Flexpoint Sensor Systems (Flexpoint Sensor Systems) Days Payable : 2,497.97 (As of Dec. 2023)

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What is Flexpoint Sensor Systems Days Payable?

Flexpoint Sensor Systems's average Accounts Payable for the three months ended in Dec. 2023 was $0.33 Mil. Flexpoint Sensor Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Hence, Flexpoint Sensor Systems's Days Payable for the three months ended in Dec. 2023 was 2,497.97.

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

FLXT' s Days Payable Range Over the Past 10 Years
Min: 1604.84 Med: 2839.46 Max: 10615.42
Current: 3255.8

During the past 13 years, Flexpoint Sensor Systems's highest Days Payable was 10615.42. The lowest was 1604.84. And the median was 2839.46.

FLXT's Days Payable is ranked better than
99.67% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs FLXT: 3255.80

Flexpoint Sensor Systems's Days Payable declined from Dec. 2022 (5,566.25) to Dec. 2023 (2,497.97). It may suggest that Flexpoint Sensor Systems accelerated paying its suppliers.

Flexpoint Sensor Systems Days Payable Historical Data

The historical data trend for Flexpoint Sensor Systems'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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Flexpoint Sensor Systems Days Payable Chart

Flexpoint Sensor Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,604.84

2,179.57

2,855.24

2,823.68

3,360.15

Flexpoint Sensor Systems 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															5,566.25	5,392.88	2,710.13	3,729.84	2,497.97

Competitive Comparison of Flexpoint Sensor Systems's Days Payable

For the Scientific & Technical Instruments subindustry, Flexpoint Sensor Systems'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.

Flexpoint Sensor Systems's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Flexpoint Sensor Systems's Days Payable falls into.

Flexpoint Sensor Systems 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.

Flexpoint Sensor Systems'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
=	( (0.31	+	0.316)	/	2 )	/	0.034	*	365
=	0.313					/	0.034	*	365
=	3,360.15

Flexpoint Sensor Systems'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
=	( (0.341	+	0.316)	/	2 )	/	0.012	*	365 / 4
=	0.3285					/	0.012	*	365 / 4
=	2,497.97

Flexpoint Sensor Systems Days Payable Related Terms

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Flexpoint Sensor Systems (Flexpoint Sensor Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flexpoint Sensor Systems Inc (OTCPK:FLXT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5718 W Dannon Way, Suite B, West Jordan, UT, USA, 84081

Website

https://www.flexpoint.com

Flexpoint Sensor Systems Inc designs, manufactures and markets flexible Bend Sensor technology. The Bend Sensor is used for myriad applications, spanning multiple markets such as automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming. Its products include Bend Sensor, and USB Bend Sensor Kit.

Executives

Clark M Mower	director, officer: President, CEO	106 W. BUSINESS PARK DRIVE, DRAPER UT 84020
Thomas N Strong	officer: CFO/comptroller & Sec./Treas.	106 WEST BUSINESS PARK DRIVE, DRAPER UT 84020
Atkinson B Fred Jr	officer: Secretary/Treasurer	106 W. BUSINESS PARK DRIVE, DRAPER UT 84020
Gill Ruland J Jr	director	532 HERITAGE DRIVE, BOUNTIFUL UT 84010
John A Sindt	director	47 E 7200 SOUTH, #201, MIDVALE UT 84047
Donald E Shelley	other: Former Sec./Treas.	160 W 1200 S, DRAPER UT 84020
First Equity Holdings Corp	10 percent owner	2157 S LINCOLN ST, SALT LAKE CITY UT 84106