goeasy (goeasy) Days Payable : 72.21 (As of Dec. 2023)

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What is goeasy Days Payable?

goeasy's average Accounts Payable for the three months ended in Dec. 2023 was $66.1 Mil. goeasy's Cost of Goods Sold for the three months ended in Dec. 2023 was $83.5 Mil. Hence, goeasy's Days Payable for the three months ended in Dec. 2023 was 72.21.

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

EHMEF' s Days Payable Range Over the Past 10 Years
Min: 63.76 Med: 77.06 Max: 81.54
Current: 68.87

During the past 13 years, goeasy's highest Days Payable was 81.54. The lowest was 63.76. And the median was 77.06.

EHMEF's Days Payable is ranked better than
58.87% of 282 companies
in the Credit Services industry
Industry Median: 48.745 vs EHMEF: 68.87

goeasy's Days Payable declined from Dec. 2022 (75.97) to Dec. 2023 (72.21). It may suggest that goeasy accelerated paying its suppliers.

goeasy Days Payable Historical Data

The historical data trend for goeasy'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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goeasy Days Payable Chart

goeasy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.56

76.13

78.37

76.60

66.78

goeasy 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															75.97	65.63	64.29	73.76	72.21

Competitive Comparison of goeasy's Days Payable

For the Credit Services subindustry, goeasy'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.

goeasy's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, goeasy's Days Payable distribution charts can be found below:

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

goeasy 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.

goeasy'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
=	( (45.12	+	63.569)	/	2 )	/	297.021	*	365
=	54.3445					/	297.021	*	365
=	66.78

goeasy'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
=	( (68.546	+	63.569)	/	2 )	/	83.481	*	365 / 4
=	66.0575					/	83.481	*	365 / 4
=	72.21

goeasy Days Payable Related Terms

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goeasy (goeasy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » goeasy Ltd (OTCPK:EHMEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1ES:Germany GSY:Canada

Address

33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5

Website

https://www.goeasy.com

goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.