Utz Brands (Utz Brands) Days Payable

: 50.16 (As of Dec. 2023)

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Utz Brands's average Accounts Payable for the three months ended in Dec. 2023 was $130 Mil. Utz Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $237 Mil. Hence, Utz Brands's Days Payable for the three months ended in Dec. 2023 was 50.16.

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

UTZ' s Days Payable Range Over the Past 10 Years
Min: 0.08 Med: 34.96 Max: 45.01
Current: 45.01

During the past 6 years, Utz Brands's highest Days Payable was 45.01. The lowest was 0.08. And the median was 34.96.

UTZ's Days Payable is ranked worse than
51.31% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs UTZ: 45.01

Utz Brands's Days Payable increased from Dec. 2022 (41.20) to Dec. 2023 (50.16). It may suggest that Utz Brands delayed paying its suppliers.

Utz Brands Days Payable Historical Data

The historical data trend for Utz Brands'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.

* Premium members only.

Utz Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

17.43

34.96

39.90

44.38

Utz Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																41.20	41.64	42.86	46.16	50.16

Competitive Comparison

For the Packaged Foods subindustry, Utz Brands'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.

Utz Brands Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Utz Brands's Days Payable distribution charts can be found below:

* The bar in red indicates where Utz Brands's Days Payable falls into.

Utz Brands 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.

Utz Brands'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
=	( (114.36	+	124.361)	/	2 )	/	981.751	*	365
=	119.3605					/	981.751	*	365
=	44.38

Utz Brands'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
=	( (135.931	+	124.361)	/	2 )	/	236.771	*	365 / 4
=	130.146					/	236.771	*	365 / 4
=	50.16

Utz Brands Days Payable Related Terms

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Utz Brands (Utz Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Utz Brands Inc (NYSE:UTZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 High Street, Hanover, PA, USA, 17331

Website

https://www.utzsnacks.com

Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.

Executives

Theresa Robbins Shea	officer: EVP and General Counsel	900 HIGH STREET, HANOVER PA 17331
Jennifer Bentz	officer: EVP, Insights, Innov & Mktg	900 HIGH STREET, HANOVER PA 17331
Dylan Lissette	director, officer: Chief Executive Officer	860 WESTMINSTER AVENUE, HANOVER PA 17331
Roger K Deromedi	director, 10 percent owner, officer: Chairman	900 HIGH STREET, HANOVER PA 17331
Chinh Chu	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Cc Collier Holdings, Llc	10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Howard A Friedman	director, officer: CEO	900 HIGH STREET, HANOVER PA 17331
Chad Whyte	officer: EVP, Supply Chain	900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart	director	900 HIGH STREET, HANOVER PA 17331
Shannan Redcay	officer: EVP, Manufacturing	900 HIGH STREET, HANOVER PA 17331
Cary Devore	officer: EVP & CFO	900 HIGH STREET, HANOVER PA 17331
Shane Chambers	officer: EVP & Chief Growth Officer	900 HIGH STREET, HANOVER PA 17331
John W Altmeyer	director	946 HIGHMEADOW COURT, LANCASTER PA 17601
Antonio F. Fernandez	director	C/O PINNACLE FOODS INC., 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Ajay Kataria	officer: EVP, Finance & Accounting	900 HIGH STREET, HANOVER PA 17331