Tessco Technologies (Tessco Technologies) Days Payable : 74.45 (As of Mar. 2023)

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What is Tessco Technologies Days Payable?

Tessco Technologies's average Accounts Payable for the three months ended in Mar. 2023 was $68.0 Mil. Tessco Technologies's Cost of Goods Sold for the three months ended in Mar. 2023 was $83.4 Mil. Hence, Tessco Technologies's Days Payable for the three months ended in Mar. 2023 was 74.45.

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

TESS' s Days Payable Range Over the Past 10 Years
Min: 40.88 Med: 57.91 Max: 82.32
Current: 70.63

During the past 13 years, Tessco Technologies's highest Days Payable was 82.32. The lowest was 40.88. And the median was 57.91.

TESS's Days Payable is not ranked
in the Hardware industry.
Industry Median: 67.95 vs TESS: 70.63

Tessco Technologies's Days Payable increased from Mar. 2022 (66.68) to Mar. 2023 (74.45). It may suggest that Tessco Technologies delayed paying its suppliers.

Tessco Technologies Days Payable Historical Data

The historical data trend for Tessco 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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Tessco Technologies Days Payable Chart

Tessco Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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76.41

82.32

80.57

67.02

68.27

Tessco Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															66.68	69.27	69.94	71.46	74.45

Competitive Comparison of Tessco Technologies's Days Payable

For the Communication Equipment subindustry, Tessco 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.

Tessco Technologies's Days Payable Distribution in the Hardware Industry

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

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

Tessco 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.

Tessco Technologies's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (65.255	+	69.772)	/	2 )	/	360.98	*	365
=	67.5135					/	360.98	*	365
=	68.27

Tessco Technologies's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (66.255	+	69.772)	/	2 )	/	83.366	*	365 / 4
=	68.0135					/	83.366	*	365 / 4
=	74.45

Tessco Technologies Days Payable Related Terms

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Tessco Technologies (Tessco Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

11126 McCormick Road, Hunt Valley, MD, USA, 21031

Website

https://www.tessco.com

Tessco Technologies Inc is a United States-based value-added technology distributor, manufacturer, and solutions provider. The company supplies wireless communications products for network infrastructure, site support, and fixed and mobile broadband networks. It offers products related to power systems, Wi-Fi Networks, Broadband, DAS((Distributed Antenna Systems) for In-Building Cellular and Public Safety Coverage, IoT (Internet of Things), Mobile Devices and Accessories, and others. The operating segments of the company are Carrier and Commercial, of which the majority of the revenue is derived from the Commercial segment.

Executives

Barnhill Robert B Jr	10 percent owner	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Thad Lowe	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Tammy Ridgley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Michael Brodsky	other: See Explanation of Responses	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Matthew W Brewer	other: See Explanation of Responses	C/O BARTLIT BECK LLP, 54 WEST HUBBARD #3B, CHICAGO IL 60654
Kenneth J Spangler	other: See Explanation of Responses	90 FEDEX PARKWAY, 2ND FLOOR VERTICAL, COLLIERVILLE TN 38017
Joseph H Quaglia	other: See Explanation of Responses	5350 TECH DATA DRIVE, CLEARWATER FL 33760
J Timothy Bryan	director	11700 PLAZA AMERICA DRIVE, SUITE 1010, RESTON VA 20190
Lakeview Investment Group & Trading Co Llc	10 percent owner	444 WEST LAKE STREET, SUITE 1900, CHICAGO IL 60606
Steven T Campbell	director	8410 W. BRYN MAWR, CHICAGO IL 60631
Vernon Irvin	director	C/O EVERBRIDGE, INC., 25 CORPORATE DRIVE, BURLINGTON MA 02108
Paul J Gaffney	director	N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051
Kathleen Mclean	director	C/O FAIRPOINT COMMUNICATIONS, INC., 521 E. MOREHEAD STREET, SUITE 500, CHARLOTTE NC 28202
Joseph Cawley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Abl Manager Llc	10 percent owner	444 W. LAKE #1900, CHICAGO IL 60606