Lifeloc Technologies (Lifeloc Technologies) Days Payable : 33.08 (As of Dec. 2023)

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What is Lifeloc Technologies Days Payable?

Lifeloc Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $0.45 Mil. Lifeloc Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.25 Mil. Hence, Lifeloc Technologies's Days Payable for the three months ended in Dec. 2023 was 33.08.

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

LCTC' s Days Payable Range Over the Past 10 Years
Min: 22.06 Med: 25.66 Max: 35.64
Current: 29.67

During the past 13 years, Lifeloc Technologies's highest Days Payable was 35.64. The lowest was 22.06. And the median was 25.66.

LCTC's Days Payable is ranked worse than
88.01% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs LCTC: 29.67

Lifeloc Technologies's Days Payable increased from Dec. 2022 (29.92) to Dec. 2023 (33.08). It may suggest that Lifeloc Technologies delayed paying its suppliers.

Lifeloc Technologies Days Payable Historical Data

The historical data trend for Lifeloc Technologies'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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Lifeloc Technologies Days Payable Chart

Lifeloc Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.96

26.05

35.64

29.03

28.15

Lifeloc Technologies 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															29.92	34.01	30.70	24.07	33.08

Competitive Comparison of Lifeloc Technologies's Days Payable

For the Scientific & Technical Instruments subindustry, Lifeloc Technologies'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.

Lifeloc Technologies's Days Payable Distribution in the Hardware Industry

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

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

Lifeloc Technologies 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.

Lifeloc Technologies'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
=	( (0.414	+	0.402)	/	2 )	/	5.29	*	365
=	0.408					/	5.29	*	365
=	28.15

Lifeloc Technologies'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
=	( (0.502	+	0.402)	/	2 )	/	1.247	*	365 / 4
=	0.452					/	1.247	*	365 / 4
=	33.08

Lifeloc Technologies Days Payable Related Terms

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Lifeloc Technologies (Lifeloc Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lifeloc Technologies Inc (OTCPK:LCTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12441 West 49th Avenue, Wheat Ridge, CO, USA, 80033

Website

https://www.lifeloc.com

Lifeloc Technologies Inc is a Colorado-based developer, manufacturer, and marketer of portable hand-held and fixed station breathalyzers and related accessories, supplies and education. It offers fuel-cell based breath alcohol testing equipment. In addition, it also offers a line of supplies, accessories, services, and training to support customers' alcohol testing programs. The company operates through two segments: Product Sales and Rentals. The Product Sales segment is a key revenue driver, includes the sale of physical products, including portable hand-held breathalyzers and related accessories and the Rentals segment includes rental of a portion of the company's building.

Executives

Wayne Willkomm	director	12441 W 49TH AVENUE, UNIT #4, WHEAT RIDGE CO 80033
Donald E. Siecke	director	12441 W 49TH AVE., UNIT 4, WHEAT RIDGE CO 80033
Michael Kornelsen	director	700 N. WASHINGTON STREET, #1007, DENVER CO 80203
Gurumurthi Ravishankar	director, officer: Executive Vice President	12441 W. 49TH STREET, SUITE 4, WHEAT RIDGE CO 80033
Vern D Kornelsen	director, 10 percent owner, officer: Secretary and CFO	4605 S. DENICE DR, ENGLEWOOD CO 80111
Partners Lllp Edco	10 percent owner	4605 S DENICE DR, ENGLEWOOD CO 80111
Robert D Greenlee	director	2060 BROADWAY, BOULDER CO 80302
Kristie L. Larose	officer: Vice President, Finance	12441 W. 49TH AVE., STE 4, WHEAT RIDGE CO 80033
Barry R. Knott	director, officer: President, CEO and Treasurer	12441 W. 49TH AVE., STE 4, WHEAT RIDGE CO 80033
Mark A. Lary	officer: Vice President, Operations	12441 W. 49TH AVE., STE 4, WHEAT RIDGE CO 80033
Robert H. Summers	director	5816 S LUPINE DR, LITTLETON CO 80123
Alan C. Castrodale	director	12441 . 49TH AVE., STE 4, WHEAT RIDGE CO 80033

Lifeloc Technologies (Lifeloc Technologies) Headlines

From GuruFocus

Lifeloc Reports Second Quarter 2023 Results

By ACCESSWIRE • 08-04-2023