FRX Innovations (TSXV:FRXI) Days Payable : 280.51 (As of Sep. 2023)

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What is FRX Innovations Days Payable?

FRX Innovations's average Accounts Payable for the three months ended in Sep. 2023 was C$4.17 Mil. FRX Innovations's Cost of Goods Sold for the three months ended in Sep. 2023 was C$1.36 Mil. Hence, FRX Innovations's Days Payable for the three months ended in Sep. 2023 was 280.51.

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

TSXV:FRXI' s Days Payable Range Over the Past 10 Years
Min: 62.32 Med: 81.06 Max: 1301.59
Current: 1301.59

During the past 5 years, FRX Innovations's highest Days Payable was 1301.59. The lowest was 62.32. And the median was 81.06.

TSXV:FRXI's Days Payable is ranked better than
99.2% of 1505 companies
in the Chemicals industry
Industry Median: 60.63 vs TSXV:FRXI: 1301.59

FRX Innovations's Days Payable increased from Sep. 2022 (181.72) to Sep. 2023 (280.51). It may suggest that FRX Innovations delayed paying its suppliers.

FRX Innovations Days Payable Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations Days Payable Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

72.17

62.32

89.95

300.26

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial									181.72	-	564.49	244.07	280.51

Competitive Comparison of FRX Innovations's Days Payable

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FRX Innovations's Days Payable distribution charts can be found below:

* The bar in red indicates where FRX Innovations's Days Payable falls into.

FRX Innovations 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.

FRX Innovations's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.527	+	4.546)	/	2 )	/	4.299	*	365
=	3.5365					/	4.299	*	365
=	300.26

FRX Innovations's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.918	+	4.419)	/	2 )	/	1.356	*	365 / 4
=	4.1685					/	1.356	*	365 / 4
=	280.51

FRX Innovations Days Payable Related Terms

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

FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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