CDNTF (Canadian Tire) Days Payable : 89.53 (As of Dec. 2024)

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What is Canadian Tire Days Payable?

Canadian Tire's average Accounts Payable for the three months ended in Dec. 2024 was $2,051 Mil. Canadian Tire's Cost of Goods Sold for the three months ended in Dec. 2024 was $2,090 Mil. Hence, Canadian Tire's Days Payable for the three months ended in Dec. 2024 was 89.53.

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

CDNTF' s Days Payable Range Over the Past 10 Years
Min: 70.11 Med: 76.65 Max: 90.14
Current: 90.14

During the past 13 years, Canadian Tire's highest Days Payable was 90.14. The lowest was 70.11. And the median was 76.65.

CDNTF's Days Payable is ranked better than
69.94% of 1088 companies
in the Retail - Cyclical industry
Industry Median: 54.725 vs CDNTF: 90.14

Canadian Tire's Days Payable increased from Dec. 2023 (80.46) to Dec. 2024 (89.53). It may suggest that Canadian Tire delayed paying its suppliers.

Canadian Tire Days Payable Historical Data

The historical data trend for Canadian Tire'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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Canadian Tire Days Payable Chart

Canadian Tire Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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74.39

75.57

80.56

79.70

79.96

Canadian Tire Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															80.46	99.52	91.43	97.09	89.53

Competitive Comparison of Canadian Tire's Days Payable

For the Specialty Retail subindustry, Canadian Tire'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.

Canadian Tire's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Canadian Tire's Days Payable distribution charts can be found below:

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

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Canadian Tire 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.

Canadian Tire'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
=	( (1610.092	+	1692.567)	/	2 )	/	7537.797	*	365
=	1651.3295					/	7537.797	*	365
=	79.96

Canadian Tire's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (2408.682	+	1692.567)	/	2 )	/	2090.054	*	365 / 4
=	2050.6245					/	2090.054	*	365 / 4
=	89.53

Canadian Tire Days Payable Related Terms

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Canadian Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (OTCPK:CDNTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CDNAF:USA YAAA:Germany CTC.A:Canada CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, Party City, and Helly Hansen. Its wide product assortment includes automotive parts, appliances, home improvement items, sporting goods, and apparel. The firm also offers a loyalty program with 11 million members and owns a financial services arm that manages a credit card portfolio for its more than 2 million active users.