TBLTW (ToughBuilt Industries) Days Payable: 277.90 (As of Dec. 2023) — 322% Above Median


TBLTW ToughBuilt Industries Inc TBLTW
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What is ToughBuilt Industries Days Payable?

ToughBuilt Industries TBLTW 12 Days Payable is 277.90 as of Dec. 2023, which is 322% above its 10-year median of 65.82. GuruFocus rates TBLTW with a GF Score™ of 12/100. The stock has 7 warning signs investors should review.

ToughBuilt Industries's average Accounts Payable for the three months ended in Dec. 2023 was $44.02 Mil. ToughBuilt Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $14.46 Mil. Hence, ToughBuilt Industries's Days Payable for the three months ended in Dec. 2023 was 277.90.

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

TBLTW' s Days Payable Range Over the Past 10 Years
Min: 18.1   Med: 65.82   Max: 230.24
Current: 229.8

During the past 8 years, ToughBuilt Industries's highest Days Payable was 230.24. The lowest was 18.10. And the median was 65.82.

TBLTW's Days Payable is not ranked
in the Industrial Products industry.
Industry Median: 78.05 vs TBLTW: 229.80

ToughBuilt Industries's Days Payable increased from Dec. 2022 (127.99) to Dec. 2023 (277.90). It may suggest that ToughBuilt Industries delayed paying its suppliers.


ToughBuilt Industries Days Payable Historical Data

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The historical data trend for ToughBuilt Industries'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.

ToughBuilt Industries Days Payable Chart

ToughBuilt Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 58.02 65.19 76.70 112.07 230.24

ToughBuilt Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 127.99 174.07 251.37 226.30 277.90

TBLTW vs CVR, SNA, SWK: Days Payable Comparison

For the Tools & Accessories subindustry, ToughBuilt Industries'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.


ToughBuilt Industries Days Payable vs Industrial Products Industry

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

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


TBLTW
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ToughBuilt Industries Inc TBLTW
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ToughBuilt Industries 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.

ToughBuilt Industries'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
=( (28.571 + 46.954) / 2 ) / 59.866*365
=37.7625 / 59.866*365
=230.24

ToughBuilt Industries'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
=( (41.091 + 46.954) / 2 ) / 14.455*365 / 4
=44.0225 / 14.455*365 / 4
=277.90

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 277.90 mean?
ToughBuilt Industries (TBLTW) has a Days Payable of 277.90 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ToughBuilt Industries and its competitors. This is 322% above median its historical median of 65.82. Over the past decade, ToughBuilt Industries' Days Payable has ranged from 18.10 to 230.24.
Is ToughBuilt Industries' Days Payable too high?
ToughBuilt Industries' current Days Payable of 277.90 is 322% above median its 10-year median of 65.82. Over the past 10 years, this metric has ranged from a low of 18.10 to a high of 230.24. The Industrial Products industry median Days Payable is 78.05. ToughBuilt Industries' value of 277.90 is 256.1% above this industry median. Overall, ToughBuilt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ToughBuilt Industries' Days Payable compare to CVR and SNA?
ToughBuilt Industries' Days Payable of 277.90 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.05. ToughBuilt Industries' value of 277.90 is 256.1% above this benchmark. Historically, ToughBuilt Industries' own Days Payable has ranged from 18.10 to 230.24 over the past decade. While the company's 10-year median is 65.82 vs. the industry median of 78.05, ToughBuilt Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,987 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ToughBuilt Industries's current Days Payable of 277.90 is 256.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ToughBuilt Industries and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ToughBuilt Industries's current Days Payable is 277.90, which is 322% above median its own 10-year median of 65.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ToughBuilt Industries stock overvalued right now?
ToughBuilt Industries (TBLTW) has a current Days Payable of 277.90. The current Days Payable is 277.90, which is 322% above median its 10-year median of 65.82 and 256.1% above the Industrial Products industry median of 78.05. ToughBuilt Industries' overall GF Score™ is 12/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For ToughBuilt Industries (TBLTW), the current Days Payable is 277.90 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ToughBuilt Industries Business Description

Address 8669 Research Drive, Irvine, CA, USA, 92618
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its primary categories contain a total of approximately 22 product lines, consisting of Soft Goods, which include kneepads, tool bags, pouches, and tool belts; Metal Goods, which consist of sawhorses, tool stands, and workbench and; Utility Products, which include utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
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