Taronis Fuels (Taronis Fuels) Days Payable : 110.31 (As of Sep. 2020)

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What is Taronis Fuels Days Payable?

Taronis Fuels's average Accounts Payable for the three months ended in Sep. 2020 was $4.07 Mil. Taronis Fuels's Cost of Goods Sold for the three months ended in Sep. 2020 was $3.37 Mil. Hence, Taronis Fuels's Days Payable for the three months ended in Sep. 2020 was 110.31.

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

TRNFQ's Days Payable is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 76.22
* Ranked among companies with meaningful Days Payable only.

Taronis Fuels's Days Payable increased from Sep. 2019 (80.51) to Sep. 2020 (110.31). It may suggest that Taronis Fuels delayed paying its suppliers.

Taronis Fuels Days Payable Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Days Payable Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Days Payable

138.51

84.65

82.34

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Payable	Get a 7-Day Free Trial					80.51	124.87	106.35	149.53	110.31

Competitive Comparison of Taronis Fuels's Days Payable

For the Utilities - Renewable subindustry, Taronis Fuels'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.

Taronis Fuels's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taronis Fuels's Days Payable distribution charts can be found below:

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

Taronis Fuels 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.

Taronis Fuels's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (1.769	+	2.895)	/	2 )	/	10.338	*	365
=	2.332					/	10.338	*	365
=	82.34

Taronis Fuels's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (2.786	+	5.352)	/	2 )	/	3.366	*	365 / 4
=	4.069					/	3.366	*	365 / 4
=	110.31

Taronis Fuels Days Payable Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director