Compass Diversified Holdings (Compass Diversified Holdings) Days Payable : 34.17 (As of Dec. 2023)

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What is Compass Diversified Holdings Days Payable?

Compass Diversified Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $97 Mil. Compass Diversified Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $259 Mil. Hence, Compass Diversified Holdings's Days Payable for the three months ended in Dec. 2023 was 34.17.

The historical rank and industry rank for Compass Diversified Holdings's Days Payable or its related term are showing as below:

CODI' s Days Payable Range Over the Past 10 Years
Min: 27.61 Med: 33.29 Max: 47.24
Current: 27.9

During the past 13 years, Compass Diversified Holdings's highest Days Payable was 47.24. The lowest was 27.61. And the median was 33.29.

CODI's Days Payable is ranked worse than
82.94% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs CODI: 27.90

Compass Diversified Holdings's Days Payable increased from Dec. 2022 (31.43) to Dec. 2023 (34.17). It may suggest that Compass Diversified Holdings delayed paying its suppliers.

Compass Diversified Holdings Days Payable Historical Data

The historical data trend for Compass Diversified Holdings'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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Compass Diversified Holdings Days Payable Chart

Compass Diversified Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.33

32.31

37.10

30.83

27.61

Compass Diversified Holdings 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															31.43	24.23	26.83	27.56	34.17

Competitive Comparison of Compass Diversified Holdings's Days Payable

For the Conglomerates subindustry, Compass Diversified Holdings'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.

Compass Diversified Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Compass Diversified Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Compass Diversified Holdings's Days Payable falls into.

Compass Diversified Holdings 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.

Compass Diversified Holdings'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
=	( (82.942	+	93.412)	/	2 )	/	1165.553	*	365
=	88.177					/	1165.553	*	365
=	27.61

Compass Diversified Holdings'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
=	( (100.226	+	93.412)	/	2 )	/	258.54	*	365 / 4
=	96.819					/	258.54	*	365 / 4
=	34.17

Compass Diversified Holdings Days Payable Related Terms

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Compass Diversified Holdings (Compass Diversified Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compass Diversified Holdings (NYSE:CODI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CODIpC.PFD:USA CODIpB.PFD:USA CODIpA.PFD:USA

Address

301 Riverside Avenue, Second Floor, Westport, CT, USA, 06880

Website

https://compassdiversified.com

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and niche industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. It includes Advanced Circuits, Arnold, Foam Fabricators, and Sterno. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.

Executives

Ryan J Faulkingham	other: See Remark (a)	SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880
Harold S Edwards	other: See Remark (a)	SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880
Teri Shaffer	other: See Remark (a)	301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880
Nancy Mahon	other: See Remark (a)	C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Alexander S. Bhathal	other: See Remark (a)	301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880
James Bottiglieri	other: See Remark (a)	2187 ATLANTIC ST, STAMFORD CT 06902
Larry L Enterline	other: See Remark (a)	2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Gordon M Burns	other: See Remark (a)	AZTAR CORPORATION, 2390 E. CAMELBACK RD., SUITE 400, PHOENIX AZ 85016
Compass Group Investments, Ltd.	10 percent owner	BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000
Patrick A Maciariello	other: See Remarks (a)	301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880
Elias Sabo	other: See Remarks (a)	2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Simon Heidi Locke	other: See Remark (a)	26 KENSETT LANE, DARIEN CT 06820
Sarah Gaines Mccoy	other: See Remark (a)	6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862
C Sean Day	other: See Remark (a)
D Eugene Ewing	other: See Remark (a)	SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880