VCIGF (Vitreous Glass) Days Payable : 37.86 (As of Sep. 2024)

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What is Vitreous Glass Days Payable?

Vitreous Glass's average Accounts Payable for the three months ended in Sep. 2024 was $0.36 Mil. Vitreous Glass's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.86 Mil. Hence, Vitreous Glass's Days Payable for the three months ended in Sep. 2024 was 37.86.

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

VCIGF' s Days Payable Range Over the Past 10 Years
Min: 20 Med: 24.73 Max: 36.65
Current: 36.65

During the past 13 years, Vitreous Glass's highest Days Payable was 36.65. The lowest was 20.00. And the median was 24.73.

VCIGF's Days Payable is ranked worse than
67.67% of 232 companies
in the Waste Management industry
Industry Median: 72.015 vs VCIGF: 36.65

Vitreous Glass's Days Payable increased from Sep. 2023 (37.81) to Sep. 2024 (37.86). It may suggest that Vitreous Glass delayed paying its suppliers.

Vitreous Glass Days Payable Historical Data

The historical data trend for Vitreous Glass'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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Vitreous Glass Days Payable Chart

Vitreous Glass Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

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25.36

19.49

24.61

27.01

25.37

Vitreous Glass 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															37.81	33.27	40.77	46.11	37.86

Competitive Comparison of Vitreous Glass's Days Payable

For the Waste Management subindustry, Vitreous Glass'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.

Vitreous Glass's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Days Payable distribution charts can be found below:

* The bar in red indicates where Vitreous Glass's Days Payable falls into.

Vitreous Glass 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.

Vitreous Glass's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (0.242	+	0.24)	/	2 )	/	3.467	*	365
=	0.241					/	3.467	*	365
=	25.37

Vitreous Glass'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
=	( (0.477	+	0.24)	/	2 )	/	0.864	*	365 / 4
=	0.3585					/	0.864	*	365 / 4
=	37.86

Vitreous Glass Days Payable Related Terms

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Vitreous Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (OTCPK:VCIGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VCI:Canada

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

Vitreous Glass Headlines

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