ToughBuilt Industries (ToughBuilt Industries) Days Payable : 226.30 (As of Sep. 2023)

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What is ToughBuilt Industries Days Payable?

ToughBuilt Industries's average Accounts Payable for the three months ended in Sep. 2023 was $38.98 Mil. ToughBuilt Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $15.72 Mil. Hence, ToughBuilt Industries's Days Payable for the three months ended in Sep. 2023 was 226.30.

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

TBLT' s Days Payable Range Over the Past 10 Years
Min: 18.1 Med: 65.19 Max: 190
Current: 190

During the past 7 years, ToughBuilt Industries's highest Days Payable was 190.00. The lowest was 18.10. And the median was 65.19.

TBLT's Days Payable is ranked better than
85.17% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs TBLT: 190.00

ToughBuilt Industries's Days Payable increased from Sep. 2022 (123.62) to Sep. 2023 (226.30). It may suggest that ToughBuilt Industries delayed paying its suppliers.

ToughBuilt Industries Days Payable Historical Data

The historical data trend for ToughBuilt Industries'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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ToughBuilt Industries Days Payable Chart

ToughBuilt Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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66.45

58.02

65.19

76.70

114.94

ToughBuilt Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															123.62	130.43	177.08	251.37	226.30

Competitive Comparison of ToughBuilt Industries's Days Payable

For the Tools & Accessories subindustry, ToughBuilt Industries'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.

ToughBuilt Industries's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where ToughBuilt Industries's Days Payable falls into.

ToughBuilt Industries 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.

ToughBuilt Industries's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (14.441	+	29.671)	/	2 )	/	70.043	*	365
=	22.056					/	70.043	*	365
=	114.94

ToughBuilt Industries's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (36.864	+	41.091)	/	2 )	/	15.717	*	365 / 4
=	38.9775					/	15.717	*	365 / 4
=	226.30

ToughBuilt Industries Days Payable Related Terms

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ToughBuilt Industries (ToughBuilt Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ToughBuilt Industries Inc (NAS:TBLT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

36Q0:Germany

Address

8669 Research Drive, Irvine, CA, USA, 92618

Website

https://www.toughbuilt.com

ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.

Executives

Michael Panosian	director, 10 percent owner, officer: CEO	25371 COMMERCENTER DRIVE. SUITE 200, LAKE FOREST CA 92630
William Placke	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630
Martin Galstyan	officer: Chief Financial Officer	6339 HARMAN DRIVE, TUJUNGA CA 91042
Linda M. Moossaian	director	3769 EL LADO DRIVE, GLENDALE CA 91208
Joshua Keeler	director	655 NORTH CENTRAL AVE, 1727, GLENDALE CA 91203
Titan Advisors, Llc	10 percent owner	750 WASHINGTON BLVD., FLOOR 10, STAMFORD CT 06901
Hspl Holdings, Llc	10 percent owner	750 WASHINGTON BLVD., 10TH FLOOR, STAMFORD CT 06901
Frederick D. Furry	director	18372 OXBORO LANE, HUNTINGTON BEACH CA 92648
Paul M. Galvin	director	C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Manu Ohri	director, officer: CFO	2355 MAIN STREET, SUITE 120, IRVINE CA 92614
Robert K Faught	director	70 PLANTATION DR #189, HILTON HEAD SC 29928
John R Keeler	director, officer: Chief Design Officer	3000 NW 109TH AVE, MIAMI FL 33172
Zareh Khachatoorian	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630