Astronics (Astronics) Days Payable : 38.39 (As of Dec. 2023)

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What is Astronics Days Payable?

Astronics's average Accounts Payable for the three months ended in Dec. 2023 was $65.3 Mil. Astronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $155.3 Mil. Hence, Astronics's Days Payable for the three months ended in Dec. 2023 was 38.39.

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

ATROB' s Days Payable Range Over the Past 10 Years
Min: 19.64 Med: 26.37 Max: 43.41
Current: 43.41

During the past 13 years, Astronics's highest Days Payable was 43.41. The lowest was 19.64. And the median was 26.37.

ATROB's Days Payable is ranked worse than
72.05% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.75 vs ATROB: 43.41

Astronics's Days Payable declined from Dec. 2022 (39.20) to Dec. 2023 (38.39). It may suggest that Astronics accelerated paying its suppliers.

Astronics Days Payable Historical Data

The historical data trend for Astronics'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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Astronics Days Payable Chart

Astronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.61

28.02

29.48

39.01

40.24

Astronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															39.20	45.07	46.06	47.90	38.39

Competitive Comparison of Astronics's Days Payable

For the Aerospace & Defense subindustry, Astronics'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.

Astronics's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Astronics's Days Payable distribution charts can be found below:

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

Astronics 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.

Astronics'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
=	( (64.193	+	61.134)	/	2 )	/	568.41	*	365
=	62.6635					/	568.41	*	365
=	40.24

Astronics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (69.561	+	61.134)	/	2 )	/	155.319	*	365 / 4
=	65.3475					/	155.319	*	365 / 4
=	38.39

Astronics Days Payable Related Terms

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Astronics (Astronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astronics Corp (OTCPK:ATROB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ATRO:USA AC1:Germany AC1:Germany

Address

130 Commerce Way, East Aurora, NY, USA, 14052

Website

https://www.astronics.com

Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.