G6 Materials (FRA:G310) Days Payable: 241.22 (As of Feb. 2024)

What is G6 Materials Days Payable?

G6 Materials FRA:G310 Days Payable is 241.22 as of Feb. 2024.

G6 Materials's average Accounts Payable for the three months ended in Feb. 2024 was €0.30 Mil. G6 Materials's Cost of Goods Sold for the three months ended in Feb. 2024 was €0.12 Mil. Hence, G6 Materials's Days Payable for the three months ended in Feb. 2024 was 241.22.

The historical rank and industry rank for G6 Materials's Days Payable or its related term are showing as below:

FRA:G310's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 59.87
* Ranked among companies with meaningful Days Payable only.

G6 Materials's Days Payable increased from Feb. 2023 (0.00) to Feb. 2024 (241.22). It may suggest that G6 Materials delayed paying its suppliers.

G6 Materials Days Payable Related Terms

G6 Materials Days Payable Historical Data

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The historical data trend for G6 Materials'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.

G6 Materials Days Payable Chart

G6 Materials Annual Data

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Days Payable

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G6 Materials Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															0.00	0.00	0.00	98.02	241.22

FRA:G310 vs CBNT, PVNNF, ILDO: Days Payable Comparison

For the Specialty Chemicals subindustry, G6 Materials'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.

G6 Materials Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, G6 Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where G6 Materials's Days Payable falls into.

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G6 Materials 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.

G6 Materials's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.246	*	365
=	0					/	1.246	*	365
=	0.00

G6 Materials's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.304	+	0)	/	1 )	/	0.115	*	365 / 4
=	0.304					/	0.115	*	365 / 4
=	241.22

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 241.22 mean?

G6 Materials (FRA:G310) has a Days Payable of 241.22 as of Feb. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on G6 Materials and its competitors.

Is G6 Materials' Days Payable too high?

G6 Materials' current Days Payable is 241.22. The Chemicals industry median Days Payable is 59.87. G6 Materials' value of 241.22 is 302.9% above this industry median.

How does G6 Materials' Days Payable compare to CBNT and PVNNF?

G6 Materials' Days Payable of 241.22 can be compared against companies in the Chemicals industry. The industry median Days Payable is 59.87. G6 Materials' value of 241.22 is 302.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for a Chemicals company?

The median Days Payable among Chemicals companies is 59.87, based on 1,551 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. G6 Materials's current Days Payable of 241.22 is 302.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on G6 Materials and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. G6 Materials's current Days Payable is 241.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is G6 Materials stock overvalued right now?

G6 Materials (FRA:G310) has a current Days Payable of 241.22. The current Days Payable is 241.22 and 302.9% above the Chemicals industry median of 59.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For G6 Materials (FRA:G310), the current Days Payable is 241.22 as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

G6 Materials Business Description

Industry Basic Materials Chemicals

Comparable Companies CBNT PVNNF ILDO VYST HGAS CNEY LIN XPAR:AI SHW ECL APD ISX:TPIA XSWX:SIKA XSWX:GIVN DD SHSE:600309 XAMS:DSFIR OCSE:NSIS B PPG BOM:500820

Address 760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website https://www.g6-materials.com

G6 Materials Corp is a technology company engaged in the development of graphene-based solutions. The company's target industries include but are not limited to aerospace, automotive, healthcare, marine, medical prosthetics and various branches of the military.