13.056	+	21.288)	/	2 )	/	67.931	*	365 / 4
=	17.172					/	67.931	*	365 / 4
=	23.07

FutureFuel Days Payable Related Terms

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FutureFuel (FutureFuel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FutureFuel Corp (NYSE:FF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3FF:Germany

Address

8235 Forsyth Boulevard, Suite 400, Saint Louis, MO, USA, 63105

Website

https://www.futurefuelcorporation.com

FutureFuel Corp makes and sells diversified chemical products, bio-based fuel products, and specialty chemical products. The company is organized into two segments based on product type: biofuels and chemicals. The biofuel segment sells biodiesel and other petroleum products. Its fuels are made from a mix of diesel, vegetable oils, and grease feedstock. The chemicals segment sells products that are used in the production of agricultural chemicals, which include herbicides, coatings, and cleaning products, such as detergents.

Executives

Kyle Gaither	officer: Chief Operations Officer	8235 FORSYTH BOULEVARD, SUITE 400, CLAYTON MO 63105
Charles W. Lyon	officer: Chief Commercial Officer	8235 FORSYTH BOULEVARD, SUITE 400, CLAYTON MO 63105
Donald C. Bedell	director	731 N. MAIN STREET, SIKESTON MO 63801
Ronald J Kruszewski	director	501 NORTH BROADWAY, ST LOUIS MO 63102
Novelly Paul Anthony Ii	10 percent owner	C/O ST. ALBANS GLOBAL MANAGEMENT, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
Apex Holding Co.	10 percent owner	C/O ST. ALBANS GLOBAL MANAGEMENT, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
Sagm Holdings, Llc	10 percent owner	C/O ST. ALBANS GLOBAL MANAGEMENT, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
Paul M Flynn	officer: See remarks	8235 FORSYTH BLVD., SUITE 307, ST. LOUIS MO 63105
Dale E Cole	director	1325 HARRISON STREET, BATESVILLE AR 72501
Egger Terrance C Z	director	900 NORTH TUCKER BLVD, ST LOUIS MO 63101
Alain Louvel	director	C/O FUTURE FUEL, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
St. Albans Global Management, Llc	10 percent owner	8235 FORSYTH BOULEVARD, SUITE 400, CLAYTON MO 63105
Paul A Novelly	director, officer: Exec. Chair. of Board of Dir.	115 S JEFFERSON RD, WHIPPANY NJ 07981
Mckinlay Thomas	officer: Chief Operating Officer	8235 FORSYTH, FOURTH FLOOR, ST. LOUIS MO 63105
Paul G. Lorenzini	director	25 FORDYCE LANE, ST. LOUIS MO 63124