PowerFleet (PowerFleet) Days Payable : 80.81 (As of Sep. 2023)

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What is PowerFleet Days Payable?

PowerFleet's average Accounts Payable for the three months ended in Sep. 2023 was $15.1 Mil. PowerFleet's Cost of Goods Sold for the three months ended in Sep. 2023 was $17.1 Mil. Hence, PowerFleet's Days Payable for the three months ended in Sep. 2023 was 80.81.

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

PWFL' s Days Payable Range Over the Past 10 Years
Min: 75.66 Med: 87.58 Max: 140.08
Current: 87.5

During the past 13 years, PowerFleet's highest Days Payable was 140.08. The lowest was 75.66. And the median was 87.58.

PWFL's Days Payable is ranked better than
63.62% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs PWFL: 87.50

PowerFleet's Days Payable declined from Sep. 2022 (100.61) to Sep. 2023 (80.81). It may suggest that PowerFleet accelerated paying its suppliers.

PowerFleet Days Payable Historical Data

The historical data trend for PowerFleet'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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PowerFleet Days Payable Chart

PowerFleet Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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86.19

92.38

84.53

76.36

83.55

PowerFleet Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															100.61	90.34	85.85	83.97	80.81

Competitive Comparison of PowerFleet's Days Payable

For the Communication Equipment subindustry, PowerFleet'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.

PowerFleet's Days Payable Distribution in the Hardware Industry

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

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

PowerFleet 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.

PowerFleet'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
=	( (17.748	+	14.751)	/	2 )	/	70.986	*	365
=	16.2495					/	70.986	*	365
=	83.55

PowerFleet's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (13.705	+	16.547)	/	2 )	/	17.08	*	365 / 4
=	15.126					/	17.08	*	365 / 4
=	80.81

PowerFleet Days Payable Related Terms

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PowerFleet (PowerFleet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PowerFleet Inc (NAS:PWFL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PWFL:Israel 3LO:Germany

Address

123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677

Website

https://www.powerfleet.com

PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.

Executives

David Wilson	officer: Chief Financial Officer
Michael J Casey	director	C/O MAPICS INC, 1000WINDWARD CONCOURSE PKWY STE.100, ALPHARETTA GA 30005
Offer Lehmann	officer: Chief Operating Officer	C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Elchanan Maoz	director	11200 SW MURRAY SCHOLLS PLACE, BEAVERTON OR 97007
Patrick John Maley	officer: Chief Revenue Officer	C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
James Scott Zeitunian	officer: Chief Technology Officer	C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Joaquin Fong	officer: See "Remarks" below	C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Charles Frumberg	director	825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Michael Brodsky	director	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Steven Mark Towe	director, officer: Chief Executive Officer	C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Elizabeth Elkins	officer: Chief Product Officer	C/O POWERFLEET, INC., 123 TICE BLVD., WOODCLIFF LAKE NJ 07677
David Mahlab	director, officer: CEO International	14 HA'MELACHA STREET, ROSH HA'AYIN L3 4809133
Medhini Srinivasan	director	C/O POWERFLEET, INC., 123 TICE BLVD, WOODCLIFF LAKE NJ 07677
Anders Bjork	director	C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Ned Mavrommatis	officer: Chief Financial Officer	C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601