Driven Brands Holdings (Driven Brands Holdings) Days Payable

: 27.33 (As of Dec. 2023)

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Driven Brands Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $79 Mil. Driven Brands Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $264 Mil. Hence, Driven Brands Holdings's Days Payable for the three months ended in Dec. 2023 was 27.33.

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

DRVN' s Days Payable Range Over the Past 10 Years
Min: 21 Med: 55.18 Max: 73.58
Current: 25.51

During the past 6 years, Driven Brands Holdings's highest Days Payable was 73.58. The lowest was 21.00. And the median was 55.18.

DRVN's Days Payable is ranked worse than
88.68% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 66.42 vs DRVN: 25.51

Driven Brands Holdings's Days Payable increased from Dec. 2022 (25.10) to Dec. 2023 (27.33). It may suggest that Driven Brands Holdings delayed paying its suppliers.

Driven Brands Holdings Days Payable Historical Data

The historical data trend for Driven Brands Holdings'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.

* Premium members only.

Driven Brands Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

73.58

66.65

43.70

28.49

21.00

Driven Brands Holdings Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable															25.10	25.00	26.94	27.27	27.33

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Driven Brands Holdings'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.

Driven Brands Holdings Days Payable Distribution

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

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

Driven Brands Holdings 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.

Driven Brands Holdings'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
=	( (60.606	+	67.526)	/	2 )	/	1113.55	*	365
=	64.066					/	1113.55	*	365
=	21.00

Driven Brands Holdings'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
=	( (90.44	+	67.526)	/	2 )	/	263.724	*	365 / 4
=	78.983					/	263.724	*	365 / 4
=	27.33

Driven Brands Holdings Days Payable Related Terms

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Driven Brands Holdings (Driven Brands Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Driven Brands Holdings Inc (NAS:DRVN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 South Church Street, Suite 700, Charlotte, NC, USA, 28202

Website

https://www.drivenbrands.com

Driven Brands Holdings Inc is an automotive services company. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.

Executives

Jonathan G. Fitzpatrick	director, officer: President & CEO	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Gary W Ferrera	officer: EVP, Chief Financial Officer	3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Muhammad Khalid	officer: EVP, Seg. Pres. - Maintenance	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Rc Iv Cayman Icw Holdings Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Neal K Aronson	director, 10 percent owner, other: See Remarks	1180 PEACHTREE STREET NE., SUITE 2500, ATLANTA GA 30309
Driven Equity Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Michael G. Macaluso	officer: EVP & Grp Pres-Pt., Coll & Gl.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Jose D. Tomas	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Driven Equity Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Rc Iv Cayman Icw Holdings Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Roark Capital Partners Iii Aiv Lp	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Daniel R. Rivera	officer: EVP & Group President, Maint.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
John R. Teddy	officer: EVP & President, Car Wash N.A.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Karen B. Stroup	director	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Michael Beland	officer: SVP & Chief Accounting Officer	440 S. CHURCH ST., SUITE 700, CHARLOTTE NC 28202