Detrex (Detrex) Days Payable : 29.51 (As of Sep. 2017)

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What is Detrex Days Payable?

Detrex's average Accounts Payable for the three months ended in Sep. 2017 was $2.07 Mil. Detrex's Cost of Goods Sold for the three months ended in Sep. 2017 was $6.40 Mil. Hence, Detrex's Days Payable for the three months ended in Sep. 2017 was 29.51.

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

DTRX's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 61
* Ranked among companies with meaningful Days Payable only.

Detrex's Days Payable increased from Sep. 2016 (24.32) to Sep. 2017 (29.51). It may suggest that Detrex delayed paying its suppliers.

Detrex Days Payable Historical Data

The historical data trend for Detrex'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.

Detrex Days Payable Chart

Detrex Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec13

Dec14

Dec15

Dec16

Days Payable

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24.51

22.48

23.17

21.38

Detrex Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Dec13	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Days Payable	Get a 7-Day Free Trial															24.32	22.54	21.05	26.24	29.51

Competitive Comparison of Detrex's Days Payable

For the Specialty Chemicals subindustry, Detrex'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.

Detrex's Days Payable Distribution in the Chemicals Industry

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

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

Detrex 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.

Detrex's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (1.677	+	1.291)	/	2 )	/	25.336	*	365
=	1.484					/	25.336	*	365
=	21.38

Detrex's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

	Days Payable (Q: Sep. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2017 )	+	Accounts Payable (Q: Sep. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
=	( (2.074	+	2.066)	/	2 )	/	6.401	*	365 / 4
=	2.07					/	6.401	*	365 / 4
=	29.51

Detrex Days Payable Related Terms

Thank you for viewing the detailed overview of Detrex's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Detrex (Detrex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Detrex Corp (OTCPK:DTRX) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Website

http://www.detrex.com

Detrex Corp manufactures specialty chemicals including petroleum additives and high purity hydrochloric acid through its wholly owned subsidiary, The Elco Corporation (Elco). It sells primarily to petrochemicals and industrial manufacturing companies. Elco's lubricant additives are used for enhancing the properties of hydraulic oils, metalworking fluids, gear oils, greases, and fuels. Elco's products are manufactured in Cleveland, Ohio and Ashtabula, Ohio and sold domestically through a direct sales force and globally through agents and distributors.

Detrex (Detrex) Headlines

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