UTRK (Universal Tracking Solutions) Days Payable: 37.57 (As of Dec. 2011)


What is Universal Tracking Solutions Days Payable?

Universal Tracking Solutions UTRK Days Payable is 37.57 as of Dec. 2011.

Universal Tracking Solutions's average Accounts Payable for the three months ended in Dec. 2011 was $0.04 Mil. Universal Tracking Solutions's Cost of Goods Sold for the three months ended in Dec. 2011 was $0.10 Mil. Hence, Universal Tracking Solutions's Days Payable for the three months ended in Dec. 2011 was 37.57.

The historical rank and industry rank for Universal Tracking Solutions's Days Payable or its related term are showing as below:

UTRK's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.935
* Ranked among companies with meaningful Days Payable only.

Universal Tracking Solutions's Days Payable declined from Dec. 2010 (76.65) to Dec. 2011 (37.57). It may suggest that Universal Tracking Solutions accelerated paying its suppliers.

Universal Tracking Solutions Days Payable Historical Data

* Premium members only.

The historical data trend for Universal Tracking Solutions'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.

Universal Tracking Solutions Days Payable Chart

Universal Tracking Solutions Annual Data
Trend Dec05 Dec06 Dec07 Dec09 Dec10 Dec11
Days Payable
Get a 7-Day Free Trial 0.00 162.22 28.35 62.43 43.06

Universal Tracking Solutions Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 76.65 46.17 47.31 42.58 37.57

UTRK vs TRKK, GTXO, DGDM: Days Payable Comparison

For the Communication Equipment subindustry, Universal Tracking Solutions'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.

Universal Tracking Solutions Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Universal Tracking Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Universal Tracking Solutions's Days Payable falls into.


Universal Tracking Solutions 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.

Universal Tracking Solutions's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable (A: Dec. 2011 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2010 ) + Accounts Payable (A: Dec. 2011 )) / count ) / Cost of Goods Sold (A: Dec. 2011 )*Days in Period
=( (0.042 + 0.042) / 2 ) / 0.356*365
=0.042 / 0.356*365
=43.06

Universal Tracking Solutions's Days Payable for the quarter that ended in Dec. 2011 is calculated as:

Days Payable (Q: Dec. 2011 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2011 ) + Accounts Payable (Q: Dec. 2011 )) / count ) / Cost of Goods Sold (Q: Dec. 2011 )*Days in Period
=( (0.042 + 0.042) / 2 ) / 0.102*365 / 4
=0.042 / 0.102*365 / 4
=37.57

* 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 37.57 mean?
Universal Tracking Solutions (UTRK) has a Days Payable of 37.57 as of Dec. 2011. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Universal Tracking Solutions and its competitors.
Is Universal Tracking Solutions' Days Payable too high?
Universal Tracking Solutions' current Days Payable is 37.57. The Hardware industry median Days Payable is 69.94. Universal Tracking Solutions' value of 37.57 is 46.3% below this industry median.
How does Universal Tracking Solutions' Days Payable compare to TRKK and GTXO?
Universal Tracking Solutions' Days Payable of 37.57 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.94. Universal Tracking Solutions' value of 37.57 is 46.3% 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 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. Universal Tracking Solutions's current Days Payable of 37.57 is 46.3% 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 Universal Tracking Solutions and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Tracking Solutions's current Days Payable is 37.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Tracking Solutions stock overvalued right now?
Universal Tracking Solutions (UTRK) has a current Days Payable of 37.57. The current Days Payable is 37.57 and 46.3% below the Hardware industry median of 69.94. 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 Universal Tracking Solutions (UTRK), the current Days Payable is 37.57 as of Dec. 2011. 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.

Universal Tracking Solutions Business Description

Address 1602 N. 21st Street, Tampa, FL, USA, 33605
Universal Tracking Solutions Inc is an application-based solutions provider of telemetry tracking systems. The company specializes in fleet management, law enforcement, and finance applications as well as the motorcycle and auto industries.