XPEL (TSXV:XPEL.U) Days Payable : 38.60 (As of Dec. 2023)

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XPEL's average Accounts Payable for the three months ended in Dec. 2023 was $27.3 Mil. XPEL's Cost of Goods Sold for the three months ended in Dec. 2023 was $64.6 Mil. Hence, XPEL's Days Payable for the three months ended in Dec. 2023 was 38.60.

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

TSXV:XPEL.U' s Days Payable Range Over the Past 10 Years
Min: 23.96 Med: 40.35 Max: 53.84
Current: 33.27

During the past 13 years, XPEL's highest Days Payable was 53.84. The lowest was 23.96. And the median was 40.35.

TSXV:XPEL.U's Days Payable is ranked worse than
82.47% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs TSXV:XPEL.U: 33.27

XPEL's Days Payable increased from Dec. 2022 (37.63) to Dec. 2023 (38.60). It may suggest that XPEL delayed paying its suppliers.

XPEL Days Payable Historical Data

The historical data trend for XPEL'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.

XPEL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.96

35.54

41.81

38.89

31.93

XPEL 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															37.63	27.57	27.62	38.97	38.60

Competitive Comparison

For the Auto Parts subindustry, XPEL'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.

XPEL Days Payable Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, XPEL's Days Payable distribution charts can be found below:

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

XPEL 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.

XPEL'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
=	( (16.689	+	24.233)	/	2 )	/	233.879	*	365
=	20.461					/	233.879	*	365
=	31.93

XPEL'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
=	( (30.419	+	24.233)	/	2 )	/	64.606	*	365 / 4
=	27.326					/	64.606	*	365 / 4
=	38.60

XPEL Days Payable Related Terms

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XPEL (TSXV:XPEL.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » XPEL Inc (TSXV:XPEL.U) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XPEL:USA XPX:Germany

Address

711 Broadway, Suite 320, San Antonio, TX, USA, 78215

Website

https://www.xpel.com

XPEL Inc is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and commercial/residential window films, and ceramic coatings. The company has a network of trained installers and proprietary DAP software, dedicated to exceeding customer expectations by providing quality products, customer service, technical support, and world-class training.

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