QRHC (Quest Resource Holding) Days Payable : 54.93 (As of Sep. 2024)

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What is Quest Resource Holding Days Payable?

Quest Resource Holding's average Accounts Payable for the three months ended in Sep. 2024 was $36.8 Mil. Quest Resource Holding's Cost of Goods Sold for the three months ended in Sep. 2024 was $61.1 Mil. Hence, Quest Resource Holding's Days Payable for the three months ended in Sep. 2024 was 54.93.

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

QRHC' s Days Payable Range Over the Past 10 Years
Min: 42.82 Med: 56.07 Max: 68.7
Current: 57.13

During the past 13 years, Quest Resource Holding's highest Days Payable was 68.70. The lowest was 42.82. And the median was 56.07.

QRHC's Days Payable is ranked worse than
57.76% of 232 companies
in the Waste Management industry
Industry Median: 72.015 vs QRHC: 57.13

Quest Resource Holding's Days Payable declined from Sep. 2023 (55.49) to Sep. 2024 (54.93). It may suggest that Quest Resource Holding accelerated paying its suppliers.

Quest Resource Holding Days Payable Historical Data

The historical data trend for Quest Resource Holding'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.

Quest Resource Holding Days Payable Chart

Quest Resource Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.63

52.61

55.96

42.82

51.57

Quest Resource Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															55.49	59.73	58.33	56.79	54.93

Competitive Comparison of Quest Resource Holding's Days Payable

For the Waste Management subindustry, Quest Resource Holding'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.

Quest Resource Holding's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Quest Resource Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Quest Resource Holding's Days Payable falls into.

Quest Resource Holding 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.

Quest Resource Holding'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
=	( (28.745	+	38.6)	/	2 )	/	238.313	*	365
=	33.6725					/	238.313	*	365
=	51.57

Quest Resource Holding'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
=	( (37.857	+	35.656)	/	2 )	/	61.065	*	365 / 4
=	36.7565					/	61.065	*	365 / 4
=	54.93

Quest Resource Holding Days Payable Related Terms

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Quest Resource Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quest Resource Holding Corp (NAS:QRHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3481 Plano Parkway, Suite 100, The Colony, TX, USA, 75056

Website

https://investors.qrhc.com

Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.

Executives

Audrey Dunning	director	242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066
S. Ray Hatch	director, officer: President and CEO	3481 PLANO PARKWAY, THE COLONY TX 75056
Brett Wade Johnston	officer: Sr. VP of Finance and CFO	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
David P Sweitzer	officer: EVP and COO	3481 PLANO PARKWAY, THE COLONY TX 75056
Glenn Culpepper	director	6363 S FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Miller Ronald L. Jr.	director	C/O INFINITY RESOURCES HOLDINGS CORP., 1375 NORTH SCOTTSDALE ROAD, SUITE 140, SCOTTSDALE AZ 85257
Alan D. Allred	officer: See Remarks	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
Laurie L Latham	officer: Senior VP and CFO	C/O VIEWCAST COM, 2665 VILLA CREEK DRIVE, DALLAS TX 75234
Daniel M. Friedberg	director, 10 percent owner	C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830
Barry M Kitt	10 percent owner
Stephen Coskery	officer: See Remarks	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123