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GuruFocus has detected 6 Warning Signs with Westport Fuel Systems Inc $WPRT.
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Westport Fuel Systems Inc (NAS:WPRT)
Days Payable
140.65 (As of Mar. 2017)

Westport Fuel Systems Inc's payable for the three months ended in Mar. 2017 was $65.5 Mil. Westport Fuel Systems Inc's cost of goods sold for the three months ended in Mar. 2017 was $42.5 Mil. Hence, Westport Fuel Systems Inc's days payable for the three months ended in Mar. 2017 was 140.65.

WPRT' s Days Payable Range Over the Past 10 Years
Min: 31.28   Max: 183.51
Current: 120.41

31.28
183.51

During the past 13 years, Westport Fuel Systems Inc's highest Days Payable was 183.51. The lowest was 31.28. And the median was 105.24.

WPRT's Days Payable is ranked higher than
86% of the 995 Companies
in the Global Auto Parts industry.

( Industry Median: 59.00 vs. WPRT: 120.41 )

Westport Fuel Systems Inc's days payable declined from Mar. 2016 (217.80) to Mar. 2017 (140.65). It may suggest that Westport Fuel Systems Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Westport Fuel Systems Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=70.411/176.55*365
=145.57

Westport Fuel Systems Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=65.526/42.512*365 / 4
=140.65

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Westport Fuel Systems Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Dec12Dec13Dec14Dec15Dec16
DaysPayable 57.3463.0631.280.0073.30135.18105.24150.97183.51145.57

Westport Fuel Systems Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 120.23148.18182.89161.00177.30217.80180.3185.78104.10140.65
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