Worksport (Worksport) Days Payable : 203.21 (As of Dec. 2023)

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What is Worksport Days Payable?

Worksport's average Accounts Payable for the three months ended in Dec. 2023 was $1.66 Mil. Worksport's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.75 Mil. Hence, Worksport's Days Payable for the three months ended in Dec. 2023 was 203.21.

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

WKSP' s Days Payable Range Over the Past 10 Years
Min: 85.6 Med: 449.17 Max: 10159.17
Current: 486.12

During the past 13 years, Worksport's highest Days Payable was 10159.17. The lowest was 85.60. And the median was 449.17.

WKSP's Days Payable is ranked better than
97.7% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs WKSP: 486.12

Worksport's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (203.21). It may suggest that Worksport delayed paying its suppliers.

Worksport Days Payable Historical Data

The historical data trend for Worksport'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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Worksport Days Payable Chart

Worksport Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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148.32

1,184.72

1,100.72

10,159.17

492.57

Worksport 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															-	9,239.06	960.81	381.37	203.21

Competitive Comparison of Worksport's Days Payable

For the Auto Parts subindustry, Worksport'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.

Worksport's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Worksport's Days Payable distribution charts can be found below:

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

Worksport 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.

Worksport'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
=	( (2.028	+	1.451)	/	2 )	/	1.289	*	365
=	1.7395					/	1.289	*	365
=	492.57

Worksport'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
=	( (1.876	+	1.451)	/	2 )	/	0.747	*	365 / 4
=	1.6635					/	0.747	*	365 / 4
=	203.21

Worksport Days Payable Related Terms

Thank you for viewing the detailed overview of Worksport's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Worksport (Worksport) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Worksport Ltd (NAS:WKSP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55G East Beaver Creek Road, Richmond Hill, ON, CAN, L4B 1E5

Website

https://www.worksport.com

Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

Executives

Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
William J Caragol	director	1690 SOUTH CONGRESS AVENUE, SUITE 200, DELRAY BEACH FL 33445
Craig William Loverock	director	48 UNION AVE, PORT PERRY A6 L9L 1G2
Michael D Johnston	officer: Chief Financial Officer	340 RICHMOND STREET WEST, TORONTO Z4 MSV 1X2
Lorenzo Rossi	director, officer: Treasurer	1895 CLEMENTS ROAD, SUITE 155, PICKERING A6 M1P 4Y9
Steven Raivio	director, officer: COO, Secretary	8820 JANE STREET, VAUGHAN A6 L4K 2M9
Steven F. Rossi	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 M1P 4Y9
Truxmart Ltd.	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 MIP 4Y9
Mathis Family Partners Ltd.	10 percent owner	2560 W. MAIN STREET, SUITE 200, LITTLETON CO 80120
Lazzeri Family Trust, Robert Lazzeri, Trustee	10 percent owner	5046 CHRISTENSEN DRIVE, LITTLETON CO 80123
Earnco M.p.p.p.	10 percent owner	2560 W MAIN ST, STE 200, LITTLETON CO 80120
Lazzeri Equity Partners 401k Plan	10 percent owner	2560 W MAIN STREET, SUITE 200, LITTLETON CO 80120
A. J. Boisdrenghien	director, 10 percent owner, officer: President	5910 SOUTH UNIVERSITY BOULEVARD, C-18, UNIT 165, LITTLETON CO 80121-2800