Key Tronic (FRA:KT1) Days Payable : 59.68 (As of Mar. 2024)

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What is Key Tronic Days Payable?

Key Tronic's average Accounts Payable for the three months ended in Mar. 2024 was €79.7 Mil. Key Tronic's Cost of Goods Sold for the three months ended in Mar. 2024 was €121.9 Mil. Hence, Key Tronic's Days Payable for the three months ended in Mar. 2024 was 59.68.

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

FRA:KT1' s Days Payable Range Over the Past 10 Years
Min: 38.56 Med: 60.45 Max: 80.1
Current: 69.22

During the past 13 years, Key Tronic's highest Days Payable was 80.10. The lowest was 38.56. And the median was 60.45.

FRA:KT1's Days Payable is ranked better than
51.22% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs FRA:KT1: 69.22

Key Tronic's Days Payable declined from Mar. 2023 (83.27) to Mar. 2024 (59.68). It may suggest that Key Tronic accelerated paying its suppliers.

Key Tronic Days Payable Historical Data

The historical data trend for Key Tronic'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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Key Tronic Days Payable Chart

Key Tronic Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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62.59

67.64

68.39

75.76

81.12

Key Tronic 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															83.27	76.55	71.92	66.64	59.68

Competitive Comparison of Key Tronic's Days Payable

For the Computer Hardware subindustry, Key Tronic'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.

Key Tronic's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Key Tronic's Days Payable distribution charts can be found below:

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

Key Tronic 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.

Key Tronic'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
=	( (114.838	+	106.975)	/	2 )	/	499.032	*	365
=	110.9065					/	499.032	*	365
=	81.12

Key Tronic'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
=	( (83.775	+	75.622)	/	2 )	/	121.85	*	365 / 4
=	79.6985					/	121.85	*	365 / 4
=	59.68

Key Tronic Days Payable Related Terms

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Key Tronic (FRA:KT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Key Tronic Corp (FRA:KT1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KTCC:USA

Address

4424 North Sullivan Road, Spokane Valley, WA, USA, 99216

Website

https://www.keytronic.com

Key Tronic Corp is an electronic manufacturing service provider. The company provides electronic manufacturing services to original equipment manufacturers in the United States and globally. Its primary services include integrated electronic and mechanical engineering, precision plastic molding, sheet metal fabrication, printed circuit board (PCB) and complete product assembly, component selection, sourcing and procurement, logistics, and new product testing and production. The firm derives a majority of its revenue from the United States.

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