Array Technologies (Array Technologies) Days Payable

: 51.62 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

Array Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $146 Mil. Array Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $257 Mil. Hence, Array Technologies's Days Payable for the three months ended in Dec. 2023 was 51.62.

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

ARRY' s Days Payable Range Over the Past 10 Years
Min: 33.61 Med: 43.36 Max: 60.77
Current: 53.84

During the past 6 years, Array Technologies's highest Days Payable was 60.77. The lowest was 33.61. And the median was 43.36.

ARRY's Days Payable is ranked better than
51.87% of 960 companies
in the Semiconductors industry
Industry Median: 51.635 vs ARRY: 53.84

Array Technologies's Days Payable declined from Dec. 2022 (51.95) to Dec. 2023 (51.62). It may suggest that Array Technologies accelerated paying its suppliers.

Array Technologies Days Payable Historical Data

The historical data trend for Array Technologies'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.

* Premium members only.

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

60.77

60.07

41.15

33.61

45.57

Array Technologies Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																51.95	61.42	49.65	62.50	51.62

Competitive Comparison

For the Solar subindustry, Array Technologies'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.

Array Technologies Days Payable Distribution

For the Semiconductors industry and Technology sector, Array Technologies's Days Payable distribution charts can be found below:

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

Array Technologies 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.

Array Technologies'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
=	( (170.43	+	119.498)	/	2 )	/	1161	*	365
=	144.964					/	1161	*	365
=	45.57

Array Technologies'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
=	( (171.73	+	119.498)	/	2 )	/	257.386	*	365 / 4
=	145.614					/	257.386	*	365 / 4
=	51.62

Array Technologies Days Payable Related Terms

Thank you for viewing the detailed overview of Array Technologies's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Array Technologies (Array Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (NAS:ARRY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9AY:Germany 9AY:Germany

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

Executives

Tyson Hottinger	officer: Chief Legal Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Nipul M. Patel	officer: Chief Financial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Neil Manning	officer: Chief Operations Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Thierry Marin-martinod	officer: Chief Technology Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Tracy C Jokinen	director	5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343
Kenneth R. Stacherski	officer: Chief Operations Officer	500 W MONROE, CHICAGO IL 60661
Gerrard Schmid	director	C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Terrance L Collins	officer: Chief Human Resources Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500, LINCOLNSHIRE IL 60069
Erica Brinker	officer: Chief Commercial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Kevin G. Hostetler	director, officer: Chief Executive Officer	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Paulo Almirante	director	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Travis Rose	officer: Chief Revenue Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Bilal Khan	director	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jayanthi Iyengar	director	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Ati Investment Parent, Llc	10 percent owner	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109