AATGF (ATI Airtest Technologies) Days Payable: 902.70 (As of Sep. 2024)

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What is ATI Airtest Technologies Days Payable?

ATI Airtest Technologies AATGF Days Payable is 902.70 as of Sep. 2024.

ATI Airtest Technologies's average Accounts Payable for the three months ended in Sep. 2024 was $1.20 Mil. ATI Airtest Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.12 Mil. Hence, ATI Airtest Technologies's Days Payable for the three months ended in Sep. 2024 was 902.70.

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

AATGF's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.04
* Ranked among companies with meaningful Days Payable only.

ATI Airtest Technologies's Days Payable increased from Sep. 2023 (898.13) to Sep. 2024 (902.70). It may suggest that ATI Airtest Technologies delayed paying its suppliers.

ATI Airtest Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for ATI Airtest 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.

ATI Airtest Technologies Days Payable Chart

ATI Airtest Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 245.11 311.43 448.68 454.86 335.50

ATI Airtest Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 898.13 136.42 816.11 727.94 902.70

AATGF vs ETN, PH, ITW: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, ATI Airtest 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.

ATI Airtest Technologies Days Payable vs Industrial Products Industry

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

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


ATI Airtest 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.

ATI Airtest 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
=( (1.387 + 1.433) / 2 ) / 1.534*365
=1.41 / 1.534*365
=335.50

ATI Airtest Technologies's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (1.205 + 1.189) / 2 ) / 0.121*365 / 4
=1.197 / 0.121*365 / 4
=902.70

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 902.70 mean?
ATI Airtest Technologies (AATGF) has a Days Payable of 902.70 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ATI Airtest Technologies and its competitors.
Is ATI Airtest Technologies' Days Payable too high?
ATI Airtest Technologies' current Days Payable is 902.70. The Industrial Products industry median Days Payable is 78.04. ATI Airtest Technologies' value of 902.70 is 1056.7% above this industry median.
How does ATI Airtest Technologies' Days Payable compare to ETN and PH?
ATI Airtest Technologies' Days Payable of 902.70 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.04. ATI Airtest Technologies' value of 902.70 is 1056.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.04, based on 2,993 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ATI Airtest Technologies's current Days Payable of 902.70 is 1056.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ATI Airtest Technologies and its competitors. For the Industrial Products industry, the median Days Payable is 78.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATI Airtest Technologies's current Days Payable is 902.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATI Airtest Technologies stock overvalued right now?
ATI Airtest Technologies (AATGF) has a current Days Payable of 902.70. The current Days Payable is 902.70 and 1056.7% above the Industrial Products industry median of 78.04. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For ATI Airtest Technologies (AATGF), the current Days Payable is 902.70 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ATI Airtest Technologies Business Description

Address 1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration.