Focus Universal (Focus Universal) Days Payable : 82.06 (As of Dec. 2023)

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What is Focus Universal Days Payable?

Focus Universal's average Accounts Payable for the three months ended in Dec. 2023 was $0.38 Mil. Focus Universal's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.43 Mil. Hence, Focus Universal's Days Payable for the three months ended in Dec. 2023 was 82.06.

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

FCUV' s Days Payable Range Over the Past 10 Years
Min: 49.09 Med: 174.35 Max: 949
Current: 118.57

During the past 11 years, Focus Universal's highest Days Payable was 949.00. The lowest was 49.09. And the median was 174.35.

FCUV's Days Payable is ranked better than
77.32% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs FCUV: 118.57

Focus Universal's Days Payable declined from Dec. 2022 (226.57) to Dec. 2023 (82.06). It may suggest that Focus Universal accelerated paying its suppliers.

Focus Universal Days Payable Historical Data

The historical data trend for Focus Universal'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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Focus Universal Days Payable Chart

Focus Universal Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.09

53.38

81.70

309.31

143.07

Focus Universal 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															226.57	121.75	159.23	133.92	82.06

Competitive Comparison of Focus Universal's Days Payable

For the Scientific & Technical Instruments subindustry, Focus Universal'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.

Focus Universal's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Focus Universal's Days Payable distribution charts can be found below:

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

Focus Universal 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.

Focus Universal'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
=	( (0.268	+	0.483)	/	2 )	/	0.958	*	365
=	0.3755					/	0.958	*	365
=	143.07

Focus Universal'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
=	( (0.285	+	0.483)	/	2 )	/	0.427	*	365 / 4
=	0.384					/	0.427	*	365 / 4
=	82.06

Focus Universal Days Payable Related Terms

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Focus Universal (Focus Universal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Focus Universal Inc (NAS:FCUV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2311 East Locust Court, Ontario, CA, USA, 91761

Website

https://www.focusuniversal.com

Focus Universal Inc develops and manufactures universal smart device. Its products portfolio include Universal Smart Instrumentation Platform, Ubiquitor, Universal Smart Controller, and Sensors. The company also supplies various air filtration systems. The Company consists of three types of operations- Focus and Focus Shenzhen (Corporate), Perfecular and Lusher (IoT Products), AVX (IoT Installation Services). Majority of revenue is generated from IoT Installation Services. IoT Installation Services segment is an IoT installation and management company specializing in high performance and easy to use audio/video, home theater, lighting control, automation, and integration.

Executives

Sheri Lofgren	director	C/O LOGICAL CHOICE CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Michael Ross Pope	director	1045 PROGRESS CIRCLE, LAWRENCEVILLE, GEORGIA GA 30043
Gregory S Butterfield	director	3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Carine S. Clark	director	772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Duncan Lee	officer: Chief Financial Officer	20511 EAST WALNUT DRIVE NORTH, WALNUT CA 91789
Jennifer Lingjie Gu	director, 10 percent owner	2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Edward Shihai Lee	director, 10 percent owner, officer: President	2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Desheng Wang	director, 10 percent owner, officer: CEO and Secretary	140 SOUTH ROOSEVELT AVENUE, PASADENA CA 91107