AMETEK (AMETEK) Days Payable

: 41.02 (As of Dec. 2023)

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AMETEK's average Accounts Payable for the three months ended in Dec. 2023 was $502 Mil. AMETEK's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,116 Mil. Hence, AMETEK's Days Payable for the three months ended in Dec. 2023 was 41.02.

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

AME' s Days Payable Range Over the Past 10 Years
Min: 41.72 Med: 46.43 Max: 52.39
Current: 43.57

During the past 13 years, AMETEK's highest Days Payable was 52.39. The lowest was 41.72. And the median was 46.43.

AME's Days Payable is ranked worse than
75.85% of 2928 companies
in the Industrial Products industry
Industry Median: 76.15 vs AME: 43.57

AMETEK's Days Payable declined from Dec. 2022 (43.81) to Dec. 2023 (41.02). It may suggest that AMETEK accelerated paying its suppliers.

AMETEK Days Payable Historical Data

The historical data trend for AMETEK'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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AMETEK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.06

44.92

41.72

44.08

43.92

AMETEK 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															43.81	45.65	43.92	43.54	41.02

Competitive Comparison

For the Specialty Industrial Machinery subindustry, AMETEK'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.

AMETEK Days Payable Distribution

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

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

AMETEK 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.

AMETEK'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
=	( (497.134	+	516.588)	/	2 )	/	4212.485	*	365
=	506.861					/	4212.485	*	365
=	43.92

AMETEK'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
=	( (486.581	+	516.588)	/	2 )	/	1115.85	*	365 / 4
=	501.5845					/	1115.85	*	365 / 4
=	41.02

AMETEK Days Payable Related Terms

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AMETEK (AMETEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (NYSE:AME) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AME:Mexico AK1:Germany AK1:Germany A1ME34:Brazil

Address

1100 Cassatt Road, Berwyn, PA, USA, 19312-1177

Website

https://www.ametek.com

Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.

Executives

David A Zapico	officer: Pres. - Electronic Instruments	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Steven W Kohlhagen	director	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
William Joseph Burke	officer: SR. VP-Comptroller & Treasurer	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Emanuela Speranza	officer: CHIEF COMMERCIAL OFFICER	1100 CASSATT ROAD, BERWYN PA 19312
Anthony James Conti	director	76 GOLFVIEW DRIVE, IVYLAND PA 18974
Thomas A Amato	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Ronald J Oscher	officer: PRES. - ELECTRONIC INSTRUMENTS	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Gretchen W Mcclain	director	XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Thomas C Marecic	officer: PRES. - ELECTRONIC INSTRUMENTS	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Thomas M Montgomery	officer: SR. VP. - COMPTROLLER	AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
John Wesley Hardin	officer: PRES. - ELECTRONIC INSTRUMENTS	AMETEK,INC., 1100 CASSATT ROAD, BERWYN PA 19312
David F. Hermance	officer: PRESIDENT - ELECTROMECHANICAL	1100 CASSATT ROAD, BERWYN PA 19312
Suzanne Stefany	director	JELD-WEN HOLDING, INC., 440 S. CHURCH STREET, SUITE 400, CHARLOTTE NC 28202
Dean Seavers	director	70 SUFFOLK ROAD, CHESTNUT HILL MA 02467
Ruby R Chandy	director	630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062