Flotek Industries (Flotek Industries) Days Payable : 90.73 (As of Dec. 2023)

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What is Flotek Industries Days Payable?

Flotek Industries's average Accounts Payable for the three months ended in Dec. 2023 was $32.6 Mil. Flotek Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $32.8 Mil. Hence, Flotek Industries's Days Payable for the three months ended in Dec. 2023 was 90.73.

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

FTK' s Days Payable Range Over the Past 10 Years
Min: 49.11 Med: 66.82 Max: 1053.66
Current: 82.63

During the past 13 years, Flotek Industries's highest Days Payable was 1053.66. The lowest was 49.11. And the median was 66.82.

FTK's Days Payable is ranked better than
61.11% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs FTK: 82.63

Flotek Industries's Days Payable increased from Dec. 2022 (57.18) to Dec. 2023 (90.73). It may suggest that Flotek Industries delayed paying its suppliers.

Flotek Industries Days Payable Historical Data

The historical data trend for Flotek Industries'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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Flotek Industries Days Payable Chart

Flotek Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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673.56

49.11

61.13

52.39

72.51

Flotek Industries 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															57.18	74.48	84.90	93.57	90.73

Competitive Comparison of Flotek Industries's Days Payable

For the Oil & Gas Equipment & Services subindustry, Flotek Industries'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.

Flotek Industries's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flotek Industries's Days Payable distribution charts can be found below:

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

Flotek Industries 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.

Flotek Industries'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
=	( (33.375	+	31.705)	/	2 )	/	163.795	*	365
=	32.54					/	163.795	*	365
=	72.51

Flotek Industries'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
=	( (33.436	+	31.705)	/	2 )	/	32.758	*	365 / 4
=	32.5705					/	32.758	*	365 / 4
=	90.73

Flotek Industries Days Payable Related Terms

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Flotek Industries (Flotek Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flotek Industries Inc (NYSE:FTK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8846 North Sam Houston Parkway West, Suite 150, Houston, TX, USA, 77064

Website

https://www.flotekind.com

Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.

Executives

David Nierenberg	director	19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell	officer: SVP, Operations	10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
Matthew Wilks	director	17010 IH-20, CISCO TX 76437
James Bond Clement	officer: Chief Financial Officer	400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi	director	5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr	director, officer: CEO and President	10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp.	10 percent owner	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber	director	7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson	officer: Interim CFO	3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437