Third Bench (Third Bench) Days Payable : 30.40 (As of May. 2023)

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What is Third Bench Days Payable?

Third Bench's average Accounts Payable for the three months ended in May. 2023 was $2.18 Mil. Third Bench's Cost of Goods Sold for the three months ended in May. 2023 was $6.53 Mil. Hence, Third Bench's Days Payable for the three months ended in May. 2023 was 30.40.

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

THBD's Days Payable is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 69.13
* Ranked among companies with meaningful Days Payable only.

Third Bench's Days Payable increased from Aug. 2013 (0.00) to May. 2023 (30.40). It may suggest that Third Bench delayed paying its suppliers.

Third Bench Days Payable Historical Data

The historical data trend for Third Bench'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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Third Bench Days Payable Chart

Third Bench Annual Data

Trend

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Days Payable

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Third Bench Quarterly Data
	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Aug14	Aug15	May22	May23
Days Payable	Get a 7-Day Free Trial															-	-	-	4.58	30.40

Competitive Comparison of Third Bench's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Third Bench'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.

Third Bench's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Third Bench's Days Payable distribution charts can be found below:

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

Third Bench 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.

Third Bench's Days Payable for the fiscal year that ended in Aug. 2015 is calculated as

	Days Payable (A: Aug. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2014 )	+	Accounts Payable (A: Aug. 2015 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2015 )	*	Days in Period
=	( (0.134	+	0.136)	/	2 )	/	0	*	365
=	0.135					/	0	*	365
=	N/A

Third Bench's Days Payable for the quarter that ended in May. 2023 is calculated as:

	Days Payable (Q: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2022 )	+	Accounts Payable (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (0	+	2.177)	/	1 )	/	6.534	*	365 / 4
=	2.177					/	6.534	*	365 / 4
=	30.40

Third Bench Days Payable Related Terms

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Third Bench (Third Bench) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Third Bench Inc (OTCPK:THBD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 S. Main Street, Suite 1410, Salt Lake City, UT, USA, 84111

Website

https://www.thirdbench.com

Third Bench Inc is engaged in architectural millwork and dealers in the cabinetry, kitchen, and bath areas. It offers products in categories such as Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas.

Executives

Alexandros Tsingos	director, officer: Secretary	ETYXIDOU24, PAGRATI, ATHENS J3 11633
Rick W Walchuk	director, 10 percent owner, officer: Pres/CEO/CFO/Trea/Sec	KOLOKOTRONI 2A, PALEO FALIRO, 17563, ATHENS J3 17563