Exco Technologies (TSX:XTC) Days Payable : 36.53 (As of Dec. 2023)

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What is Exco Technologies Days Payable?

Exco Technologies's average Accounts Payable for the three months ended in Dec. 2023 was C$49.6 Mil. Exco Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$123.9 Mil. Hence, Exco Technologies's Days Payable for the three months ended in Dec. 2023 was 36.53.

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

TSX:XTC' s Days Payable Range Over the Past 10 Years
Min: 34.57 Med: 39.92 Max: 45.53
Current: 36.68

During the past 13 years, Exco Technologies's highest Days Payable was 45.53. The lowest was 34.57. And the median was 39.92.

TSX:XTC's Days Payable is ranked worse than
79.41% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs TSX:XTC: 36.68

Exco Technologies's Days Payable declined from Dec. 2022 (42.03) to Dec. 2023 (36.53). It may suggest that Exco Technologies accelerated paying its suppliers.

Exco Technologies Days Payable Historical Data

The historical data trend for Exco Technologies'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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Exco Technologies Days Payable Chart

Exco Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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41.54

43.44

34.57

39.58

39.36

Exco Technologies 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															42.03	37.76	35.76	38.74	36.53

Competitive Comparison of Exco Technologies's Days Payable

For the Auto Parts subindustry, Exco Technologies'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.

Exco Technologies's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Exco Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Exco Technologies's Days Payable falls into.

Exco Technologies 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.

Exco Technologies'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
=	( (51.359	+	54.043)	/	2 )	/	488.709	*	365
=	52.701					/	488.709	*	365
=	39.36

Exco Technologies'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
=	( (54.043	+	45.134)	/	2 )	/	123.878	*	365 / 4
=	49.5885					/	123.878	*	365 / 4
=	36.53

Exco Technologies Days Payable Related Terms

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Exco Technologies (TSX:XTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Exco Technologies Ltd (TSX:XTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EXCOF:USA 3XT:Germany

Address

130 Spy Court, 2nd Floor, Markham, ON, CAN, L3R 5H6

Website

https://www.excocorp.com

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, the Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers. Geographically, it derives a majority of its revenue from the United States and also has its presence in Canada, Europe, Asia and other regions.

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