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Sacks Parente Golf (Sacks Parente Golf) Days Payable : 255.06 (As of Mar. 2024)


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What is Sacks Parente Golf Days Payable?

Sacks Parente Golf's average Accounts Payable for the three months ended in Mar. 2024 was $0.40 Mil. Sacks Parente Golf's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.14 Mil. Hence, Sacks Parente Golf's Days Payable for the three months ended in Mar. 2024 was 255.06.

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

SPGC' s Days Payable Range Over the Past 10 Years
Min: 84.96   Med: 288.12   Max: 406.33
Current: 406.33

During the past 4 years, Sacks Parente Golf's highest Days Payable was 406.33. The lowest was 84.96. And the median was 288.12.

SPGC's Days Payable is ranked better than
90.32% of 754 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs SPGC: 406.33

Sacks Parente Golf's Days Payable declined from Mar. 2023 (381.86) to Mar. 2024 (255.06). It may suggest that Sacks Parente Golf accelerated paying its suppliers.

Sacks Parente Golf Days Payable Historical Data

The historical data trend for Sacks Parente Golf'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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Sacks Parente Golf Days Payable Chart

Sacks Parente Golf Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
400.61 84.96 175.86 400.37

Sacks Parente Golf Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 381.86 896.82 583.35 380.70 255.06

Competitive Comparison of Sacks Parente Golf's Days Payable

For the Leisure subindustry, Sacks Parente Golf'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.

Sacks Parente Golf's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sacks Parente Golf's Days Payable distribution charts can be found below:

* The bar in red indicates where Sacks Parente Golf's Days Payable falls into.


Sacks Parente Golf 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.

Sacks Parente Golf'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
=( (0.097 + 0.401) / 2 ) / 0.227*365
=0.249 / 0.227*365
=400.37

Sacks Parente Golf's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0.401 + 0.404) / 2 ) / 0.144*365 / 4
=0.4025 / 0.144*365 / 4
=255.06

* 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.

Sacks Parente Golf Days Payable Related Terms

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

Sacks Parente Golf (Sacks Parente Golf) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sacks Parente Golf Inc (NAS:SPGC) » Definitions » Days Payable
Comparable Companies
DOGZ KENS SRM BWMG DSHK BTDG CNXA ALTD PRKA FGH TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW
Traded in Other Exchanges
N/A
Address
551 Calle San Pablo, Camarillo, CA, USA, 93012
Website
https://www.sacksparente.com
Sacks Parente Golf Inc is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. It designs, manufactures, and sells technology-forward, golf equipment, which is comprised of putting instruments, golf shafts, golf grips, and related product groups. It designs its golf products to fit golfers of all skill levels, amateur and professional.
Executives
Brett Widney Hoge director 121 GRASSLANDS CT, ADVANCE NC 27006
Steve Handy officer: Chief Financial Officer 8228 SUNSET BLVD., LOS ANGELES CA 90046
Timothy Triplett director, officer: Chief Executive Officer
Michael Robert Ferris officer: See remarks 2 CAPTAIN ROAD, WILBRAHAM MA 01095
Akinobu Yorihiro director, officer: Chief Technology Officer 155 GILES ROAD, LAKE SHERWOOD CA 91361
Gregor Alasdair Campbell director 5460 LIVERPOOL CT, OAK PARK CA 91377
Dorothy Lynn Pepper director P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866
Angelo Gregory Papadourakis officer: EVP Sales & Distribution 8468 CHICORY COURT, DARIEN IL 60561
Nippon Xport Ventures, Inc. 10 percent owner 155 GILES ROAD,, LAKE SHERWOOD CA 91361