Wrap Technologies (Wrap Technologies) Days Payable : 109.01 (As of Sep. 2023)

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What is Wrap Technologies Days Payable?

Wrap Technologies's average Accounts Payable for the three months ended in Sep. 2023 was $1.74 Mil. Wrap Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was $1.45 Mil. Hence, Wrap Technologies's Days Payable for the three months ended in Sep. 2023 was 109.01.

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

WRAP' s Days Payable Range Over the Past 10 Years
Min: 95.83 Med: 135.26 Max: 2727.36
Current: 124.44

During the past 7 years, Wrap Technologies's highest Days Payable was 2727.36. The lowest was 95.83. And the median was 135.26.

WRAP's Days Payable is ranked better than
79.03% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs WRAP: 124.44

Wrap Technologies's Days Payable declined from Sep. 2022 (133.24) to Sep. 2023 (109.01). It may suggest that Wrap Technologies accelerated paying its suppliers.

Wrap Technologies Days Payable Historical Data

The historical data trend for Wrap Technologies'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.

* Premium members only.

Wrap Technologies Days Payable Chart

Wrap Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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2,727.36

278.10

115.00

95.83

135.26

Wrap Technologies 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															133.24	57.22	355.21	282.29	109.01

Competitive Comparison of Wrap Technologies's Days Payable

For the Scientific & Technical Instruments subindustry, Wrap Technologies'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.

Wrap Technologies's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Wrap Technologies's Days Payable falls into.

Wrap Technologies 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.

Wrap Technologies'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
=	( (1.779	+	1.419)	/	2 )	/	4.315	*	365
=	1.599					/	4.315	*	365
=	135.26

Wrap Technologies'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
=	( (1.928	+	1.546)	/	2 )	/	1.454	*	365 / 4
=	1.737					/	1.454	*	365 / 4
=	109.01

Wrap Technologies Days Payable Related Terms

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

Wrap Technologies (Wrap Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wrap Technologies Inc (NAS:WRAP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1817 West 4th Street, Tempe, AZ, USA, 85281

Website

https://www.wrap.com

Wrap Technologies Inc offers public safety technologies and services. The firm develops policing solutions to law enforcement and security personnel. Its BolaWRAP 150 Remote Restraint device is a patented, hand-held tool that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. The group operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Executives

Timothy Szymanski	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Rajiv Srinivasan	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Kevin W Mullins	officer: PRESIDENT	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Christopher James Dealmeida	officer: Chief Financial Officer	1817 W 4TH STREET, TEMPE AZ 85281
Elwood G Norris	10 percent owner	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Bruce Bernstein	director	780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017
Marc Savas	director	8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046
Tj Kennedy	director	400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415
Scot Cohen	director, officer: Executive Chairman, Secretary	20 EAST 20TH ST., APT. 6, NEW YORK NY 10003
Kevin Charles Sherman	director	1730 BLAKE ST STE 305, DENVER CO 80202
Glenn M Hickman	officer: CHIEF OPERATING OFFICER	C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281
Varner Leo William Jr.	officer: INTERIM CEO	400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339
James A Barnes	director, officer: President and CFO	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Thomas P Smith	officer: PRESIDENT	7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
David G Norris	director, officer: President	C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277