EcoSynthetix (TSX:ECO) Days Payable

: 35.00 (As of Dec. 2023)

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EcoSynthetix's average Accounts Payable for the three months ended in Dec. 2023 was C$1.22 Mil. EcoSynthetix's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.19 Mil. Hence, EcoSynthetix's Days Payable for the three months ended in Dec. 2023 was 35.00.

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

TSX:ECO' s Days Payable Range Over the Past 10 Years
Min: 16.99 Med: 27.05 Max: 39.47
Current: 29.12

During the past 13 years, EcoSynthetix's highest Days Payable was 39.47. The lowest was 16.99. And the median was 27.05.

TSX:ECO's Days Payable is ranked worse than
81.37% of 1503 companies
in the Chemicals industry
Industry Median: 60.45 vs TSX:ECO: 29.12

EcoSynthetix's Days Payable increased from Dec. 2022 (26.59) to Dec. 2023 (35.00). It may suggest that EcoSynthetix delayed paying its suppliers.

EcoSynthetix Days Payable Historical Data

The historical data trend for EcoSynthetix'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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EcoSynthetix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

23.67

18.56

19.55

26.56

38.94

EcoSynthetix Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																26.59	35.95	16.43	19.85	35.00

Competitive Comparison

For the Specialty Chemicals subindustry, EcoSynthetix'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.

EcoSynthetix Days Payable Distribution

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

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

EcoSynthetix 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.

EcoSynthetix'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
=	( (1.713	+	1.115)	/	2 )	/	13.253	*	365
=	1.414					/	13.253	*	365
=	38.94

EcoSynthetix'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
=	( (1.333	+	1.115)	/	2 )	/	3.191	*	365 / 4
=	1.224					/	3.191	*	365 / 4
=	35.00

EcoSynthetix Days Payable Related Terms

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EcoSynthetix (TSX:ECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » EcoSynthetix Inc (TSX:ECO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ECSNF:USA

Address

3365 Mainway, Burlington, ON, CAN, L7M 1A6

Website

http://www.ecosynthetix.com

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.