Imaflex (TSXV:IFX) Days Payable

: 37.22 (As of Sep. 2023)

View and export this data going back to 1996. Start your Free Trial

Imaflex's average Accounts Payable for the three months ended in Sep. 2023 was C$8.41 Mil. Imaflex's Cost of Goods Sold for the three months ended in Sep. 2023 was C$20.62 Mil. Hence, Imaflex's Days Payable for the three months ended in Sep. 2023 was 37.22.

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

TSXV:IFX' s Days Payable Range Over the Past 10 Years
Min: 17.54 Med: 30.75 Max: 43.31
Current: 37.22

During the past 13 years, Imaflex's highest Days Payable was 43.31. The lowest was 17.54. And the median was 30.75.

TSXV:IFX's Days Payable is ranked worse than
75.48% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs TSXV:IFX: 37.22

Imaflex's Days Payable declined from Sep. 2022 (38.58) to Sep. 2023 (37.22). It may suggest that Imaflex accelerated paying its suppliers.

Imaflex Days Payable Historical Data

The historical data trend for Imaflex'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.

* Premium members only.

Imaflex Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

30.32

28.80

20.91

19.33

17.54

Imaflex 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															38.58	31.60	33.32	45.59	37.22

Competitive Comparison

For the Packaging & Containers subindustry, Imaflex'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.

Imaflex Days Payable Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Imaflex's Days Payable distribution charts can be found below:

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

Imaflex 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.

Imaflex'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
=	( (5.622	+	3.363)	/	2 )	/	93.487	*	365
=	4.4925					/	93.487	*	365
=	17.54

Imaflex'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
=	( (9.766	+	7.055)	/	2 )	/	20.62	*	365 / 4
=	8.4105					/	20.62	*	365 / 4
=	37.22

Imaflex Days Payable Related Terms

Thank you for viewing the detailed overview of Imaflex's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Imaflex (TSXV:IFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Imaflex Inc (TSXV:IFX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IFLXF:USA

Address

5710, Rue Notre-Dame Ouest, Montreal, QC, CAN, H4C 1V2

Website

https://www.imaflex.com

Imaflex Inc is focused on the development and manufacturing of innovative solutions for the flexible packaging space. The company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. It also specializes in the metalization of plastic film primarily for food packaging and agricultural mulches.

Imaflex (TSXV:IFX) Headlines

No Headlines