Firan Technology Group (TSX:FTG) Days Payable : 80.97 (As of Feb. 2024)

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What is Firan Technology Group Days Payable?

Firan Technology Group's average Accounts Payable for the three months ended in Feb. 2024 was C$23.1 Mil. Firan Technology Group's Cost of Goods Sold for the three months ended in Feb. 2024 was C$26.0 Mil. Hence, Firan Technology Group's Days Payable for the three months ended in Feb. 2024 was 80.97.

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

TSX:FTG' s Days Payable Range Over the Past 10 Years
Min: 64.23 Med: 74.44 Max: 81.13
Current: 74.09

During the past 13 years, Firan Technology Group's highest Days Payable was 81.13. The lowest was 64.23. And the median was 74.44.

TSX:FTG's Days Payable is ranked worse than
51.85% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.75 vs TSX:FTG: 74.09

Firan Technology Group's Days Payable declined from Feb. 2023 (95.72) to Feb. 2024 (80.97). It may suggest that Firan Technology Group accelerated paying its suppliers.

Firan Technology Group Days Payable Historical Data

The historical data trend for Firan Technology Group'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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Firan Technology Group Days Payable Chart

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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73.94

74.44

81.13

76.58

74.74

Firan Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															95.72	72.86	75.77	75.77	80.97

Competitive Comparison of Firan Technology Group's Days Payable

For the Aerospace & Defense subindustry, Firan Technology Group'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.

Firan Technology Group's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Firan Technology Group's Days Payable falls into.

Firan Technology Group 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.

Firan Technology Group's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (14.906	+	24.377)	/	2 )	/	95.915	*	365
=	19.6415					/	95.915	*	365
=	74.74

Firan Technology Group's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (24.377	+	21.846)	/	2 )	/	26.046	*	365 / 4
=	23.1115					/	26.046	*	365 / 4
=	80.97

Firan Technology Group Days Payable Related Terms

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Firan Technology Group (TSX:FTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (TSX:FTG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FTGFF:USA

Address

250 Finchdene Square, Finance Dept, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.

Firan Technology Group (TSX:FTG) Headlines

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