C-Comtellite Systems (TSXV:CMI) Days Payable : 77.91 (As of Feb. 2024)

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What is C-Comtellite Systems Days Payable?

C-Comtellite Systems's average Accounts Payable for the three months ended in Feb. 2024 was C$0.84 Mil. C-Comtellite Systems's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.98 Mil. Hence, C-Comtellite Systems's Days Payable for the three months ended in Feb. 2024 was 77.91.

The historical rank and industry rank for C-Comtellite Systems's Days Payable or its related term are showing as below:

TSXV:CMI' s Days Payable Range Over the Past 10 Years
Min: 22.83 Med: 43.85 Max: 125.04
Current: 125.04

During the past 13 years, C-Comtellite Systems's highest Days Payable was 125.04. The lowest was 22.83. And the median was 43.85.

TSXV:CMI's Days Payable is ranked better than
79.5% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs TSXV:CMI: 125.04

C-Comtellite Systems's Days Payable declined from Feb. 2023 (425.34) to Feb. 2024 (77.91). It may suggest that C-Comtellite Systems accelerated paying its suppliers.

C-Comtellite Systems Days Payable Historical Data

The historical data trend for C-Comtellite Systems'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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C-Comtellite Systems Days Payable Chart

C-Comtellite Systems Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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30.00

46.45

52.42

36.60

70.64

C-Comtellite Systems 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															425.34	98.39	269.04	117.26	77.91

Competitive Comparison of C-Comtellite Systems's Days Payable

For the Communication Equipment subindustry, C-Comtellite Systems'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.

C-Comtellite Systems's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, C-Comtellite Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where C-Comtellite Systems's Days Payable falls into.

C-Comtellite Systems 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.

C-Comtellite Systems'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
=	( (0.513	+	0.479)	/	2 )	/	2.563	*	365
=	0.496					/	2.563	*	365
=	70.64

C-Comtellite Systems'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
=	( (0.479	+	1.191)	/	2 )	/	0.978	*	365 / 4
=	0.835					/	0.978	*	365 / 4
=	77.91

C-Comtellite Systems Days Payable Related Terms

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C-Comtellite Systems (TSXV:CMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » C-Com Satellite Systems Inc (TSXV:CMI) » Definitions » Days Payable

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CYSNF:USA

Address

2574 Sheffield Road, Ottawa, ON, CAN, K1B 3V7

Website

https://www.c-comsat.com

C-Com Satellite Systems Inc. is a Canadian based company. It is engaged in the designing, development, and manufacturing of mobile satellite-based antenna systems. The product portfolio comprises Driveaway antennas, Flyaway antennas, Fixed motorized antennas and others Geographically, the group has a business presence in Canada, Singapore, Europe, Asia, the US and other countries.