Traffic Technologies (ASX:TTI) Days Payable : 189.37 (As of Dec. 2023)

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What is Traffic Technologies Days Payable?

Traffic Technologies's average Accounts Payable for the six months ended in Dec. 2023 was A$10.80 Mil. Traffic Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$10.41 Mil. Hence, Traffic Technologies's Days Payable for the six months ended in Dec. 2023 was 189.37.

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

ASX:TTI' s Days Payable Range Over the Past 10 Years
Min: 59.39 Med: 78.59 Max: 174.67
Current: 174.67

During the past 13 years, Traffic Technologies's highest Days Payable was 174.67. The lowest was 59.39. And the median was 78.59.

ASX:TTI's Days Payable is ranked better than
91.98% of 935 companies
in the Transportation industry
Industry Median: 38.78 vs ASX:TTI: 174.67

Traffic Technologies's Days Payable increased from Dec. 2022 (90.50) to Dec. 2023 (189.37). It may suggest that Traffic Technologies delayed paying its suppliers.

Traffic Technologies Days Payable Historical Data

The historical data trend for Traffic Technologies'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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Traffic Technologies Days Payable Chart

Traffic Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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78.24

89.44

59.39

73.74

78.94

Traffic Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															75.39	130.52	90.50	145.64	189.37

Competitive Comparison of Traffic Technologies's Days Payable

For the Railroads subindustry, Traffic Technologies'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.

Traffic Technologies's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Traffic Technologies's Days Payable distribution charts can be found below:

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

Traffic Technologies 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.

Traffic Technologies's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (6.927	+	9.066)	/	2 )	/	36.972	*	365
=	7.9965					/	36.972	*	365
=	78.94

Traffic Technologies'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9.066	+	12.542)	/	2 )	/	10.412	*	365 / 2
=	10.804					/	10.412	*	365 / 2
=	189.37

Traffic Technologies Days Payable Related Terms

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Traffic Technologies (ASX:TTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Traffic Technologies Ltd (ASX:TTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Brisbane Street, Eltham, Melbourne, VIC, AUS, 3095

Website

https://www.trafficltd.com.au

Traffic Technologies Ltd is engaged in designing, manufacturing, and installation of traffic signals, traffic controllers, pedestrian countdown timers, electronic road signs, emergency telephones, portable roadside technology, and road lighting products. The Group has only one business segment: Traffic Products.