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Astec Industries Inc (NAS:ASTE)
Days Payable
22.51 (As of Jun. 2016)

Astec Industries Inc's payable for the three months ended in Jun. 2016 was $54.5 Mil. Astec Industries Inc's cost of goods sold for the three months ended in Jun. 2016 was $220.9 Mil. Hence, Astec Industries Inc's days payable for the three months ended in Jun. 2016 was 22.51.

ASTE' s Days Payable Range Over the Past 10 Years
Min: 22.68   Max: 30.36
Current: 26.05

22.68
30.36

During the past 13 years, Astec Industries Inc's highest Days Payable was 30.36. The lowest was 22.68. And the median was 26.91.

ASTE's Days Payable is ranked lower than
87% of the 104 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 70.44 vs. ASTE: 26.05 )

Astec Industries Inc's days payable declined from Jun. 2015 (23.26) to Jun. 2016 (22.51). It may suggest that Astec Industries Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Astec Industries Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=48.385/764.314*365
=23.11

Astec Industries Inc's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=54.498/220.942*365 / 4
=22.51

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Astec Industries Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 28.6530.3625.1722.6828.8728.8923.1623.0529.2823.11

Astec Industries Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 29.7824.4327.3629.8627.1323.2625.4826.0324.8022.51
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