Compx International (Compx International) Days Payable : 11.03 (As of Dec. 2023)

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What is Compx International Days Payable?

Compx International's average Accounts Payable for the three months ended in Dec. 2023 was $3.6 Mil. Compx International's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.5 Mil. Hence, Compx International's Days Payable for the three months ended in Dec. 2023 was 11.03.

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

CIX' s Days Payable Range Over the Past 10 Years
Min: 10.76 Med: 11.93 Max: 15.74
Current: 12.91

During the past 13 years, Compx International's highest Days Payable was 15.74. The lowest was 10.76. And the median was 11.93.

CIX's Days Payable is ranked worse than
86.92% of 925 companies
in the Business Services industry
Industry Median: 47.39 vs CIX: 12.91

Compx International's Days Payable declined from Dec. 2022 (13.79) to Dec. 2023 (11.03). It may suggest that Compx International accelerated paying its suppliers.

Compx International Days Payable Historical Data

The historical data trend for Compx International'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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Compx International Days Payable Chart

Compx International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.30

11.50

11.24

10.76

10.89

Compx International 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															13.79	11.97	15.85	15.16	11.03

Competitive Comparison of Compx International's Days Payable

For the Security & Protection Services subindustry, Compx International'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.

Compx International's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Compx International's Days Payable distribution charts can be found below:

* The bar in red indicates where Compx International's Days Payable falls into.

Compx International 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.

Compx International'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
=	( (3.537	+	3.148)	/	2 )	/	112.068	*	365
=	3.3425					/	112.068	*	365
=	10.89

Compx International'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
=	( (3.991	+	3.148)	/	2 )	/	29.542	*	365 / 4
=	3.5695					/	29.542	*	365 / 4
=	11.03

Compx International Days Payable Related Terms

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Compx International (Compx International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Compx International Inc (AMEX:CIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620

Website

https://www.compxinternational.com

Compx International Inc is a manufacturer of security products. Its security products are primarily used in recreational transportation, postal, office & institutional furniture, cabinetry, tool storage, healthcare, and a variety of other industries. Also, it is engaged in the manufacturing of stainless steel exhaust systems, gauges, throttle controls, and trim tabs for the recreational marine industry. The company's operating segment includes Security Products and Marine Components. The company generates maximum revenue from the Security Products segment, which manufactures mechanical and electrical cabinet locks and other locking mechanisms. Its geographical segments are the United States, Canada, Mexico, and others, of which the United States accounts for the vast majority of revenue.

Executives

Gina A. Norris	director	1329 MILLWOOD ROAD, MCKINNEY TX 75069
Ann Manix	director	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Kevin B Kramer	director	C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Andrew B Nace	officer: Vice President	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Kristin B Mccoy	officer: EVP, Tax	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bryan A. Hanley	officer: Vice President and Treasurer	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Amy A. Samford	officer: Vice President and CFO	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Mary A. Tidlund	director	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Bart W Reichert	officer: Vice President, Internal Audit	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Michael Shawn Simmons	officer: SVP & Chief Financial Officer	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Darci B Scott	officer: Vice President, Tax	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Robert D Graham	officer: Executive Vice President	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Amy E. Ruf	officer: Vice President and Controller	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Terri Herrington	director	C/O CONTRAN CORPORATION, 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Jane Rast Grimm	officer: VP and Secretary	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240