Omega Flex (Omega Flex) Days Payable : 22.31 (As of Mar. 2024)

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What is Omega Flex Days Payable?

Omega Flex's average Accounts Payable for the three months ended in Mar. 2024 was $2.5 Mil. Omega Flex's Cost of Goods Sold for the three months ended in Mar. 2024 was $10.1 Mil. Hence, Omega Flex's Days Payable for the three months ended in Mar. 2024 was 22.31.

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

OFLX' s Days Payable Range Over the Past 10 Years
Min: 18.03 Med: 22.48 Max: 24.45
Current: 18.03

During the past 13 years, Omega Flex's highest Days Payable was 24.45. The lowest was 18.03. And the median was 22.48.

OFLX's Days Payable is ranked worse than
95.77% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs OFLX: 18.03

Omega Flex's Days Payable increased from Mar. 2023 (17.43) to Mar. 2024 (22.31). It may suggest that Omega Flex delayed paying its suppliers.

Omega Flex Days Payable Historical Data

The historical data trend for Omega Flex'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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Omega Flex Days Payable Chart

Omega Flex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.03

22.57

21.93

21.83

18.55

Omega Flex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															17.43	17.80	14.44	14.57	22.31

Competitive Comparison of Omega Flex's Days Payable

For the Specialty Industrial Machinery subindustry, Omega Flex'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.

Omega Flex's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Omega Flex's Days Payable falls into.

Omega Flex 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.

Omega Flex'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
=	( (2.29	+	2.09)	/	2 )	/	43.1	*	365
=	2.19					/	43.1	*	365
=	18.55

Omega Flex's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.09	+	2.857)	/	2 )	/	10.117	*	365 / 4
=	2.4735					/	10.117	*	365 / 4
=	22.31

Omega Flex Days Payable Related Terms

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Omega Flex (Omega Flex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omega Flex Inc (NAS:OFLX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Creamery Way, Exton, PA, USA, 19341-2509

Website

https://www.omegaflexcorp.com

Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

Executives

Susan B. Asch	officer: General Counsel & Secretary	451 CREAMERY WAY, EXTON PA 19341
Matthew Francis Unger	officer: Vice President - CFO	C/O OMEGA FLEX, INC., 451 CREAMERY WAY, EXTON PA 19341
Dean W. Rivest	officer: President	451 CREAMERY WAY, EXTON PA 19341
Edwin B. Moran	officer: Executive Vice President	451 CREAMERY WAY, EXTON PA 19341
Timothy P. Scanlan	officer: Secretary	213 COURT STREET, MIDDLETOWN CT 06457
Mark F Albino	director, officer: COO & Exec VP	451 CREAMERY WAY, EXTON PA 19341
Stewart B Reed	director	260 NORTH ELM STREET, WESTFIELD MA 01085
Kevin R Hoben	director, 10 percent owner, officer: President	451 CREAMERY WAY, EXTON PA 19341
Derek Glanvill	director	10088 CARTERS MANOR DRIVE, LADUE MO 63124
Omega Flex, Inc.	officer: Sr. Vice President	451 CREAMERY WAY, EXTON PA 19341
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Paul James Kane	officer: VP - Finance	1085 NICOLE DRIVE, NEWTOWN SQUARE PA 19073
Steven A Treichel	director	451 CREAMERY WAY, EXTON PA 19341
Reed Estate Of John E	10 percent owner	260 NORTH ELM STREET, WESTFIELD MA 01085
David K Evans	director	517 PYLON DRIVE, RALEIGH NC 27606