TAT Technologies (TAT Technologies) Days Payable : 34.03 (As of Dec. 2023)

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What is TAT Technologies Days Payable?

TAT Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $9.3 Mil. TAT Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.9 Mil. Hence, TAT Technologies's Days Payable for the three months ended in Dec. 2023 was 34.03.

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

TATT' s Days Payable Range Over the Past 10 Years
Min: 32.74 Med: 40.36 Max: 65.57
Current: 36.74

During the past 13 years, TAT Technologies's highest Days Payable was 65.57. The lowest was 32.74. And the median was 40.36.

TATT's Days Payable is ranked worse than
81.14% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.75 vs TATT: 36.74

TAT Technologies's Days Payable declined from Dec. 2022 (49.23) to Dec. 2023 (34.03). It may suggest that TAT Technologies accelerated paying its suppliers.

TAT Technologies Days Payable Historical Data

The historical data trend for TAT 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.

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TAT Technologies Days Payable Chart

TAT Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.62

65.57

58.32

51.39

40.41

TAT Technologies 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															49.23	42.11	36.69	31.47	34.03

Competitive Comparison of TAT Technologies's Days Payable

For the Aerospace & Defense subindustry, TAT 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.

TAT Technologies's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TAT Technologies's Days Payable distribution charts can be found below:

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

TAT 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.

TAT 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
=	( (10.233	+	9.988)	/	2 )	/	91.326	*	365
=	10.1105					/	91.326	*	365
=	40.41

TAT 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
=	( (8.558	+	9.988)	/	2 )	/	24.868	*	365 / 4
=	9.273					/	24.868	*	365 / 4
=	34.03

TAT Technologies Days Payable Related Terms

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TAT Technologies (TAT Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » TAT Technologies Ltd (NAS:TATT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TATT:Israel

Address

Hamelacha 5, Netanya, ISR, 4250540

Website

https://www.tat-technologies.com

TAT Technologies Ltd is a provider of solutions and services to the aerospace and defence industries focused mainly on the four segments: Original equipment manufacturing (OEM); MRO services for heat transfer; MRO services for aviation components; Overhaul and coating of jet engine components. The company design, develop and manufacture Heat Exchangers, Cooling Systems, Cold Plates, Vapor-Cycle Air Conditioning Systems (for both land and airborne applications) and flow accessories.