TRUK (Truck Hero) Days Payable: 32.17 (As of Jun. 2015)


What is Truck Hero Days Payable?

Truck Hero TRUK Days Payable is 32.17 as of Jun. 2015.

Truck Hero's average Accounts Payable for the six months ended in Jun. 2015 was $21.57 Mil. Truck Hero's Cost of Goods Sold for the six months ended in Jun. 2015 was $122.37 Mil. Hence, Truck Hero's Days Payable for the six months ended in Jun. 2015 was 32.17.

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

TRUK's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.015
* Ranked among companies with meaningful Days Payable only.

Truck Hero's Days Payable increased from Dec. 2013 (0.00) to Jun. 2015 (32.17). It may suggest that Truck Hero delayed paying its suppliers.

Truck Hero Days Payable Historical Data

* Premium members only.

The historical data trend for Truck Hero'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.

Truck Hero Days Payable Chart

Truck Hero Annual Data
Trend Dec13 Dec14
Days Payable
17.49 0.00

Truck Hero Semi-Annual Data
Dec13 Jun14 Jun15
Days Payable 0.00 12.32 32.17

TRUK vs IMLE, PFTI, OMTK: Days Payable Comparison

For the Auto Parts subindustry, Truck Hero'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.

Truck Hero Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Truck Hero's Days Payable distribution charts can be found below:

* The bar in red indicates where Truck Hero's Days Payable falls into.


Truck Hero 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.

Truck Hero's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (4.843 + 7.053) / 2 ) / 0*365
=5.948 / 0*365
=N/A

Truck Hero's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable (Q: Jun. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2014 ) + Accounts Payable (Q: Jun. 2015 )) / count ) / Cost of Goods Sold (Q: Jun. 2015 )*Days in Period
=( (0 + 21.569) / 1 ) / 122.365*365 / 2
=21.569 / 122.365*365 / 2
=32.17

* 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 32.17 mean?
Truck Hero (TRUK) has a Days Payable of 32.17 as of Jun. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Truck Hero and its competitors.
Is Truck Hero's Days Payable too high?
Truck Hero's current Days Payable is 32.17. The Vehicles & Parts industry median Days Payable is 67.02. Truck Hero's value of 32.17 is 52% below this industry median.
How does Truck Hero's Days Payable compare to IMLE and PFTI?
Truck Hero's Days Payable of 32.17 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.02. Truck Hero's value of 32.17 is 52% below 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,310 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. Truck Hero's current Days Payable of 32.17 is 52% below 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 Truck Hero and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Truck Hero's current Days Payable is 32.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truck Hero stock overvalued right now?
Truck Hero (TRUK) has a current Days Payable of 32.17. The current Days Payable is 32.17 and 52% below the Vehicles & Parts industry median of 67.02. 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 Truck Hero (TRUK), the current Days Payable is 32.17 as of Jun. 2015. 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.

Truck Hero Business Description

Truck Hero Inc was incorporated in Delaware in November 2007. The Company designs, manufactures and markets consumer accessories for pickup trucks. It offers a portfolio of branded and private label truck bed covers and accessories that include truck bed covers, truck caps, and bed liners custom-made fiberglass and aluminum truck caps and fiberglass truck bed covers to consumer and commercial markets and a line of retractable aluminum slat and hard-rolling truck bed covers, as well as bed rails and storage boxes. It also sells third party branded vehicle accessories online, which include floor mats, grill guards, steps, tool boxes, and towing product. The Company competes with the companies that manufacture and retail accessory and appearance products. It is subject to governmental laws and regulations.