Proto Labs (Proto Labs) Days Payable : 22.11 (As of Dec. 2023)

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What is Proto Labs Days Payable?

Proto Labs's average Accounts Payable for the three months ended in Dec. 2023 was $16.8 Mil. Proto Labs's Cost of Goods Sold for the three months ended in Dec. 2023 was $69.2 Mil. Hence, Proto Labs's Days Payable for the three months ended in Dec. 2023 was 22.11.

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

PRLB' s Days Payable Range Over the Past 10 Years
Min: 21.36 Med: 29.77 Max: 35.81
Current: 22.59

During the past 13 years, Proto Labs's highest Days Payable was 35.81. The lowest was 21.36. And the median was 29.77.

PRLB's Days Payable is ranked worse than
93.52% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs PRLB: 22.59

Proto Labs's Days Payable declined from Dec. 2022 (23.32) to Dec. 2023 (22.11). It may suggest that Proto Labs accelerated paying its suppliers.

Proto Labs Days Payable Historical Data

The historical data trend for Proto Labs'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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Proto Labs Days Payable Chart

Proto Labs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.95

29.54

29.99

28.57

21.36

Proto Labs 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															23.32	23.55	23.97	21.97	22.11

Competitive Comparison of Proto Labs's Days Payable

For the Metal Fabrication subindustry, Proto Labs'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.

Proto Labs's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Proto Labs's Days Payable distribution charts can be found below:

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

Proto Labs 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.

Proto Labs'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
=	( (17.356	+	15.636)	/	2 )	/	281.884	*	365
=	16.496					/	281.884	*	365
=	21.36

Proto Labs'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
=	( (17.922	+	15.636)	/	2 )	/	69.236	*	365 / 4
=	16.779					/	69.236	*	365 / 4
=	22.11

Proto Labs Days Payable Related Terms

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Proto Labs (Proto Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Proto Labs Inc (NYSE:PRLB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PRZ:Germany PRZ:Germany PRLB:Austria

Address

5540 Pioneer Creek Drive, Maple Plain, MN, USA, 55359

Website

https://www.protolabs.com

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The majority of its revenue is derived from the United States of America.

Executives

Oleg Ryaboy	officer: Chief Technology Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Robert Bodor	officer: Chief Technology Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Baker Arthur R. Iii	officer: Chief Technology Officer	14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344-2290
Daniel Schumacher	officer: Chief Financial Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Stacy Greiner	director	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Michael R. Kenison	officer: VP and GM of the America's	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
John B Goodman	director	3500 LYMAN BLVD, CHASKA MN 55379
Victoria M Holt	director, officer: President and CEO	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Ranier Gawlick	director	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Sven Wehrwein	director
John Way	officer: Chief Financial Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Moonhie Chin	director	AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Bjoern Klaas	officer: VP and Mng Director-PL Europe	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
John B. Tumelty	officer: Managing Dir.-Proto Labs, Ltd.	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Sujeet Chand	director	ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204