Faro Technologies (Faro Technologies) Days Payable

: 47.75 (As of Dec. 2023)

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Faro Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $25.4 Mil. Faro Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $48.6 Mil. Hence, Faro Technologies's Days Payable for the three months ended in Dec. 2023 was 47.75.

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

FARO' s Days Payable Range Over the Past 10 Years
Min: 25.53 Med: 33.6 Max: 51.49
Current: 46.03

During the past 13 years, Faro Technologies's highest Days Payable was 51.49. The lowest was 25.53. And the median was 33.60.

FARO's Days Payable is ranked worse than
72.5% of 2418 companies
in the Hardware industry
Industry Median: 67.985 vs FARO: 46.03

Faro Technologies's Days Payable increased from Dec. 2022 (38.72) to Dec. 2023 (47.75). It may suggest that Faro Technologies delayed paying its suppliers.

Faro Technologies Days Payable Historical Data

The historical data trend for Faro 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.

Faro Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

33.60

35.30

33.59

44.53

51.49

Faro Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																38.72	50.59	36.68	45.13	47.75

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Faro 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.

Faro Technologies Days Payable Distribution

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

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

Faro 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.

Faro Technologies'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
=	( (27.286	+	27.404)	/	2 )	/	193.832	*	365
=	27.345					/	193.832	*	365
=	51.49

Faro Technologies'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
=	( (23.408	+	27.404)	/	2 )	/	48.554	*	365 / 4
=	25.406					/	48.554	*	365 / 4
=	47.75

Faro Technologies Days Payable Related Terms

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Faro Technologies (Faro Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FT1:Germany

Address

250 Technology Park, Lake Mary, FL, USA, 32746

Website

https://www.faro.com

Faro Technologies Inc is a global technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.

Executives

Alexander M Davern	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Peter James Lau	director, officer: President and CEO	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Rotterdam Jeroen Van	director	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Yuval Wasserman	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Stephen Cole	director	125 TECHNOLOGY PARK, LAKE MARY FL 32746
John Donofrio	director	ONE VILLAGE CENTER ROAD, VAN BUREN TOWNSHIP MI 48111
Jawad A Ahsan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Jeffrey D Sexton	officer: Vice President of Global Sales	1519 MONTEVAL PLACE, SAN JOSE CA 95120
Rajani Ramanathan	director	C/O GUIDEWIRE SOFTWARE, INC., 2850 S DELAWARE STREET, S-400, SAN MATEO CA 94403
Moonhie Chin	director	AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Kevin Beadle	officer: Senior Vice President, Sales	1601 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Katrona Tyrrell	officer: Chief People Officer	C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Yazid Tohme	officer: Chief R&D Officer	C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Allen L. Muhich	officer: Chief Financial Officer	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Michael D Burger	director, officer: President and CEO	250 TECHNOLOGY PARK, LAKE MARY FL 32746