Bri-Chem (Bri-Chem) Days Payable : 44.30 (As of Dec. 2023)

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What is Bri-Chem Days Payable?

Bri-Chem's average Accounts Payable for the three months ended in Dec. 2023 was $8.15 Mil. Bri-Chem's Cost of Goods Sold for the three months ended in Dec. 2023 was $16.78 Mil. Hence, Bri-Chem's Days Payable for the three months ended in Dec. 2023 was 44.30.

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

BRYFF' s Days Payable Range Over the Past 10 Years
Min: 26.61 Med: 42.28 Max: 54.55
Current: 49.89

During the past 13 years, Bri-Chem's highest Days Payable was 54.55. The lowest was 26.61. And the median was 42.28.

BRYFF's Days Payable is ranked worse than
56.84% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs BRYFF: 49.89

Bri-Chem's Days Payable declined from Dec. 2022 (46.75) to Dec. 2023 (44.30). It may suggest that Bri-Chem accelerated paying its suppliers.

Bri-Chem Days Payable Historical Data

The historical data trend for Bri-Chem'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.

Bri-Chem Days Payable Chart

Bri-Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.47

36.55

26.60

35.71

45.19

Bri-Chem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															46.75	52.08	66.06	45.44	44.30

Competitive Comparison of Bri-Chem's Days Payable

For the Oil & Gas Equipment & Services subindustry, Bri-Chem'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.

Bri-Chem's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bri-Chem's Days Payable distribution charts can be found below:

* The bar in red indicates where Bri-Chem's Days Payable falls into.

Bri-Chem 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.

Bri-Chem's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (7.895	+	8.218)	/	2 )	/	65.075	*	365
=	8.0565					/	65.075	*	365
=	45.19

Bri-Chem's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.073	+	8.218)	/	2 )	/	16.777	*	365 / 4
=	8.1455					/	16.777	*	365 / 4
=	44.30

Bri-Chem Days Payable Related Terms

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Bri-Chem (Bri-Chem) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bri-Chem Corp (OTCPK:BRYFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5JN:Germany BRY:Canada

Address

27075 Acheson Road, Acheson, AB, CAN, T7X 6B1

Website

https://www.brichem.com

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. The Other segment represents insignificant segments and all remaining costs not directly attributable to an operating segment, such as corporate overhead. A majority of its revenue is derived from the distribution of fluids in the United States of America.