TrueCar (TrueCar) Days Payable

: 180.01 (As of Dec. 2023)

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TrueCar's average Accounts Payable for the three months ended in Dec. 2023 was $8.4 Mil. TrueCar's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.3 Mil. Hence, TrueCar's Days Payable for the three months ended in Dec. 2023 was 180.01.

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

TRUE' s Days Payable Range Over the Past 10 Years
Min: 178.75 Med: 236.5 Max: 313.7
Current: 204.22

During the past 13 years, TrueCar's highest Days Payable was 313.70. The lowest was 178.75. And the median was 236.50.

TRUE's Days Payable is ranked better than
80.46% of 435 companies
in the Interactive Media industry
Industry Median: 60.99 vs TRUE: 204.22

TrueCar's Days Payable declined from Dec. 2022 (226.12) to Dec. 2023 (180.01). It may suggest that TrueCar accelerated paying its suppliers.

TrueCar Days Payable Historical Data

The historical data trend for TrueCar'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.

TrueCar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

312.32

292.33

201.56

225.34

178.75

TrueCar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																226.12	213.40	219.03	233.25	180.01

Competitive Comparison

For the Internet Content & Information subindustry, TrueCar'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.

TrueCar Days Payable Distribution

For the Interactive Media industry and Communication Services sector, TrueCar's Days Payable distribution charts can be found below:

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

TrueCar 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.

TrueCar'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
=	( (8.655	+	6.875)	/	2 )	/	15.856	*	365
=	7.765					/	15.856	*	365
=	178.75

TrueCar'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
=	( (9.956	+	6.875)	/	2 )	/	4.266	*	365 / 4
=	8.4155					/	4.266	*	365 / 4
=	180.01

TrueCar Days Payable Related Terms

Thank you for viewing the detailed overview of TrueCar's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

TrueCar (TrueCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TrueCar Inc (NAS:TRUE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5TC:Germany

Address

1401 Ocean Avenue, Suite 200, Santa Monica, CA, USA, 90401

Website

https://www.truecar.com

TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. The company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.

Executives

Oliver Foley	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Jay Ku	officer: Chief Revenue Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
John W Mendel	director	C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Brendan L Harrington	director	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Teresa Luong	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Robert Buce	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Faye Iosotaluno	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Michael Darrow	officer: EVP, OEM Development	C/O TRUECAR, INC., SUITE 200, SANTA MONICA CA 90401
Jeff Swart	officer: SVP & General Counsel	C/O TRUECAR, INC. 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Charles C. Thomas	officer: VP, Controller, PFO, PAO	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Simon Edward Smith	officer: EVP, Dealer Sales & Services	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jantoon Reigersman	officer: Chief Financial Officer	1655 26TH STREET, SANTA MONICA CA 90404
Kristin Slanina	officer: Chief Operating Officer	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Barbara Carbone	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401