Envela (Envela) Days Payable : 11.25 (As of Dec. 2023)

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What is Envela Days Payable?

Envela's average Accounts Payable for the three months ended in Dec. 2023 was $3.3 Mil. Envela's Cost of Goods Sold for the three months ended in Dec. 2023 was $27.0 Mil. Hence, Envela's Days Payable for the three months ended in Dec. 2023 was 11.25.

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

ELA' s Days Payable Range Over the Past 10 Years
Min: 5.98 Med: 25.19 Max: 49.7
Current: 8.99

During the past 13 years, Envela's highest Days Payable was 49.70. The lowest was 5.98. And the median was 25.19.

ELA's Days Payable is ranked worse than
92.87% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs ELA: 8.99

Envela's Days Payable increased from Dec. 2022 (9.98) to Dec. 2023 (11.25). It may suggest that Envela delayed paying its suppliers.

Envela Days Payable Historical Data

The historical data trend for Envela'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.

Envela Days Payable Chart

Envela Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.97

5.98

6.65

7.74

9.10

Envela 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															9.98	7.53	6.93	11.67	11.25

Competitive Comparison of Envela's Days Payable

For the Luxury Goods subindustry, Envela'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.

Envela's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Envela's Days Payable distribution charts can be found below:

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

Envela 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.

Envela'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
=	( (3.359	+	3.127)	/	2 )	/	130.017	*	365
=	3.243					/	130.017	*	365
=	9.10

Envela'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
=	( (3.522	+	3.127)	/	2 )	/	26.965	*	365 / 4
=	3.3245					/	26.965	*	365 / 4
=	11.25

Envela Days Payable Related Terms

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Envela (Envela) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Envela Corp (AMEX:ELA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1901 Gateway Drive, Suite 100, Irving, TX, USA, 75038

Website

https://www.envela.com

Envela Corp and its subsidiaries engage in diverse business activities within the recommerce sector. These include recommercializing luxury hard assets, consumer electronics and IT equipment; and end-of-life recycling solutions. It operates through two re-commerce business segments represented by its two direct subsidiaries. DGSE, LLC primarily buys to resell or recycle luxury hard assets like jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver and other precious metals, and ECHG, LLC focuses on the recommercialization of business IT equipment and consumer electronic devices.

Executives

Allison M Destefano	director	5353 KELLER SPRINGS, #2221, DALLAS TX 75248
Bret Allen Pedersen	officer: CHIEF FINANCIAL OFFICER	13022 PRESTON RD, DALLAS TX 75240
Richard D Schepp	director	C/O KOHLS LEGAL, N56 W170000 RIDGEWOOD DR, MENOMONEE FALLS WI 53051
James R Ruth	director	1337 EAGLE BEND DRIVE, SOUTHLAKE TX 76092
Alexandra C Griffin	director	2500 MCKINNEY AVE., #839, DALLAS TX 75201
Joel S Friedman	director	11527 ASHLEY LANE, FRISCO TX 75035
Eduro Holdings, Llc	10 percent owner	38660 SUSSEX HWY., BLDG 10, #102, DELMAR DE 19940-3529
John Richardson Loftus	director, 10 percent owner, officer: Chairman, President & CEO	13022 PRESTON RD, DALLAS TX 75240
Truscott Capital, Llc	10 percent owner	40 E. MAIN STREET, SUITE 626, NEWARK DE 19711
Ntr Metals, Llc	10 percent owner	10720 COMPOSITE DRIVE, DALLAS TX 75220
Elemetal, Llc	10 percent owner	15850 DALLAS PARKWAY, DALLAS TX 75248
Stephen Raymond Patterson	officer: Acting Chief Financial Officer	15850 DALLAS PARKWAY, SUITE 140, DALLAS TX 75248
William E Leroy	director	15850 DALLAS PARKWAY, SUITE 140, DALLAS TX 75248
Michael J. Noel	director	724 LEXINGTON AVE, COPPELL TX 75019
Nabil J. Lopez	director, officer: Chief Financial Officer	15850 DALLAS PARKWAY, SUITE 140, DALLAS TX 75248