StarragTornos Group AG (StarragTornos Group AG) Days Payable : 56.03 (As of Dec. 2023)

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What is StarragTornos Group AG Days Payable?

StarragTornos Group AG's average Accounts Payable for the six months ended in Dec. 2023 was $30.4 Mil. StarragTornos Group AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $98.9 Mil. Hence, StarragTornos Group AG's Days Payable for the six months ended in Dec. 2023 was 56.03.

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

SRBGF' s Days Payable Range Over the Past 10 Years
Min: 38.49 Med: 59.54 Max: 157.15
Current: 51.4

During the past 13 years, StarragTornos Group AG's highest Days Payable was 157.15. The lowest was 38.49. And the median was 59.54.

SRBGF's Days Payable is ranked worse than
68.78% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs SRBGF: 51.40

StarragTornos Group AG's Days Payable increased from Dec. 2022 (41.08) to Dec. 2023 (56.03). It may suggest that StarragTornos Group AG delayed paying its suppliers.

StarragTornos Group AG Days Payable Historical Data

The historical data trend for StarragTornos Group AG'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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StarragTornos Group AG Days Payable Chart

StarragTornos Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.47

46.25

39.26

44.14

59.18

StarragTornos Group AG 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															33.14	42.01	41.08	36.67	56.03

Competitive Comparison of StarragTornos Group AG's Days Payable

For the Specialty Industrial Machinery subindustry, StarragTornos Group AG'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.

StarragTornos Group AG's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where StarragTornos Group AG's Days Payable falls into.

StarragTornos Group AG 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.

StarragTornos Group AG'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
=	( (23.289	+	43.126)	/	2 )	/	204.826	*	365
=	33.2075					/	204.826	*	365
=	59.18

StarragTornos Group AG'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
=	( (17.596	+	43.126)	/	2 )	/	98.891	*	365 / 2
=	30.361					/	98.891	*	365 / 2
=	56.03

StarragTornos Group AG Days Payable Related Terms

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StarragTornos Group AG (StarragTornos Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StarragTornos Group AG (OTCPK:SRBGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STGNz:UK STGN:Switzerland

Address

Seebleichestrasse 61, Rorschacherberg, CHE, 9404

Website

https://www.starrag.com

StarragTornos Group AG is engaged in the manufactures of high-precision machining tools for milling turning, boring and grinding workpieces of metallic, ceramic, and composite materials. Its customers include aerospace, energy, transportation, and industrial sector companies. Geographically, it has a presence in Europe; Asia and the Americas. Its products are marketed under brands Berthiez, Bumotec, Droop+Rein, Heckert, Scharmann, SIP, Starrag and TTL.

StarragTornos Group AG (StarragTornos Group AG) Headlines

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