TWIRF (Tree Island Steel) Days Payable : 29.46 (As of Sep. 2024)

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What is Tree Island Steel Days Payable?

Tree Island Steel's average Accounts Payable for the three months ended in Sep. 2024 was $12.6 Mil. Tree Island Steel's Cost of Goods Sold for the three months ended in Sep. 2024 was $39.1 Mil. Hence, Tree Island Steel's Days Payable for the three months ended in Sep. 2024 was 29.46.

The historical rank and industry rank for Tree Island Steel's Days Payable or its related term are showing as below:

TWIRF' s Days Payable Range Over the Past 10 Years
Min: 26.07 Med: 31.66 Max: 40.39
Current: 27.8

During the past 13 years, Tree Island Steel's highest Days Payable was 40.39. The lowest was 26.07. And the median was 31.66.

TWIRF's Days Payable is ranked worse than
66.5% of 603 companies
in the Steel industry
Industry Median: 40.36 vs TWIRF: 27.80

Tree Island Steel's Days Payable increased from Sep. 2023 (27.60) to Sep. 2024 (29.46). It may suggest that Tree Island Steel delayed paying its suppliers.

Tree Island Steel Days Payable Historical Data

The historical data trend for Tree Island Steel'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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Tree Island Steel Days Payable Chart

Tree Island Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.95

34.25

35.24

28.47

25.90

Tree Island Steel Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															27.60	28.58	25.17	28.06	29.46

Competitive Comparison of Tree Island Steel's Days Payable

For the Steel subindustry, Tree Island Steel'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.

Tree Island Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tree Island Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Tree Island Steel's Days Payable falls into.

Tree Island Steel 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.

Tree Island Steel'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
=	( (12.472	+	11.24)	/	2 )	/	167.096	*	365
=	11.856					/	167.096	*	365
=	25.90

Tree Island Steel's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (12.341	+	12.874)	/	2 )	/	39.05	*	365 / 4
=	12.6075					/	39.05	*	365 / 4
=	29.46

Tree Island Steel Days Payable Related Terms

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Tree Island Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tree Island Steel Ltd (OTCPK:TWIRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TSL:Canada

Address

3933 Boundary Road, Richmond, BC, CAN, V6V 1T8

Website

https://www.treeisland.com

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.

Tree Island Steel Headlines

From GuruFocus

Tree Island Steel Announces Full Year 2023 Results

By GlobeNewswire • 03-14-2024

Tree Island Announces Meeting Results for Election of Directors

By GlobeNewswire GlobeNewswire • 05-06-2023

Q1 2019 Tree Island Steel Ltd Earnings Call Transcript

By GuruFocus Research • 02-15-2024

The Futura Corporation and Arbutus Distributors Ltd. withdraw their non-binding unsolicited proposal for Tree Island's shares

By GlobeNewswire GlobeNewswire • 08-31-2019

Q4 2018 Tree Island Steel Ltd Earnings Call Transcript

By GuruFocus Research • 02-15-2024

Tree Island Steel Announces First Quarter 2024 Results

By GlobeNewswire • 05-02-2024

Q2 2019 Tree Island Steel Ltd Earnings Call Transcript

By GuruFocus Research • 02-15-2024

Tree Island Announces Meeting Results for Election of Directors

By GlobeNewswire GlobeNewswire • 05-08-2020