ATS (TSX:ATS) Days Payable : 103.42 (As of Sep. 2023)

View and export this data going back to 1993. Start your Free Trial

What is ATS Days Payable?

ATS's average Accounts Payable for the three months ended in Sep. 2023 was C$598 Mil. ATS's Cost of Goods Sold for the three months ended in Sep. 2023 was C$527 Mil. Hence, ATS's Days Payable for the three months ended in Sep. 2023 was 103.42.

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

TSX:ATS' s Days Payable Range Over the Past 10 Years
Min: 87.06 Med: 93.57 Max: 115.51
Current: 103.2

During the past 13 years, ATS's highest Days Payable was 115.51. The lowest was 87.06. And the median was 93.57.

TSX:ATS's Days Payable is ranked better than
64.61% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs TSX:ATS: 103.20

ATS's Days Payable declined from Sep. 2022 (110.69) to Sep. 2023 (103.42). It may suggest that ATS accelerated paying its suppliers.

ATS Days Payable Historical Data

The historical data trend for ATS'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.

ATS Days Payable Chart

ATS Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

97.54

93.55

115.51

101.15

113.26

ATS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															110.69	104.11	104.31	105.12	103.42

Competitive Comparison of ATS's Days Payable

For the Specialty Industrial Machinery subindustry, ATS'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.

ATS's Days Payable Distribution in the Industrial Products Industry

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

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

ATS 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.

ATS's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (501.465	+	647.629)	/	2 )	/	1851.574	*	365
=	574.547					/	1851.574	*	365
=	113.26

ATS's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (598.672	+	596.528)	/	2 )	/	527.298	*	365 / 4
=	597.6					/	527.298	*	365 / 4
=	103.42

ATS Days Payable Related Terms

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

ATS (TSX:ATS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ATS Corp (TSX:ATS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ATS:USA

Address

730 Fountain Street North, Building 2, Cambridge, ON, CAN, N3H 4R7

Website

https://www.atsautomation.com

ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.