Tofutti Brands (Tofutti Brands) Days Payable : 20.68 (As of Dec. 2023)

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What is Tofutti Brands Days Payable?

Tofutti Brands's average Accounts Payable for the three months ended in Dec. 2023 was $0.36 Mil. Tofutti Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.61 Mil. Hence, Tofutti Brands's Days Payable for the three months ended in Dec. 2023 was 20.68.

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

TOFB' s Days Payable Range Over the Past 10 Years
Min: 6.73 Med: 20.07 Max: 44.59
Current: 16.35

During the past 13 years, Tofutti Brands's highest Days Payable was 44.59. The lowest was 6.73. And the median was 20.07.

TOFB's Days Payable is ranked worse than
90.37% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.6 vs TOFB: 16.35

Tofutti Brands's Days Payable increased from Dec. 2022 (16.08) to Dec. 2023 (20.68). It may suggest that Tofutti Brands delayed paying its suppliers.

Tofutti Brands Days Payable Historical Data

The historical data trend for Tofutti Brands'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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Tofutti Brands Days Payable Chart

Tofutti Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.74

7.37

6.73

14.03

23.12

Tofutti Brands 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															16.08	18.14	4.82	16.97	20.68

Competitive Comparison of Tofutti Brands's Days Payable

For the Packaged Foods subindustry, Tofutti Brands'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.

Tofutti Brands's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tofutti Brands's Days Payable distribution charts can be found below:

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

Tofutti Brands 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.

Tofutti Brands'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
=	( (0.684	+	0.237)	/	2 )	/	7.271	*	365
=	0.4605					/	7.271	*	365
=	23.12

Tofutti Brands'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
=	( (0.491	+	0.237)	/	2 )	/	1.606	*	365 / 4
=	0.364					/	1.606	*	365 / 4
=	20.68

Tofutti Brands Days Payable Related Terms

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Tofutti Brands (Tofutti Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tofutti Brands Inc (OTCPK:TOFB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Jackson Drive, Cranford, NJ, USA, 07016

Website

https://www.tofutti.com

Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in majorly markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities.

Executives

Efraim Mintz	director	TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07106
Joseph N Himy	director	13-01 POLLITT DRIVE, FAIR LAWN NJ 07410
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
Neal S Axelrod	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Steven Kass	officer: Chief Financial Officer	50 JACKSON DRIVE, CRANFORD NJ 07016
Philip Gotthelf	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Aron Forem	director	C/O WUHL SHAFMAN LIEBERMAN CO., 52-62 CORNELIA STREET, NEWARK NJ 07105
Joseph K Fischer	director	50 JACKSON DRIVE, CRANFORD NJ 7016
Franklyn H Snitow	director	575 LEXINGTON AVE, NEW YORK NY 10017
Jeremy Wiesen	director
Reuben Rapoport	director, officer: Director-Product Development
David Mintz	director, 10 percent owner, officer: President & Chairman	50 JACKSON DRIVE, CRANFORD NJ 07016