LGL Group (LGL Group) Days Payable

: 69.91 (As of Dec. 2023)

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LGL Group's average Accounts Payable for the three months ended in Dec. 2023 was $0.15 Mil. LGL Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.20 Mil. Hence, LGL Group's Days Payable for the three months ended in Dec. 2023 was 69.91.

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

LGL' s Days Payable Range Over the Past 10 Years
Min: 28.01 Med: 36.5 Max: 333.68
Current: 95.1

During the past 13 years, LGL Group's highest Days Payable was 333.68. The lowest was 28.01. And the median was 36.50.

LGL's Days Payable is ranked better than
67.85% of 2420 companies
in the Hardware industry
Industry Median: 67.955 vs LGL: 95.10

LGL Group's Days Payable declined from Dec. 2022 (924.67) to Dec. 2023 (69.91). It may suggest that LGL Group accelerated paying its suppliers.

LGL Group Days Payable Historical Data

The historical data trend for LGL Group'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.

LGL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.91

28.01

333.68

80.68

92.40

LGL Group Quarterly Data
	Mar19	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															924.67	159.45	91.91	63.88	69.91

Competitive Comparison

For the Electronic Components subindustry, LGL Group'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.

LGL Group Days Payable Distribution

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

* The bar in red indicates where LGL Group's Days Payable falls into.

LGL Group 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.

LGL Group'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
=	( (0.31	+	0.093)	/	2 )	/	0.796	*	365
=	0.2015					/	0.796	*	365
=	92.40

LGL Group'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
=	( (0.215	+	0.093)	/	2 )	/	0.201	*	365 / 4
=	0.154					/	0.201	*	365 / 4
=	69.91

LGL Group Days Payable Related Terms

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LGL Group (LGL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LGL Group Inc (AMEX:LGL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

51L:Germany

Address

2525 Shader Road, Orlando, FL, USA, 32804

Website

https://www.lglgroup.com

LGL Group Inc is engaged in investment and manufacturing business activities. Its Electronic components segment is focused on the design and manufacture of engineered frequency and spectrum control products. The company's Electronic instruments segment is focused on the design and manufacture of high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. Majority of its revenue is derived from the Electronic components segment.

Executives

Herve Francois	director	4 BRIDLE PATH, LAWRENCEVILLE NJ 08648
Darlene T Deremer	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Linda M Biles	officer: VP, Controller	2525 SHADER ROAD, ORLANDO FL 32804
James William Tivy	officer: Chief Financial Officer	220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Bel Lazar	director	4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga	director, officer: CEO	497 EISENHOWER COURT, WYCKOFF NJ 07481
John S Mega	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Lapenta Robert V Jr	director	C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
Mario J Gabelli	director, 10 percent owner	191 MASON STREET, GREENWICH CT 06830
Joan Atkinson	officer: CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Patrick Huvane	officer: Senior Vice President	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Michael J Ferrantino	director
Hendi Susanto	director	2525 SHADER RD., ORLANDO FL 32804
Salerno Frederic V Jr	director	2525 SHADER RD., ORLANDO FL 32804