Laser Photonics (Laser Photonics) Days Payable : 32.97 (As of Dec. 2023)

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What is Laser Photonics Days Payable?

Laser Photonics's average Accounts Payable for the three months ended in Dec. 2023 was $0.23 Mil. Laser Photonics's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.63 Mil. Hence, Laser Photonics's Days Payable for the three months ended in Dec. 2023 was 32.97.

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

LASE' s Days Payable Range Over the Past 10 Years
Min: 11.72 Med: 22.88 Max: 66.78
Current: 66.78

During the past 5 years, Laser Photonics's highest Days Payable was 66.78. The lowest was 11.72. And the median was 22.88.

LASE's Days Payable is ranked worse than
57.54% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs LASE: 66.78

Laser Photonics's Days Payable declined from Dec. 2022 (60.63) to Dec. 2023 (32.97). It may suggest that Laser Photonics accelerated paying its suppliers.

Laser Photonics Days Payable Historical Data

The historical data trend for Laser Photonics'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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Laser Photonics Days Payable Chart

Laser Photonics Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

11.72

14.97

30.79

50.62

Laser Photonics Quarterly Data
	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														60.63	115.67	115.19	72.26	32.97

Competitive Comparison of Laser Photonics's Days Payable

For the Specialty Industrial Machinery subindustry, Laser Photonics'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.

Laser Photonics's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Laser Photonics's Days Payable distribution charts can be found below:

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

Laser Photonics 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.

Laser Photonics'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
=	( (0.19	+	0.223)	/	2 )	/	1.489	*	365
=	0.2065					/	1.489	*	365
=	50.62

Laser Photonics'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
=	( (0.233	+	0.223)	/	2 )	/	0.631	*	365 / 4
=	0.228					/	0.631	*	365 / 4
=	32.97

Laser Photonics Days Payable Related Terms

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Laser Photonics (Laser Photonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Laser Photonics Corp (NAS:LASE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 N. Keller Road, Suite G, Orlando, FL, USA, 32810

Website

https://www.laserphotonics.com

Laser Photonics Corp is an integrated manufacturing company for photonics-based industrial products and solutions, primarily laser cleaning technologies. Its laser-blasting technologies are focused on disrupting the sandblasting and abrasives blasting markets. The company offers a portfolio of integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning, and surface conditioning. Its laser-blasting solutions are applicable in every industry dealing with materials processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, aerospace, heavy industry, machine manufacturing, nuclear maintenance and de-commissioning, and surface coating.

Executives

Dmitriy Nikitin	10 percent owner	400 RINEHART ROAD #1000, LAKE MARY FL 32746
Tatiana Nikitina	director, officer: Secretary, Marketing Director	3217 YATTIKA PLACE, LONGWOOD FL 32779
Arnold Bykov	director, officer: Chief Design Engineer	400 RINEHART ROAD #1000, LAKE MARY FL 32746
Wayne Tupuola	director, officer: Chief Executive Officer	C/O MABWE MINERALS INC, 400 RINEHART ROAD, #1000, LAKE MARY FL 32746
Ict Investments Llc	10 percent owner	3217 YUTTKA PLACE, LONGWOOD FL 32779
Tim Schick	officer: VP Finance	1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Ryan Tennyson	director	1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Glenn Peterson	director	1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Igor Vodopiyanov	officer: VP R&D and Product Development	1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Shara Pathak	director	1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810