ADM Tronics Unlimited (ADM Tronics Unlimited) Days Payable : 69.96 (As of Dec. 2023)

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What is ADM Tronics Unlimited Days Payable?

ADM Tronics Unlimited's average Accounts Payable for the three months ended in Dec. 2023 was $0.29 Mil. ADM Tronics Unlimited's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.38 Mil. Hence, ADM Tronics Unlimited's Days Payable for the three months ended in Dec. 2023 was 69.96.

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

ADMT' s Days Payable Range Over the Past 10 Years
Min: 38.09 Med: 62.94 Max: 70.62
Current: 60

During the past 13 years, ADM Tronics Unlimited's highest Days Payable was 70.62. The lowest was 38.09. And the median was 62.94.

ADMT's Days Payable is ranked worse than
58.91% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs ADMT: 60.00

ADM Tronics Unlimited's Days Payable increased from Dec. 2022 (53.44) to Dec. 2023 (69.96). It may suggest that ADM Tronics Unlimited delayed paying its suppliers.

ADM Tronics Unlimited Days Payable Historical Data

The historical data trend for ADM Tronics Unlimited'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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ADM Tronics Unlimited Days Payable Chart

ADM Tronics Unlimited Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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70.62

61.18

68.97

64.69

59.03

ADM Tronics Unlimited 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															53.44	68.38	62.71	46.71	69.96

Competitive Comparison of ADM Tronics Unlimited's Days Payable

For the Medical Devices subindustry, ADM Tronics Unlimited'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.

ADM Tronics Unlimited's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ADM Tronics Unlimited's Days Payable distribution charts can be found below:

* The bar in red indicates where ADM Tronics Unlimited's Days Payable falls into.

ADM Tronics Unlimited 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.

ADM Tronics Unlimited's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.33	+	0.323)	/	2 )	/	2.019	*	365
=	0.3265					/	2.019	*	365
=	59.03

ADM Tronics Unlimited'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
=	( (0.282	+	0.293)	/	2 )	/	0.375	*	365 / 4
=	0.2875					/	0.375	*	365 / 4
=	69.96

ADM Tronics Unlimited Days Payable Related Terms

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ADM Tronics Unlimited (ADM Tronics Unlimited) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ADM Tronics Unlimited Inc (OTCPK:ADMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

224 Pegasus Avenue, Northvale, NJ, USA, 07647

Website

https://www.admtronics.com

ADM Tronics Unlimited Inc is a diversified, technology-based developer and manufacturer of technologies and products in the United States. The company's operating segment includes Chemical; Electronics and Engineering. It generates maximum revenue from the Electronics segment. The Electronics segment develops and manufactures electronic technologies for non-invasive, electrotherapeutic and diagnostic medical devices as well as for veterinary and other applications. It derives revenue from the production and sale of electronics for medical devices and other applications; environmentally safe chemical products for industrial, medical and cosmetic uses; research, development, regulatory, and engineering services.