Drone Delivery Canada (TSXV:FLT) Days Payable : 170.18 (As of Dec. 2023)

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What is Drone Delivery Canada Days Payable?

Drone Delivery Canada's average Accounts Payable for the three months ended in Dec. 2023 was C$0.70 Mil. Drone Delivery Canada's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.37 Mil. Hence, Drone Delivery Canada's Days Payable for the three months ended in Dec. 2023 was 170.18.

The historical rank and industry rank for Drone Delivery Canada's Days Payable or its related term are showing as below:

TSXV:FLT' s Days Payable Range Over the Past 10 Years
Min: 394.34 Med: 1462.1 Max: 1865.56
Current: 394.34

During the past 13 years, Drone Delivery Canada's highest Days Payable was 1865.56. The lowest was 394.34. And the median was 1462.10.

TSXV:FLT's Days Payable is ranked better than
97.19% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs TSXV:FLT: 394.34

Drone Delivery Canada's Days Payable declined from Dec. 2022 (1,686.76) to Dec. 2023 (170.18). It may suggest that Drone Delivery Canada accelerated paying its suppliers.

Drone Delivery Canada Days Payable Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada Days Payable Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,462.10

1,865.56

407.51

Drone Delivery Canada 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															1,686.76	512.58	587.84	1,464.15	170.18

Competitive Comparison of Drone Delivery Canada's Days Payable

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's Days Payable distribution charts can be found below:

* The bar in red indicates where Drone Delivery Canada's Days Payable falls into.

Drone Delivery Canada 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.

Drone Delivery Canada'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
=	( (0.91	+	0.595)	/	2 )	/	0.674	*	365
=	0.7525					/	0.674	*	365
=	407.51

Drone Delivery Canada'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
=	( (0.8	+	0.595)	/	2 )	/	0.374	*	365 / 4
=	0.6975					/	0.374	*	365 / 4
=	170.18

Drone Delivery Canada Days Payable Related Terms

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Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » Days Payable

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Traded in Other Exchanges

TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

Drone Delivery Canada (TSXV:FLT) Headlines

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