TerraVest Industries (TSX:TVK) Days Payable : 44.50 (As of Mar. 2024)

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What is TerraVest Industries Days Payable?

TerraVest Industries's average Accounts Payable for the three months ended in Mar. 2024 was C$74.1 Mil. TerraVest Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was C$152.0 Mil. Hence, TerraVest Industries's Days Payable for the three months ended in Mar. 2024 was 44.50.

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

TSX:TVK' s Days Payable Range Over the Past 10 Years
Min: 21.58 Med: 29.03 Max: 45.92
Current: 45.92

During the past 13 years, TerraVest Industries's highest Days Payable was 45.92. The lowest was 21.58. And the median was 29.03.

TSX:TVK's Days Payable is ranked worse than
60.18% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs TSX:TVK: 45.92

TerraVest Industries's Days Payable declined from Mar. 2023 (49.59) to Mar. 2024 (44.50). It may suggest that TerraVest Industries accelerated paying its suppliers.

TerraVest Industries Days Payable Historical Data

The historical data trend for TerraVest Industries'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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TerraVest Industries Days Payable Chart

TerraVest Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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29.78

22.95

30.11

28.28

33.44

TerraVest Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															49.59	60.43	46.35	34.06	44.50

Competitive Comparison of TerraVest Industries's Days Payable

For the Oil & Gas Equipment & Services subindustry, TerraVest Industries'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.

TerraVest Industries's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TerraVest Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where TerraVest Industries's Days Payable falls into.

TerraVest Industries 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.

TerraVest Industries's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (45.126	+	48.768)	/	2 )	/	512.391	*	365
=	46.947					/	512.391	*	365
=	33.44

TerraVest Industries's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (72.666	+	75.571)	/	2 )	/	151.969	*	365 / 4
=	74.1185					/	151.969	*	365 / 4
=	44.50

TerraVest Industries Days Payable Related Terms

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TerraVest Industries (TSX:TVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TerraVest Industries Inc (TSX:TVK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRRVF:USA

Address

60 Street, Suite 6205, Vegreville, AB, CAN, T9C 1P7

Website

https://www.terravestindustries.com

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include, : Home Heating and Cooling Products (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment) and Service. Majority of the revenue for the company is generated from its Compressed Gas Equipment segment which manufactures engineered products for the storage, distribution and dispensing of compressed gases including liquid propane gas, natural gas liquids, carbon dioxide and other gases. The company operates in Canada and United States.

TerraVest Industries (TSX:TVK) Headlines

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