ECN Capital (TSX:ECN.PR.A.PFD) Days Payable

: 80.70 (As of Dec. 2023)

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ECN Capital's average Accounts Payable for the three months ended in Dec. 2023 was C$43.14 Mil. ECN Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was C$48.78 Mil. Hence, ECN Capital's Days Payable for the three months ended in Dec. 2023 was 80.70.

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

TSX:ECN.PR.A.PFD' s Days Payable Range Over the Past 10 Years
Min: 85.85 Med: 257.98 Max: 554.39
Current: 97.23

During the past 11 years, ECN Capital's highest Days Payable was 554.39. The lowest was 85.85. And the median was 257.98.

TSX:ECN.PR.A.PFD's Days Payable is ranked better than
60% of 30 companies
in the Banks industry
Industry Median: 54.08 vs TSX:ECN.PR.A.PFD: 97.23

ECN Capital's Days Payable declined from Dec. 2022 (109.86) to Dec. 2023 (80.70). It may suggest that ECN Capital accelerated paying its suppliers.

ECN Capital Days Payable Historical Data

The historical data trend for ECN Capital'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.

ECN Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

257.98

362.65

386.26

206.78

85.85

ECN Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																109.86	107.96	114.78	98.24	80.70

Competitive Comparison

For the Mortgage Finance subindustry, ECN Capital'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.

ECN Capital Days Payable Distribution

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

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

ECN Capital 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.

ECN Capital'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
=	( (52.071	+	37.676)	/	2 )	/	190.774	*	365
=	44.8735					/	190.774	*	365
=	85.85

ECN Capital'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
=	( (48.605	+	37.676)	/	2 )	/	48.782	*	365 / 4
=	43.1405					/	48.782	*	365 / 4
=	80.70

ECN Capital Days Payable Related Terms

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ECN Capital (TSX:ECN.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (TSX:ECN.PR.A.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ECNCF:USA 2EZ:Germany ECN.PR.C.PFD:Canada ECN:Canada

Address

161 Bay Street, Suite 2800, Toronto, ON, CAN, M5J2S1

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance.

ECN Capital (TSX:ECN.PR.A.PFD) Headlines

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