Wireless Telecom Group (Wireless Telecom Group) Days Payable : 40.20 (As of Mar. 2023)

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What is Wireless Telecom Group Days Payable?

Wireless Telecom Group's average Accounts Payable for the three months ended in Mar. 2023 was $0.98 Mil. Wireless Telecom Group's Cost of Goods Sold for the three months ended in Mar. 2023 was $2.23 Mil. Hence, Wireless Telecom Group's Days Payable for the three months ended in Mar. 2023 was 40.20.

The historical rank and industry rank for Wireless Telecom Group's Days Payable or its related term are showing as below:

WTT' s Days Payable Range Over the Past 10 Years
Min: 21.52 Med: 35.34 Max: 54.52
Current: 54.52

During the past 13 years, Wireless Telecom Group's highest Days Payable was 54.52. The lowest was 21.52. And the median was 35.34.

WTT's Days Payable is not ranked
in the Hardware industry.
Industry Median: 67.83 vs WTT: 54.52

Wireless Telecom Group's Days Payable increased from Mar. 2022 (37.81) to Mar. 2023 (40.20). It may suggest that Wireless Telecom Group delayed paying its suppliers.

Wireless Telecom Group Days Payable Historical Data

The historical data trend for Wireless Telecom Group'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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Wireless Telecom Group Days Payable Chart

Wireless Telecom Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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46.94

37.55

33.13

41.16

21.52

Wireless Telecom Group 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															37.81	49.43	50.05	94.60	40.20

Competitive Comparison of Wireless Telecom Group's Days Payable

For the Communication Equipment subindustry, Wireless Telecom Group'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.

Wireless Telecom Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wireless Telecom Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Wireless Telecom Group's Days Payable falls into.

Wireless Telecom Group 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.

Wireless Telecom Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.644	+	0.48)	/	2 )	/	9.534	*	365
=	0.562					/	9.534	*	365
=	21.52

Wireless Telecom Group'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
=	( (0.48	+	1.482)	/	2 )	/	2.227	*	365 / 4
=	0.981					/	2.227	*	365 / 4
=	40.20

Wireless Telecom Group Days Payable Related Terms

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Wireless Telecom Group (Wireless Telecom Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wireless Telecom Group Inc (AMEX:WTT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Eastmans Road, Parsippany, NJ, USA, 07054

Website

https://www.wirelesstelecomgroup.com

Wireless Telecom Group Inc is a designer and manufacturer of advanced radio frequency (RF) and microwave components, modules, systems, and instruments. Serving aerospace and defense companies, military and government agencies, satellite communication companies, semiconductor manufacturers, and other technology companies. The company's products include RF power meters, sensors and analyzers, RF synthesizers, noise generators and components and phased noise analyzers. The company's services include calibration, repair and maintenance.

Executives

Manko Joseph M. Jr.	10 percent owner	1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
C Scott Gibson	director	PMB 316, PO BOX 30,000, JACKSON WY 83002
Jennifer M Fritzsche	director	11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Alfred Rodriguez	officer: Chief Revenue Officer	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD, PARSIPPANY NJ 07054
Timothy Whelan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS ROAD, PARSIPANNY NJ 07054
Michael Kandell	officer: Chief Financial Officer	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Horton Capital Partners Fund, L.p.	10 percent owner	1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Horton Capital Partners, Llc	10 percent owner	1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Horton Capital Management, Llc	10 percent owner	1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Daniel Monopoli	officer: Chief Technology Officer	WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Michael Millegan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Weinstein Allan D.l.	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Bell Don Carlos Iii	director	3713 SOUTHWESTERN BLVD, DALLAS TX 75225
E Wayne Nordberg	10 percent owner	C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170
Philip E. Richter	10 percent owner	C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170