California Nanotechnologies (California Nanotechnologies) Days Payable : 70.12 (As of Nov. 2023)

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What is California Nanotechnologies Days Payable?

California Nanotechnologies's average Accounts Payable for the three months ended in Nov. 2023 was $0.29 Mil. California Nanotechnologies's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.38 Mil. Hence, California Nanotechnologies's Days Payable for the three months ended in Nov. 2023 was 70.12.

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

CANOF' s Days Payable Range Over the Past 10 Years
Min: 116.62 Med: 204.14 Max: 328.95
Current: 116.62

During the past 13 years, California Nanotechnologies's highest Days Payable was 328.95. The lowest was 116.62. And the median was 204.14.

CANOF's Days Payable is ranked better than
82.78% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs CANOF: 116.62

California Nanotechnologies's Days Payable declined from Nov. 2022 (176.34) to Nov. 2023 (70.12). It may suggest that California Nanotechnologies accelerated paying its suppliers.

California Nanotechnologies Days Payable Historical Data

The historical data trend for California Nanotechnologies'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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California Nanotechnologies Days Payable Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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220.43

157.61

138.92

179.13

198.66

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															176.34	348.41	92.26	139.05	70.12

Competitive Comparison of California Nanotechnologies's Days Payable

For the Specialty Chemicals subindustry, California Nanotechnologies'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.

California Nanotechnologies's Days Payable Distribution in the Chemicals Industry

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

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

California Nanotechnologies 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.

California Nanotechnologies's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.189	+	0.229)	/	2 )	/	0.384	*	365
=	0.209					/	0.384	*	365
=	198.66

California Nanotechnologies's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.222	+	0.362)	/	2 )	/	0.38	*	365 / 4
=	0.292					/	0.38	*	365 / 4
=	70.12

California Nanotechnologies Days Payable Related Terms

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California Nanotechnologies (California Nanotechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.