Dominion Lending Centres (TSX:DLCG) Days Payable : 53.60 (As of Dec. 2023)

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What is Dominion Lending Centres Days Payable?

Dominion Lending Centres's average Accounts Payable for the three months ended in Dec. 2023 was C$1.91 Mil. Dominion Lending Centres's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.25 Mil. Hence, Dominion Lending Centres's Days Payable for the three months ended in Dec. 2023 was 53.60.

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

TSX:DLCG' s Days Payable Range Over the Past 10 Years
Min: 42.08 Med: 77.44 Max: 273.33
Current: 63.18

During the past 13 years, Dominion Lending Centres's highest Days Payable was 273.33. The lowest was 42.08. And the median was 77.44.

TSX:DLCG's Days Payable is ranked better than
51.72% of 29 companies
in the Banks industry
Industry Median: 58.9 vs TSX:DLCG: 63.18

Dominion Lending Centres's Days Payable increased from Dec. 2022 (26.10) to Dec. 2023 (53.60). It may suggest that Dominion Lending Centres delayed paying its suppliers.

Dominion Lending Centres Days Payable Historical Data

The historical data trend for Dominion Lending Centres'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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Dominion Lending Centres Days Payable Chart

Dominion Lending Centres Annual Data

Trend

Sep13

Sep14

Sep15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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273.33

83.76

42.08

51.00

70.07

Dominion Lending Centres Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															26.10	82.66	59.15	55.85	53.60

Competitive Comparison of Dominion Lending Centres's Days Payable

For the Mortgage Finance subindustry, Dominion Lending Centres'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.

Dominion Lending Centres's Days Payable Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dominion Lending Centres's Days Payable distribution charts can be found below:

* The bar in red indicates where Dominion Lending Centres's Days Payable falls into.

Dominion Lending Centres 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.

Dominion Lending Centres'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
=	( (1.52	+	2.484)	/	2 )	/	10.429	*	365
=	2.002					/	10.429	*	365
=	70.07

Dominion Lending Centres'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
=	( (1.339	+	2.484)	/	2 )	/	3.254	*	365 / 4
=	1.9115					/	3.254	*	365 / 4
=	53.60

Dominion Lending Centres Days Payable Related Terms

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Dominion Lending Centres (TSX:DLCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dominion Lending Centres Inc (TSX:DLCG) » Definitions » Days Payable

Comparable Companies

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BRLGF:USA

Address

2207 - 4th Street SW, Suite 400, Calgary, AB, CAN, T2S 1X1

Website

https://www.dlcg.ca

Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.

Dominion Lending Centres (TSX:DLCG) Headlines

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