Quality Industrial (Quality Industrial) Days Payable : 266.93 (As of Jun. 2023)

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What is Quality Industrial Days Payable?

Quality Industrial's average Accounts Payable for the three months ended in Jun. 2023 was $39.97 Mil. Quality Industrial's Cost of Goods Sold for the three months ended in Jun. 2023 was $13.66 Mil. Hence, Quality Industrial's Days Payable for the three months ended in Jun. 2023 was 266.93.

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

QIND' s Days Payable Range Over the Past 10 Years
Min: 0.45 Med: 0.45 Max: 143.71
Current: 143.71

During the past 4 years, Quality Industrial's highest Days Payable was 143.71. The lowest was 0.45. And the median was 0.45.

QIND's Days Payable is ranked better than
76.23% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs QIND: 143.71

Quality Industrial's Days Payable increased from Jun. 2022 (0.09) to Jun. 2023 (266.93). It may suggest that Quality Industrial delayed paying its suppliers.

Quality Industrial Days Payable Historical Data

The historical data trend for Quality Industrial'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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Quality Industrial Days Payable Chart

Quality Industrial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

0.45

Quality Industrial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial										0.09	121.18	81.32	139.96	266.93

Competitive Comparison of Quality Industrial's Days Payable

For the Specialty Industrial Machinery subindustry, Quality Industrial'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.

Quality Industrial's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quality Industrial's Days Payable distribution charts can be found below:

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

Quality Industrial 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.

Quality Industrial's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.054)	/	1 )	/	43.932	*	365
=	0.054					/	43.932	*	365
=	0.45

Quality Industrial's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (38.921	+	41.01)	/	2 )	/	13.662	*	365 / 4
=	39.9655					/	13.662	*	365 / 4
=	266.93

Quality Industrial Days Payable Related Terms

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Quality Industrial (Quality Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality Industrial Corp (OTCPK:QIND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

315 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.qualityindustrialcorp.com

Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.

Executives

Terje Aarbogh	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell	officer: Chief Executive Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett	officer: Chief Operations Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link	director, 10 percent owner	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy	officer: Chief Financial Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal	director	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk	officer: CEO	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104