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Tree Island Steel (TSX:TSL) Days Payable : 30.34 (As of Mar. 2025)


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What is Tree Island Steel Days Payable?

Tree Island Steel's average Accounts Payable for the three months ended in Mar. 2025 was C$16.4 Mil. Tree Island Steel's Cost of Goods Sold for the three months ended in Mar. 2025 was C$49.3 Mil. Hence, Tree Island Steel's Days Payable for the three months ended in Mar. 2025 was 30.34.

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

TSX:TSL' s Days Payable Range Over the Past 10 Years
Min: 26.08   Med: 31.66   Max: 40.39
Current: 29.76

During the past 13 years, Tree Island Steel's highest Days Payable was 40.39. The lowest was 26.08. And the median was 31.66.

TSX:TSL's Days Payable is ranked worse than
64.43% of 596 companies
in the Steel industry
Industry Median: 42.08 vs TSX:TSL: 29.76

Tree Island Steel's Days Payable increased from Mar. 2024 (25.09) to Mar. 2025 (30.34). It may suggest that Tree Island Steel delayed paying its suppliers.


Tree Island Steel Days Payable Historical Data

The historical data trend for Tree Island Steel'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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Tree Island Steel Days Payable Chart

Tree Island Steel Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.74 35.25 27.43 26.08 27.56

Tree Island Steel Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.09 27.89 29.63 32.56 30.34

Competitive Comparison of Tree Island Steel's Days Payable

For the Steel subindustry, Tree Island Steel'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.


Tree Island Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tree Island Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Tree Island Steel's Days Payable falls into.


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Tree Island Steel 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.

Tree Island Steel's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (15.11 + 16.498) / 2 ) / 209.326*365
=15.804 / 209.326*365
=27.56

Tree Island Steel's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (16.498 + 16.313) / 2 ) / 49.347*365 / 4
=16.4055 / 49.347*365 / 4
=30.34

* 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.


Tree Island Steel Days Payable Related Terms

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Tree Island Steel Business Description

Traded in Other Exchanges
Address
3933 Boundary Road, Richmond, BC, CAN, V6V 1T8
Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following market segments: Industrial, Commercial, Agricultural, and Residential. Key revenue is derived from the Industrial products. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically, the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of its revenue.
Executives
Nancy Adriana Davies Senior Officer
Amar Doman 10% Security Holder, Director
Brian Chi Hong Liu Senior Officer
Theodore Alfred Leja Director
Remy Gilbert Theophil Stachowiak Senior Officer
Peter Morris Bull 10% Security Holder
Joseph Daniel Downes Director
Dale Robert Maclean Senior Officer
Sam Fleiser Director

Tree Island Steel Headlines