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GuruFocus has detected 1 Warning Sign with Astec Industries Inc $ASTE.
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Astec Industries Inc (NAS:ASTE)
Days Payable
27.76 (As of Mar. 2017)

Astec Industries Inc's payable for the three months ended in Mar. 2017 was $74 Mil. Astec Industries Inc's cost of goods sold for the three months ended in Mar. 2017 was $243 Mil. Hence, Astec Industries Inc's days payable for the three months ended in Mar. 2017 was 27.76.

ASTE' s Days Payable Range Over the Past 10 Years
Min: 22.68   Max: 30.36
Current: 29.34

22.68
30.36

During the past 13 years, Astec Industries Inc's highest Days Payable was 30.36. The lowest was 22.68. And the median was 24.44.

ASTE's Days Payable is ranked lower than
85% of the 107 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 71.10 vs. ASTE: 29.34 )

Astec Industries Inc's days payable increased from Mar. 2016 (24.80) to Mar. 2017 (27.76). It may suggest that Astec Industries Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Astec Industries Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=57.297/882.162*365
=23.71

Astec Industries Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=73.806/242.63*365 / 4
=27.76

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Astec Industries Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 30.3625.1722.6828.8728.8923.1623.0529.2823.1123.71

Astec Industries Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 29.8627.1323.2625.4826.0324.8022.5125.3819.9527.76
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