Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Days Payable : 10.83 (As of Dec. 2023)

View and export this data going back to 1979. Start your Free Trial

What is Chicago Rivet & Machine Co Days Payable?

Chicago Rivet & Machine Co's average Accounts Payable for the three months ended in Dec. 2023 was $0.90 Mil. Chicago Rivet & Machine Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.57 Mil. Hence, Chicago Rivet & Machine Co's Days Payable for the three months ended in Dec. 2023 was 10.83.

The historical rank and industry rank for Chicago Rivet & Machine Co's Days Payable or its related term are showing as below:

CVR' s Days Payable Range Over the Past 10 Years
Min: 7.69 Med: 9.52 Max: 12.16
Current: 12.16

During the past 13 years, Chicago Rivet & Machine Co's highest Days Payable was 12.16. The lowest was 7.69. And the median was 9.52.

CVR's Days Payable is ranked worse than
97.57% of 2925 companies
in the Industrial Products industry
Industry Median: 76.55 vs CVR: 12.16

Chicago Rivet & Machine Co's Days Payable increased from Dec. 2022 (9.74) to Dec. 2023 (10.83). It may suggest that Chicago Rivet & Machine Co delayed paying its suppliers.

Chicago Rivet & Machine Co Days Payable Historical Data

The historical data trend for Chicago Rivet & Machine Co'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.

Chicago Rivet & Machine Co Days Payable Chart

Chicago Rivet & Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

10.43

7.70

7.69

8.50

8.45

Chicago Rivet & Machine Co 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															9.74	12.82	15.54	12.94	10.83

Competitive Comparison of Chicago Rivet & Machine Co's Days Payable

For the Tools & Accessories subindustry, Chicago Rivet & Machine Co'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.

Chicago Rivet & Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chicago Rivet & Machine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chicago Rivet & Machine Co's Days Payable falls into.

Chicago Rivet & Machine Co 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.

Chicago Rivet & Machine Co'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
=	( (0.697	+	0.789)	/	2 )	/	32.108	*	365
=	0.743					/	32.108	*	365
=	8.45

Chicago Rivet & Machine Co'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
=	( (1.008	+	0.789)	/	2 )	/	7.57	*	365 / 4
=	0.8985					/	7.57	*	365 / 4
=	10.83

Chicago Rivet & Machine Co Days Payable Related Terms

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

Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chicago Rivet & Machine Co (AMEX:CVR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Frontenac Road, Naperville, IL, USA, 60563

Website

https://www.chicagorivet.com

Chicago Rivet & Machine Co is in the fastener industry in North America. The company operates in two segments namely fasteners and assembly equipment. Its fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners, parts, and screw machine products. The assembly equipment segment consists mainly of the manufacture of automatic rivet setting machines, automatic assembly equipment, and parts and tools for such machines. The majority of revenue is from the fastener segment. Geographically, the majority is from the United States.

Executives

Gregory D Rizzo	officer: Chief Executive Officer	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Morrissey Walter W Jr	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Patricia M Miller	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
James W Morrissey	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kurt Moders	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John C Osterman	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John L Showel	director	440 S. LASALLE STREET, SUITE 2118, CHICAGO IL 60605
Michael J Bourg	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kent H Cooney	director	11203 COUNTRY CLUB ROAD, WOODSTOCK IL 60098
Labold Jack J Jr	other: Sales Manager	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Divane William T Jr	director	2424 NORTH 25TH AVENUE, FRANKLIN PARK IL 60131
George P Lynch	director	3030 WARRENVILLE ROAD, SUITE 215, LISLE IL 60532