Table Trac (Table Trac) Days Payable : 21.29 (As of Dec. 2023)

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What is Table Trac Days Payable?

Table Trac's average Accounts Payable for the three months ended in Dec. 2023 was $0.24 Mil. Table Trac's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.02 Mil. Hence, Table Trac's Days Payable for the three months ended in Dec. 2023 was 21.29.

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

TBTC' s Days Payable Range Over the Past 10 Years
Min: 30.08 Med: 71.59 Max: 227.26
Current: 45.2

During the past 13 years, Table Trac's highest Days Payable was 227.26. The lowest was 30.08. And the median was 71.59.

TBTC's Days Payable is ranked worse than
59.6% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.1 vs TBTC: 45.20

Table Trac's Days Payable declined from Dec. 2022 (36.89) to Dec. 2023 (21.29). It may suggest that Table Trac accelerated paying its suppliers.

Table Trac Days Payable Historical Data

The historical data trend for Table Trac'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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Table Trac Days Payable Chart

Table Trac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.15

80.28

34.94

30.08

54.22

Table Trac 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															36.89	91.79	49.49	37.86	21.29

Competitive Comparison of Table Trac's Days Payable

For the Resorts & Casinos subindustry, Table Trac'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.

Table Trac's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Table Trac's Days Payable distribution charts can be found below:

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

Table Trac 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.

Table Trac'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
=	( (0.418	+	0.306)	/	2 )	/	2.437	*	365
=	0.362					/	2.437	*	365
=	54.22

Table Trac'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
=	( (0.17	+	0.306)	/	2 )	/	1.02	*	365 / 4
=	0.238					/	1.02	*	365 / 4
=	21.29

Table Trac Days Payable Related Terms

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Table Trac (Table Trac) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Table Trac Inc (OTCPK:TBTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6101 Baker Road, Suite 206, Minnetonka, MN, USA, 55345

Website

https://www.casinotrac.com

Table Trac Inc develops patented proprietary information and management systems that automate and monitor the operations of casino table game operations. It also provides technical support to the casinos. The company mainly operates in the United States, Australia, Japan, the Caribbean and countries in both Central and South America. It derives the majority of its revenues from system sales. The Company sells and leases systems and technical support to casinos. It has casino management systems, table games management systems, DataTrac, KioskTrac and ancillary products installed with on-going support and maintenance contracts.

Executives

William Martinez	director	6101 BAKER RD, #206, MINNETONKA MN 55345
Thomas J Mertens	director	6101 BAKER RD., #206, MINNETONKA MN 55345
Louis C Fornetti	director	6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Randy Gilbert	officer: Chief Financial Officer	2415 ANNAPOLIS LANE, SUITE 100, PLYMOUTH MN 55441
Gary L Loebig	director	206 WILD BASIN ROAD, BLDG B 4TH FLOOR, AUSTIN TX 78746
Brian Hinchley	officer: Chief Financial Officer	6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Chad B Hoehne	director, officer: President and CEO	15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Steven A Browne	director	1960 NEWMAN, CARSON CITY NV 89703
Michael I Connolly	director	7800 BELFORT PARKWAY, SUITE 165, JACKSONVILLE FL 32256
Robert Siqveland	director, officer: Exec. Asst and Secretary	15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Glenn Joseph Goulet	director	10708 BULL RIDGE DRIVE, AUSTIN TX 78759
Scott E Smith	director	10513 RIGBY DRIVE, EDEN PRAIRIE MN 55447