PAL (Proficient Auto Logistics) Days Payable : 12.78 (As of Sep. 2024)

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What is Proficient Auto Logistics Days Payable?

Proficient Auto Logistics's average Accounts Payable for the three months ended in Sep. 2024 was $10.8 Mil. Proficient Auto Logistics's Cost of Goods Sold for the three months ended in Sep. 2024 was $77.1 Mil. Hence, Proficient Auto Logistics's Days Payable for the three months ended in Sep. 2024 was 12.78.

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

PAL' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 9.4
Current: 9.4

During the past 1 years, Proficient Auto Logistics's highest Days Payable was 9.40. The lowest was 0.00. And the median was 0.00.

PAL's Days Payable is ranked worse than
93.92% of 938 companies
in the Transportation industry
Industry Median: 36.315 vs PAL: 9.40

Proficient Auto Logistics's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (12.78). It may suggest that Proficient Auto Logistics delayed paying its suppliers.

Proficient Auto Logistics Days Payable Historical Data

The historical data trend for Proficient Auto Logistics'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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Proficient Auto Logistics Days Payable Chart

Proficient Auto Logistics Annual Data

Trend

Dec23

Days Payable

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial			-	6.06	51.22	16.42	12.78

Competitive Comparison of Proficient Auto Logistics's Days Payable

For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.

Proficient Auto Logistics's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Proficient Auto Logistics's Days Payable distribution charts can be found below:

* The bar in red indicates where Proficient Auto Logistics's Days Payable falls into.

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Proficient Auto Logistics 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.

Proficient Auto Logistics'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: . 20 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (	+	21.144)	/	1 )	/	0	*	365
=	21.144					/	0	*	365
=	N/A

Proficient Auto Logistics's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (11.372	+	10.229)	/	2 )	/	77.109	*	365 / 4
=	10.8005					/	77.109	*	365 / 4
=	12.78

Proficient Auto Logistics Days Payable Related Terms

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.