Logistec (TSX:LGT.A) Days Payable : 62.33 (As of Sep. 2023)

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What is Logistec Days Payable?

Logistec's average Accounts Payable for the three months ended in Sep. 2023 was C$166.1 Mil. Logistec's Cost of Goods Sold for the three months ended in Sep. 2023 was C$243.2 Mil. Hence, Logistec's Days Payable for the three months ended in Sep. 2023 was 62.33.

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

TSX:LGT.A' s Days Payable Range Over the Past 10 Years
Min: 20.77 Med: 38.32 Max: 65.92
Current: 65.92

During the past 13 years, Logistec's highest Days Payable was 65.92. The lowest was 20.77. And the median was 38.32.

TSX:LGT.A's Days Payable is not ranked
in the Transportation industry.
Industry Median: 39.47 vs TSX:LGT.A: 65.92

Logistec's Days Payable increased from Sep. 2022 (53.51) to Sep. 2023 (62.33). It may suggest that Logistec delayed paying its suppliers.

Logistec Days Payable Historical Data

The historical data trend for Logistec'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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Logistec Days Payable Chart

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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49.59

50.12

46.83

58.72

50.86

Logistec Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															53.51	50.68	73.93	76.02	62.33

Competitive Comparison of Logistec's Days Payable

For the Marine Shipping subindustry, Logistec'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.

Logistec's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Logistec's Days Payable distribution charts can be found below:

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

Logistec 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.

Logistec's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (127.044	+	73.636)	/	2 )	/	720.079	*	365
=	100.34					/	720.079	*	365
=	50.86

Logistec's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (178.206	+	154.037)	/	2 )	/	243.189	*	365 / 4
=	166.1215					/	243.189	*	365 / 4
=	62.33

Logistec Days Payable Related Terms

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Logistec (TSX:LGT.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (TSX:LGT.A) » Definitions » Days Payable

Traded in Other Exchanges

LTKBF:USA LGT.B:Canada

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.

Logistec (TSX:LGT.A) Headlines

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