Colabor Group (TSX:GCL) Days Payable : 38.35 (As of Sep. 2024)

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What is Colabor Group Days Payable?

Colabor Group's average Accounts Payable for the three months ended in Sep. 2024 was C$55.5 Mil. Colabor Group's Cost of Goods Sold for the three months ended in Sep. 2024 was C$132.0 Mil. Hence, Colabor Group's Days Payable for the three months ended in Sep. 2024 was 38.35.

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

TSX:GCL' s Days Payable Range Over the Past 10 Years
Min: 21 Med: 27.23 Max: 44.18
Current: 32.98

During the past 13 years, Colabor Group's highest Days Payable was 44.18. The lowest was 21.00. And the median was 27.23.

TSX:GCL's Days Payable is ranked worse than
67.73% of 313 companies
in the Retail - Defensive industry
Industry Median: 44.98 vs TSX:GCL: 32.98

Colabor Group's Days Payable increased from Sep. 2023 (35.81) to Sep. 2024 (38.35). It may suggest that Colabor Group delayed paying its suppliers.

Colabor Group Days Payable Historical Data

The historical data trend for Colabor Group'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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Colabor Group Days Payable Chart

Colabor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.18

42.62

26.84

24.23

21.00

Colabor Group 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															35.81	22.84	34.01	37.00	38.35

Competitive Comparison of Colabor Group's Days Payable

For the Food Distribution subindustry, Colabor Group'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.

Colabor Group's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Colabor Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Colabor Group's Days Payable falls into.

Colabor Group 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.

Colabor Group'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
=	( (30.592	+	31.1)	/	2 )	/	536.096	*	365
=	30.846					/	536.096	*	365
=	21.00

Colabor Group'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
=	( (58.076	+	52.84)	/	2 )	/	131.969	*	365 / 4
=	55.458					/	131.969	*	365 / 4
=	38.35

Colabor Group Days Payable Related Terms

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Colabor Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Colabor Group Inc (TSX:GCL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

COLFF:USA 6LW:Germany

Address

1601 Rene-Descartes, Suite 103, Saint-Bruno-de-Montarville, QC, CAN, J3V 0A6

Website

http://www.colabor.com

Colabor Group Inc is a wholesaler and distributor of food and related products in Canada. The company operates in two segments Distribution and the Wholesale segment. Its Distribution segment operations include the distribution of food products and related products in hotels, restaurants, and institutions (HRI) and the retail market. Its products such as meat, fish, and seafood (Specialty Distribution), as well as general food-related products (Broadline Distribution), and the Wholesale segment's operations, include the sale of general food-related products to distributors from its distribution center in Boucherville. The company generates maximum revenue from the Distribution segment.

Executives

Danièle Bergeron	Director
Jean Gattuso	Director
Warren Joseph White	Director
Pierre Blanchette	Senior Officer
Robert John Briscoe	10% Security Holder
François R. Roy	Director
Louis Frenette	Senior Officer
Robert Bruce Johnston	Director
Joseph Michael Horgan	Director
Denis Mathieu	Director
Pierre Gagné	Senior Officer