Ekotechnika AG (XTER:ETE) Days Payable : 22.72 (As of Sep. 2023)

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What is Ekotechnika AG Days Payable?

Ekotechnika AG's average Accounts Payable for the six months ended in Sep. 2023 was €7.3 Mil. Ekotechnika AG's Cost of Goods Sold for the six months ended in Sep. 2023 was €58.5 Mil. Hence, Ekotechnika AG's Days Payable for the six months ended in Sep. 2023 was 22.72.

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

XTER:ETE' s Days Payable Range Over the Past 10 Years
Min: 26.25 Med: 79.78 Max: 114
Current: 26.25

During the past 9 years, Ekotechnika AG's highest Days Payable was 114.00. The lowest was 26.25. And the median was 79.78.

XTER:ETE's Days Payable is not ranked
in the Farm & Heavy Construction Machinery industry.
Industry Median: 71.475 vs XTER:ETE: 26.25

Ekotechnika AG's Days Payable declined from Sep. 2022 (47.27) to Sep. 2023 (22.72). It may suggest that Ekotechnika AG accelerated paying its suppliers.

Ekotechnika AG Days Payable Historical Data

The historical data trend for Ekotechnika 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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Ekotechnika AG Days Payable Chart

Ekotechnika AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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114.00

101.42

79.78

57.36

26.27

Ekotechnika AG Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial													80.30	98.90	47.27	29.67	22.72

Competitive Comparison of Ekotechnika AG's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Ekotechnika 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.

Ekotechnika AG's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ekotechnika AG's Days Payable distribution charts can be found below:

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

Ekotechnika 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.

Ekotechnika AG's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (11.059	+	6.042)	/	2 )	/	118.803	*	365
=	8.5505					/	118.803	*	365
=	26.27

Ekotechnika AG's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.534	+	6.042)	/	2 )	/	58.535	*	365 / 2
=	7.288					/	58.535	*	365 / 2
=	22.72

Ekotechnika AG Days Payable Related Terms

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Ekotechnika AG (XTER:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekotechnika AG (XTER:ETE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190

Website

https://www.ekotechnika.de

Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.

Executives

Lars Bjarne Buwitt

Supervisory Board

Ekotechnika AG (XTER:ETE) Headlines

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