Latham Group (Latham Group) Days Payable : 29.16 (As of Dec. 2023)

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What is Latham Group Days Payable?

Latham Group's average Accounts Payable for the three months ended in Dec. 2023 was $22.3 Mil. Latham Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $69.7 Mil. Hence, Latham Group's Days Payable for the three months ended in Dec. 2023 was 29.16.

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

SWIM' s Days Payable Range Over the Past 10 Years
Min: 18.95 Med: 24.62 Max: 28.37
Current: 27.25

During the past 5 years, Latham Group's highest Days Payable was 28.37. The lowest was 18.95. And the median was 24.62.

SWIM's Days Payable is ranked worse than
91.13% of 1601 companies
in the Construction industry
Industry Median: 73.84 vs SWIM: 27.25

Latham Group's Days Payable declined from Dec. 2022 (34.98) to Dec. 2023 (29.16). It may suggest that Latham Group accelerated paying its suppliers.

Latham Group Days Payable Historical Data

The historical data trend for Latham Group'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.

Latham Group Days Payable Chart

Latham Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

20.08

27.67

28.37

24.62

18.95

Latham Group Quarterly Data
	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												34.98	32.80	30.21	25.20	29.16

Competitive Comparison of Latham Group's Days Payable

For the Building Products & Equipment subindustry, Latham Group'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.

Latham Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Latham Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Latham Group's Days Payable falls into.

Latham Group 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.

Latham Group'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
=	( (25.807	+	17.132)	/	2 )	/	413.548	*	365
=	21.4695					/	413.548	*	365
=	18.95

Latham Group'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
=	( (27.398	+	17.132)	/	2 )	/	69.671	*	365 / 4
=	22.265					/	69.671	*	365 / 4
=	29.16

Latham Group Days Payable Related Terms

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Latham Group (Latham Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Latham Group Inc (NAS:SWIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

787 Watervliet Shaker Road, Latham, NY, USA, 12110

Website

https://www.lathampool.com

Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.

Executives

Oliver C. Gloe	officer: VICE PRESIDENT, FINANCE	C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski	director, officer: Chief Executive Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck	officer: Chief Human Resources Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller	officer: General Counsel & Secretary	343 STATE STREET, ROCHESTER NY 14650
J Mark Borseth	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Joshua D. Cowley	officer: Chief Commercial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Suraj Kunchala	officer: Vice President & Controller	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Brian Patrick Pratt	director	112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson	director	650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Sanjeev Bahl	officer: COO Latham Pool Products, Inc.	C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Mark Phillip Laven	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Jeff Arnold Leake	officer: Chief Operating Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110