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Where Food Comes From (Where Food Comes From) Days Payable

: 15.79 (As of Dec. 2023)
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Where Food Comes From's average Accounts Payable for the three months ended in Dec. 2023 was $0.64 Mil. Where Food Comes From's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.72 Mil. Hence, Where Food Comes From's Days Payable for the three months ended in Dec. 2023 was 15.79.

The historical rank and industry rank for Where Food Comes From's Days Payable or its related term are showing as below:

WFCF' s Days Payable Range Over the Past 10 Years
Min: 13.8   Med: 20.06   Max: 27.37
Current: 16.53

During the past 13 years, Where Food Comes From's highest Days Payable was 27.37. The lowest was 13.80. And the median was 20.06.

WFCF's Days Payable is ranked worse than
84.03% of 2523 companies
in the Software industry
Industry Median: 51.48 vs WFCF: 16.53

Where Food Comes From's Days Payable declined from Dec. 2022 (21.77) to Dec. 2023 (15.79). It may suggest that Where Food Comes From accelerated paying its suppliers.


Where Food Comes From Days Payable Historical Data

The historical data trend for Where Food Comes From'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.

Where Food Comes From Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.30 27.37 16.40 13.80 15.07

Where Food Comes From 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.77 19.09 17.39 15.80 15.79

Competitive Comparison

For the Software - Application subindustry, Where Food Comes From'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.


Where Food Comes From Days Payable Distribution

For the Software industry and Technology sector, Where Food Comes From's Days Payable distribution charts can be found below:

* The bar in red indicates where Where Food Comes From's Days Payable falls into.



Where Food Comes From 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.

Where Food Comes From'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
=( (0.64 + 0.567) / 2 ) / 14.613*365
=0.6035 / 14.613*365
=15.07

Where Food Comes From'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
=( (0.722 + 0.567) / 2 ) / 3.724*365 / 4
=0.6445 / 3.724*365 / 4
=15.79

* 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.


Where Food Comes From Days Payable Related Terms

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Where Food Comes From (Where Food Comes From) Business Description

Traded in Other Exchanges
N/A
Address
202 6th Street, Suite 400, Castle Rock, CO, USA, 80104
Where Food Comes From Inc is a third-party food verification company. It offers food production audits and uses verification processes to ensure that claims made by food producers and processors are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations and restaurants with a wide variety of value-added services provided through its family of verifiers, including IMI Global, International Certification Services, Validus Verification Services, and others. The company operates in two segments that are verification and certification and Software Sales and Related Consulting.
Executives
Dannette Henning officer: CFO 221 WILCOX STREET, SUITE A, CASTLE ROCK CO 80104
Pete Lapaseotes director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Graeme P. Rein director 221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
Michael Duane Smith director, 10 percent owner 221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
John K Saunders director, officer: CEO 221 WILCOX STREET #A, CASTLE ROCK CO 80104
Leann Saunders director, officer: President 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Tom Heinen director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Gary Chester Smith director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Adam Larson director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Robert Vanschoick director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104

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