Goodfellow (TSX:GDL) Days Payable

: 34.49 (As of Feb. 2024)

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Goodfellow's average Accounts Payable for the three months ended in Feb. 2024 was C$31.2 Mil. Goodfellow's Cost of Goods Sold for the three months ended in Feb. 2024 was C$82.5 Mil. Hence, Goodfellow's Days Payable for the three months ended in Feb. 2024 was 34.49.

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

TSX:GDL' s Days Payable Range Over the Past 10 Years
Min: 16.6 Med: 20.55 Max: 27.33
Current: 27.33

During the past 13 years, Goodfellow's highest Days Payable was 27.33. The lowest was 16.60. And the median was 20.55.

TSX:GDL's Days Payable is ranked worse than
81.43% of 280 companies
in the Forest Products industry
Industry Median: 56.375 vs TSX:GDL: 27.33

Goodfellow's Days Payable increased from Feb. 2023 (30.95) to Feb. 2024 (34.49). It may suggest that Goodfellow delayed paying its suppliers.

Goodfellow Days Payable Historical Data

The historical data trend for Goodfellow'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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Goodfellow Annual Data

Trend

Aug13

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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21.64

25.94

22.73

19.84

23.76

Goodfellow 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															30.95	24.62	23.30	25.22	34.49

Competitive Comparison

For the Lumber & Wood Production subindustry, Goodfellow'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.

Goodfellow Days Payable Distribution

For the Forest Products industry and Basic Materials sector, Goodfellow's Days Payable distribution charts can be found below:

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

Goodfellow 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.

Goodfellow'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
=	( (25.172	+	26.975)	/	2 )	/	400.461	*	365
=	26.0735					/	400.461	*	365
=	23.76

Goodfellow'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
=	( (26.975	+	35.422)	/	2 )	/	82.546	*	365 / 4
=	31.1985					/	82.546	*	365 / 4
=	34.49

Goodfellow Days Payable Related Terms

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Goodfellow (TSX:GDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (TSX:GDL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to remanufacturing and distribution of lumber and wood products. The Company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. Majority of company's revenue is generated from sale of Lumber. The company operates in Canada and The United States; majority revenue is generated from Canada.