Cemtrex (Cemtrex) Days Payable : 48.71 (As of Dec. 2023)

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What is Cemtrex Days Payable?

Cemtrex's average Accounts Payable for the three months ended in Dec. 2023 was $5.23 Mil. Cemtrex's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.80 Mil. Hence, Cemtrex's Days Payable for the three months ended in Dec. 2023 was 48.71.

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

CETX' s Days Payable Range Over the Past 10 Years
Min: 18.75 Med: 48.71 Max: 179.38
Current: 40.42

During the past 13 years, Cemtrex's highest Days Payable was 179.38. The lowest was 18.75. And the median was 48.71.

CETX's Days Payable is ranked worse than
57.31% of 2523 companies
in the Software industry
Industry Median: 51.48 vs CETX: 40.42

Cemtrex's Days Payable increased from Dec. 2022 (38.28) to Dec. 2023 (48.71). It may suggest that Cemtrex delayed paying its suppliers.

Cemtrex Days Payable Historical Data

The historical data trend for Cemtrex'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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Cemtrex Days Payable Chart

Cemtrex Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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87.05

63.76

63.10

46.84

50.58

Cemtrex 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															38.28	31.62	38.93	46.67	48.71

Competitive Comparison of Cemtrex's Days Payable

For the Software - Infrastructure subindustry, Cemtrex'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.

Cemtrex's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Cemtrex's Days Payable distribution charts can be found below:

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

Cemtrex 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.

Cemtrex'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
=	( (3.07	+	6.265)	/	2 )	/	33.683	*	365
=	4.6675					/	33.683	*	365
=	50.58

Cemtrex'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
=	( (6.265	+	4.193)	/	2 )	/	9.796	*	365 / 4
=	5.229					/	9.796	*	365 / 4
=	48.71

Cemtrex Days Payable Related Terms

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Cemtrex (Cemtrex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cemtrex Inc (NAS:CETX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CETXP.PFD:USA C42:Germany

Address

135 Fell Ct. Hauppaug, New York, NY, USA, 11222

Website

https://www.cemtrex.com

Cemtrex Inc is a multi-industry technology company. It has expanded in a range of sectors, including smart technologies, virtual and augmented realities, industrial solutions, and intelligent security system. The company's operating segment includes the Security segment, Industrial Services segment and the Corporate segment. It generates maximum revenue from the Security segment. It geographically operates in USA, UK and India wherein maximum revenue is generated in USA.

Executives

Saagar Govil	director, officer: Secretary and Director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Renato Dela Rama	officer: VP of Finance /CFO	19 ENGINEERS LANE, FARMINGDALE NY 11735
Shamik Shah	director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Ducon Technologies, Inc.	other: See remarks	19 ENGINEERS LANE, FARMINGDALE NY 11735
Sunny Patel	director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Metodi Filipov	director, officer: Vice President Operations	19 ENGINEERS LANE, FARMINGDALE NY 11735
Arun Govil	director, officer: See Remarks	19 ENGINEERS LANE, FARMINGDALE NY 11735
Rama Rehato Dela	director, officer: Vice President and Director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Ravi Narayan	director, officer: VICE PRESIDENT AND DIRECTOR	19 ENGINEERS LANE, FARMINGDALE NY 11735