Dirtt Environmental Solutions (TSX:DRT) Days Payable : 45.06 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Dirtt Environmental Solutions Days Payable?

Dirtt Environmental Solutions's average Accounts Payable for the three months ended in Dec. 2023 was C$21.0 Mil. Dirtt Environmental Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was C$42.5 Mil. Hence, Dirtt Environmental Solutions's Days Payable for the three months ended in Dec. 2023 was 45.06.

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

TSX:DRT' s Days Payable Range Over the Past 10 Years
Min: 18.74 Med: 31.01 Max: 45.3
Current: 45.3

During the past 11 years, Dirtt Environmental Solutions's highest Days Payable was 45.30. The lowest was 18.74. And the median was 31.01.

TSX:DRT's Days Payable is ranked worse than
74.45% of 1601 companies
in the Construction industry
Industry Median: 74.1 vs TSX:DRT: 45.30

Dirtt Environmental Solutions's Days Payable declined from Dec. 2022 (51.15) to Dec. 2023 (45.06). It may suggest that Dirtt Environmental Solutions accelerated paying its suppliers.

Dirtt Environmental Solutions Days Payable Historical Data

The historical data trend for Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Days Payable Chart

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.48

19.69

18.74

20.67

31.96

Dirtt Environmental Solutions 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															51.15	41.55	54.83	52.78	45.06

Competitive Comparison of Dirtt Environmental Solutions's Days Payable

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Dirtt Environmental Solutions's Days Payable falls into.

Dirtt Environmental Solutions 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.

Dirtt Environmental Solutions'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
=	( (12.15	+	16.606)	/	2 )	/	164.197	*	365
=	14.378					/	164.197	*	365
=	31.96

Dirtt Environmental Solutions'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
=	( (25.386	+	16.606)	/	2 )	/	42.522	*	365 / 4
=	20.996					/	42.522	*	365 / 4
=	45.06

Dirtt Environmental Solutions Days Payable Related Terms

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

Dirtt Environmental Solutions (TSX:DRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dirtt Environmental Solutions Ltd (TSX:DRT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DRTTF:USA

Address

7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6

Website

https://www.dirtt.net

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.

Dirtt Environmental Solutions (TSX:DRT) Headlines

No Headlines