THBD (Third Bench) Days Payable: 97.91 (As of May. 2024)

What is Third Bench Days Payable?

Third Bench THBD Days Payable is 97.91 as of May. 2024.

Third Bench's average Accounts Payable for the three months ended in May. 2024 was $2.03 Mil. Third Bench's Cost of Goods Sold for the three months ended in May. 2024 was $1.89 Mil. Hence, Third Bench's Days Payable for the three months ended in May. 2024 was 97.91.

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: 64.24
* Ranked among companies with meaningful Days Payable only.

Third Bench's Days Payable increased from Aug. 2014 (0.00) to May. 2024 (97.91). It may suggest that Third Bench delayed paying its suppliers.

Third Bench Days Payable Related Terms

Third Bench Days Payable Historical Data

* Premium members only.

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.

Third Bench Days Payable Chart

Third Bench Annual Data

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Days Payable

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Third Bench Quarterly Data
	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Aug14	Aug15	May22	May23	May24
Days Payable	Get a 7-Day Free Trial															0.00	0.00	4.58	30.40	97.91

THBD vs SGI, SN, MHK: Days Payable Comparison

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 Days Payable vs 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.

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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. 2024 is calculated as:

	Days Payable (Q: May. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: May. 2024 ))	/	count )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
=	( (2.177	+	1.879)	/	2 )	/	1.89	*	365 / 4
=	2.028					/	1.89	*	365 / 4
=	97.91

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 97.91 mean?

Third Bench (THBD) has a Days Payable of 97.91 as of May. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Third Bench and its competitors.

Is Third Bench's Days Payable too high?

Third Bench's current Days Payable is 97.91. The Furnishings, Fixtures & Appliances industry median Days Payable is 64.24. Third Bench's value of 97.91 is 52.4% above this industry median.

How does Third Bench's Days Payable compare to SGI and SN?

Third Bench's Days Payable of 97.91 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Days Payable is 64.24. Third Bench's value of 97.91 is 52.4% above this benchmark. 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 a Furnishings, Fixtures & Appliances company?

The median Days Payable among Furnishings, Fixtures & Appliances companies is 64.24, based on 418 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. Third Bench's current Days Payable of 97.91 is 52.4% 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 Third Bench and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 64.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Third Bench's current Days Payable is 97.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Third Bench stock overvalued right now?

Third Bench (THBD) has a current Days Payable of 97.91. The current Days Payable is 97.91 and 52.4% above the Furnishings, Fixtures & Appliances industry median of 64.24. 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 Third Bench (THBD), the current Days Payable is 97.91 as of May. 2024. 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.

Third Bench Business Description

Industry Consumer Cyclical Furnishings, Fixtures & Appliances

Comparable Companies SZSE:000333 SZSE:000651 SHSE:600690 SGI SN TSE:9843 SHSE:605117 TPE:2059 SZSE:002032 SHSE:600839 MHK LSE:HWDN SZSE:000921 SHSE:603833 XPAR:SK XKRX:021240 NSE:VOLTAS MIL:DLG SHSE:603486 WHR

Address 710 North Post Oak, Suite 206, Houston, TX, USA, 77024

Website https://www.thirdbench.com

Third Bench Inc is a holding company. The company, along with its subsidiaries, offers products in categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. It also provides installation services as a part of its vertical offering. Additionally, the company provides its products and services through its architectural millwork and retail facilities, located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona.