Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Days Payable : 11.84 (As of Dec. 2023)

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What is Corporacion Financiera Colombiana Days Payable?

Corporacion Financiera Colombiana's average Accounts Payable for the three months ended in Dec. 2023 was $146 Mil. Corporacion Financiera Colombiana's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,123 Mil. Hence, Corporacion Financiera Colombiana's Days Payable for the three months ended in Dec. 2023 was 11.84.

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

CRPFY' s Days Payable Range Over the Past 10 Years
Min: 25.14 Med: 32.13 Max: 4545.44
Current: 25.14

During the past 11 years, Corporacion Financiera Colombiana's highest Days Payable was 4545.44. The lowest was 25.14. And the median was 32.13.

CRPFY's Days Payable is ranked worse than
77.14% of 468 companies
in the Asset Management industry
Industry Median: 69.215 vs CRPFY: 25.14

Corporacion Financiera Colombiana's Days Payable declined from Dec. 2022 (30.69) to Dec. 2023 (11.84). It may suggest that Corporacion Financiera Colombiana accelerated paying its suppliers.

Corporacion Financiera Colombiana Days Payable Historical Data

The historical data trend for Corporacion Financiera Colombiana'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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Corporacion Financiera Colombiana Days Payable Chart

Corporacion Financiera Colombiana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.30

29.43

29.80

31.96

23.13

Corporacion Financiera Colombiana 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															30.69	42.54	-	-	11.84

Competitive Comparison of Corporacion Financiera Colombiana's Days Payable

For the Asset Management subindustry, Corporacion Financiera Colombiana'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.

Corporacion Financiera Colombiana's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corporacion Financiera Colombiana's Days Payable distribution charts can be found below:

* The bar in red indicates where Corporacion Financiera Colombiana's Days Payable falls into.

Corporacion Financiera Colombiana 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.

Corporacion Financiera Colombiana'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
=	( (121.149	+	145.697)	/	2 )	/	2105.076	*	365
=	133.423					/	2105.076	*	365
=	23.13

Corporacion Financiera Colombiana'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
=	( (0	+	145.697)	/	1 )	/	1122.961	*	365 / 4
=	145.697					/	1122.961	*	365 / 4
=	11.84

Corporacion Financiera Colombiana Days Payable Related Terms

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Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corporacion Financiera Colombiana SA (OTCPK:CRPFY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PFCORFICOL:Columbia CORFICOLCF:Columbia

Address

Carrera 13 No. 26-45, Floor 8, Bogota, COL

Website

https://www.corficolombiana.com

Corporacion Financiera Colombiana SA is a financial service provider based in Colombia. The company along with its subsidiaries provides investment banking, commercial banking, treasury, and investments services to its customers. Through its business divisions, it offers debt and capital resources, mergers and acquisitions services, liquidity solutions, and foreign currency.

Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Headlines

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