Socket Mobile (Socket Mobile) Days Payable : 63.11 (As of Dec. 2023)

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What is Socket Mobile Days Payable?

Socket Mobile's average Accounts Payable for the three months ended in Dec. 2023 was $1.44 Mil. Socket Mobile's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.08 Mil. Hence, Socket Mobile's Days Payable for the three months ended in Dec. 2023 was 63.11.

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

SCKT' s Days Payable Range Over the Past 10 Years
Min: 49.66 Med: 68.26 Max: 124.05
Current: 70.96

During the past 13 years, Socket Mobile's highest Days Payable was 124.05. The lowest was 49.66. And the median was 68.26.

SCKT's Days Payable is ranked better than
52.27% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs SCKT: 70.96

Socket Mobile's Days Payable increased from Dec. 2022 (58.83) to Dec. 2023 (63.11). It may suggest that Socket Mobile delayed paying its suppliers.

Socket Mobile Days Payable Historical Data

The historical data trend for Socket Mobile'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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Socket Mobile Days Payable Chart

Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.15

85.69

60.06

64.36

69.63

Socket Mobile Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															78.34	74.39	79.26	63.11	59.22

Competitive Comparison of Socket Mobile's Days Payable

For the Computer Hardware subindustry, Socket Mobile'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.

Socket Mobile's Days Payable Distribution in the Hardware Industry

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

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

Socket Mobile 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.

Socket Mobile'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
=	( (1.665	+	1.605)	/	2 )	/	8.571	*	365
=	1.635					/	8.571	*	365
=	69.63

Socket Mobile'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
=	( (1.268	+	1.605)	/	2 )	/	2.077	*	365 / 4
=	1.4365					/	2.077	*	365 / 4
=	63.11

Socket Mobile Days Payable Related Terms

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

Socket Mobile (Socket Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (NAS:SCKT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SNB1:Germany

Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.

Executives

Kevin J Mills	director, officer: President and CEO	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Charlie Bass	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Giacomo Marini	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Laura Weinstein	director	40675 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Leonard L Ott	officer: Chief Technical Officer	37400 CENTRAL COURT, NEWARK CA 94560
David A. Holmes	officer: Chief Business Officer	39700 EUREKA DRIVE, NEWARK CA 94560
Lynn Zhao	officer: Vice President and Controller	39700 EUREKA DRIVE, NEWARK CA 94560
David W Dunlap	officer: CFO	37400 CENTRAL COURT, NEWARK CA 94560
Ivan Lazarev	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Parnell William L. Jr	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Nelson C Chan	director	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Brenton Earl Macdonald	director	39700 EUREKA DRIVE, NEWARK CA 94560
James Lopez	officer: VP Marketing & Business Dev.	39700 EUREKA DRIVE, NEWARK CA 94560
Erik L. Fidel	director	39700 EUREKA DRIVE, NEWARK CA 94560
Kevin R Jost	director	10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042