Unique Fabricating (Unique Fabricating) Days Payable : 38.00 (As of Sep. 2022)

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What is Unique Fabricating Days Payable?

Unique Fabricating's average Accounts Payable for the three months ended in Sep. 2022 was $13.1 Mil. Unique Fabricating's Cost of Goods Sold for the three months ended in Sep. 2022 was $31.5 Mil. Hence, Unique Fabricating's Days Payable for the three months ended in Sep. 2022 was 38.00.

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

UFABQ's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 65.94
* Ranked among companies with meaningful Days Payable only.

Unique Fabricating's Days Payable declined from Sep. 2021 (43.92) to Sep. 2022 (38.00). It may suggest that Unique Fabricating accelerated paying its suppliers.

Unique Fabricating Days Payable Historical Data

The historical data trend for Unique Fabricating'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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Unique Fabricating Days Payable Chart

Unique Fabricating Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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33.95

31.19

31.36

37.06

35.09

Unique Fabricating Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															43.92	39.32	36.12	41.36	38.00

Competitive Comparison of Unique Fabricating's Days Payable

For the Auto Parts subindustry, Unique Fabricating'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.

Unique Fabricating's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Unique Fabricating's Days Payable distribution charts can be found below:

* The bar in red indicates where Unique Fabricating's Days Payable falls into.

Unique Fabricating 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.

Unique Fabricating's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (10.892	+	10.056)	/	2 )	/	108.95	*	365
=	10.474					/	108.95	*	365
=	35.09

Unique Fabricating's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (12.885	+	13.31)	/	2 )	/	31.454	*	365 / 4
=	13.0975					/	31.454	*	365 / 4
=	38.00

Unique Fabricating Days Payable Related Terms

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Unique Fabricating (Unique Fabricating) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Unique Fabricating Inc (OTCPK:UFABQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Standard Parkway, Auburn Hills, MI, USA, 48326

Website

https://www.uniquefab.com

Unique Fabricating Inc is engaged in the engineering and manufacture of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications. Its products are air management products, heating ventilating and air conditioning, seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. It derives net sales from the sales of foam, rubber plastic, and tape adhesive related automotive products produced by manufacturing processes including die cutting, compression molding, thermoforming, reaction injection molding and fusion molding.

Executives

Baum Richard L Jr	director	10 KINZEL LANE, WEST ORANGE NJ 07052
Susan C. Benedict	director	C/O STONERIDGE, INC., 39675 MACKENZIE DRIVE, SUITE 400, NOVI MI 48377
Peninsula Fund V Limited Partnership	10 percent owner	500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226
William Cooke	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Patrick W Cavanagh	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Brian P Loftus	officer: Chief Financial Officer	C/O UNIQUE FABRICATING, 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Cain Byrd Douglas Iii	officer: President and CEO	2622 TWIN HILLS COURT, UNION KY 41091
Donn J Viola	director	C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Paul Frascoia	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Kim Korth	director	C/O IRN, INC., 2680 WALKER AVENUE, SUITE A, GRAND RAPIDS MI 49544
James Albert Illikman	director	500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226
Thomas Tekiele	officer: Chief Financial Officer	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
John Weinhardt	director, officer: President and CEO	800 STANDARD PARKWAY, AUBURN HILLS MI 48326