TGAFF (Taiga Building Products) Days Payable : 31.89 (As of Sep. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Taiga Building Products Days Payable?

Taiga Building Products's average Accounts Payable for the three months ended in Sep. 2024 was $98 Mil. Taiga Building Products's Cost of Goods Sold for the three months ended in Sep. 2024 was $279 Mil. Hence, Taiga Building Products's Days Payable for the three months ended in Sep. 2024 was 31.89.

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

TGAFF' s Days Payable Range Over the Past 10 Years
Min: 15.51 Med: 18.89 Max: 31.55
Current: 31.55

During the past 13 years, Taiga Building Products's highest Days Payable was 31.55. The lowest was 15.51. And the median was 18.89.

TGAFF's Days Payable is ranked worse than
83.01% of 153 companies
in the Industrial Distribution industry
Industry Median: 52.5 vs TGAFF: 31.55

Taiga Building Products's Days Payable declined from Sep. 2023 (32.97) to Sep. 2024 (31.89). It may suggest that Taiga Building Products accelerated paying its suppliers.

Taiga Building Products Days Payable Historical Data

The historical data trend for Taiga Building Products'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.

* Premium members only.

Taiga Building Products Days Payable Chart

Taiga Building Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.94

17.90

15.51

16.11

19.56

Taiga Building Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															32.97	31.67	27.02	30.76	31.89

Competitive Comparison of Taiga Building Products's Days Payable

For the Industrial Distribution subindustry, Taiga Building Products'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.

Taiga Building Products's Days Payable Distribution in the Industrial Distribution Industry

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

* The bar in red indicates where Taiga Building Products's Days Payable falls into.

Taiga Building Products 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.

Taiga Building Products'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
=	( (59.635	+	58.693)	/	2 )	/	1104.109	*	365
=	59.164					/	1104.109	*	365
=	19.56

Taiga Building Products's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (93.426	+	101.79)	/	2 )	/	279.301	*	365 / 4
=	97.608					/	279.301	*	365 / 4
=	31.89

Taiga Building Products Days Payable Related Terms

Thank you for viewing the detailed overview of Taiga Building Products's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiga Building Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Taiga Building Products Ltd (OTCPK:TGAFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

4T7:Germany TBL:Canada

Address

4710 Kingsway, Suite 800, Burnaby, BC, CAN, V5H 4M2

Website

https://www.taigabuilding.com

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, lumber, mouldings, panels, polyethylene, treated wood, roofing, flooring, and others. The company earns majority of the revenue from Canada followed by the United States.