Transact Technologies (Transact Technologies) Days Payable : 70.61 (As of Dec. 2023)

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What is Transact Technologies Days Payable?

Transact Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $5.34 Mil. Transact Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.89 Mil. Hence, Transact Technologies's Days Payable for the three months ended in Dec. 2023 was 70.61.

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

TACT' s Days Payable Range Over the Past 10 Years
Min: 26.34 Med: 48.03 Max: 63.33
Current: 61.76

During the past 13 years, Transact Technologies's highest Days Payable was 63.33. The lowest was 26.34. And the median was 48.03.

TACT's Days Payable is ranked worse than
56.59% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs TACT: 61.76

Transact Technologies's Days Payable increased from Dec. 2022 (63.48) to Dec. 2023 (70.61). It may suggest that Transact Technologies delayed paying its suppliers.

Transact Technologies Days Payable Historical Data

The historical data trend for Transact 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.

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Transact Technologies Days Payable Chart

Transact Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.38

48.05

45.61

63.33

63.05

Transact 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	Get a 7-Day Free Trial															63.48	54.53	54.94	69.26	70.61

Competitive Comparison of Transact Technologies's Days Payable

For the Computer Hardware subindustry, Transact 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.

Transact Technologies's Days Payable Distribution in the Hardware Industry

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

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

Transact 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.

Transact 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
=	( (7.395	+	4.431)	/	2 )	/	34.231	*	365
=	5.913					/	34.231	*	365
=	63.05

Transact 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
=	( (6.239	+	4.431)	/	2 )	/	6.894	*	365 / 4
=	5.335					/	6.894	*	365 / 4
=	70.61

Transact Technologies Days Payable Related Terms

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Transact Technologies (Transact Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2319 Whitney Avenue, One Hamden Center, Suite 3B, Hamden, CT, USA, 06518

Website

https://www.transact-tech.com

Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas markets. Most of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Executives

B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Audrey Dunning	director	242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066
325 Master Fund Lp	director, 10 percent owner	757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
325 Capital Gp, Llc	director, 10 percent owner	757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Gaurav Bahri	officer: Chief Revenue Officer	12586 MISTY CREEK LANE, FAIRFAX VA 22033
William Defrances	officer: Chief Accounting Officer
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
B. Riley Securities, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Bart C Shuldman	director, officer: Chairman and CEO	6700 PARADISE ROAD, SUITE D, LAS VEGAS NV 89119
Raymond J Harbert	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Kenan Lucas	10 percent owner	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Fund Advisors, Inc.	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Discovery Fund, Lp	10 percent owner	HARBERT DISCOVERY FUND GP, LLC, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
John F. Bryant	10 percent owner	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Management Corp	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203