G6 Materials (TSXV:GGG) Days Payable : 244.96 (As of Feb. 2024)

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What is G6 Materials Days Payable?

G6 Materials's average Accounts Payable for the three months ended in Feb. 2024 was C$0.45 Mil. G6 Materials's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.17 Mil. Hence, G6 Materials's Days Payable for the three months ended in Feb. 2024 was 244.96.

The historical rank and industry rank for G6 Materials's Days Payable or its related term are showing as below:

TSXV:GGG' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 92.79
Current: 92.79

During the past 13 years, G6 Materials's highest Days Payable was 92.79. The lowest was 0.00. And the median was 0.00.

TSXV:GGG's Days Payable is ranked better than
72.79% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs TSXV:GGG: 92.79

G6 Materials's Days Payable increased from Feb. 2023 (0.00) to Feb. 2024 (244.96). It may suggest that G6 Materials delayed paying its suppliers.

G6 Materials Days Payable Historical Data

The historical data trend for G6 Materials'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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G6 Materials Days Payable Chart

G6 Materials Annual Data

Trend

Jul14

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May23

Days Payable

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G6 Materials Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															-	-	-	97.99	244.96

Competitive Comparison of G6 Materials's Days Payable

For the Specialty Chemicals subindustry, G6 Materials'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.

G6 Materials's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, G6 Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where G6 Materials's Days Payable falls into.

G6 Materials 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.

G6 Materials's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.83	*	365
=	0					/	1.83	*	365
=	0.00

G6 Materials's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.451	+	0)	/	1 )	/	0.168	*	365 / 4
=	0.451					/	0.168	*	365 / 4
=	244.96

G6 Materials Days Payable Related Terms

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G6 Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G6 Materials Corp (TSXV:GGG) » Definitions » Days Payable

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GPHBF:USA G310:Germany

Address

760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website

https://www.g6-materials.com

G6 Materials Corp is engaged in the development, manufacture, and sale of proprietary composites and coatings based on graphene and other advanced materials. The company's products include high-performance resins, composites, R&D materials, fine organic chemicals, and conductive adhesives.

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