ADFS (American Defense Systems) Days Payable: 260.53 (As of Sep. 2012)


What is American Defense Systems Days Payable?

American Defense Systems ADFS Days Payable is 260.53 as of Sep. 2012.

American Defense Systems's average Accounts Payable for the three months ended in Sep. 2012 was $2.59 Mil. American Defense Systems's Cost of Goods Sold for the three months ended in Sep. 2012 was $0.91 Mil. Hence, American Defense Systems's Days Payable for the three months ended in Sep. 2012 was 260.53.

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

ADFS's Days Payable is not ranked *
in the Aerospace & Defense industry.
Industry Median: 65.05
* Ranked among companies with meaningful Days Payable only.

American Defense Systems's Days Payable increased from Sep. 2011 (182.30) to Sep. 2012 (260.53). It may suggest that American Defense Systems delayed paying its suppliers.

American Defense Systems Days Payable Historical Data

* Premium members only.

The historical data trend for American Defense Systems'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.

American Defense Systems Days Payable Chart

American Defense Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Days Payable
Get a 7-Day Free Trial 71.84 57.95 49.36 84.17 213.63

American Defense Systems Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 182.30 240.73 196.59 303.88 260.53

ADFS vs ASDN, MKRS, PSSR: Days Payable Comparison

For the Aerospace & Defense subindustry, American Defense Systems'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.

American Defense Systems Days Payable vs Aerospace & Defense Industry

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

* The bar in red indicates where American Defense Systems's Days Payable falls into.


American Defense Systems 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.

American Defense Systems's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable (A: Dec. 2011 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2010 ) + Accounts Payable (A: Dec. 2011 )) / count ) / Cost of Goods Sold (A: Dec. 2011 )*Days in Period
=( (3.178 + 3.06) / 2 ) / 5.329*365
=3.119 / 5.329*365
=213.63

American Defense Systems's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

Days Payable (Q: Sep. 2012 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2012 ) + Accounts Payable (Q: Sep. 2012 )) / count ) / Cost of Goods Sold (Q: Sep. 2012 )*Days in Period
=( (2.748 + 2.437) / 2 ) / 0.908*365 / 4
=2.5925 / 0.908*365 / 4
=260.53

* 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 260.53 mean?
American Defense Systems (ADFS) has a Days Payable of 260.53 as of Sep. 2012. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on American Defense Systems and its competitors.
Is American Defense Systems' Days Payable too high?
American Defense Systems' current Days Payable is 260.53. The Aerospace & Defense industry median Days Payable is 65.05. American Defense Systems' value of 260.53 is 300.5% above this industry median.
How does American Defense Systems' Days Payable compare to ASDN and MKRS?
American Defense Systems' Days Payable of 260.53 can be compared against companies in the Aerospace & Defense industry. The industry median Days Payable is 65.05. American Defense Systems' value of 260.53 is 300.5% 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 Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 65.05, based on 337 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. American Defense Systems's current Days Payable of 260.53 is 300.5% 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 American Defense Systems and its competitors. For the Aerospace & Defense industry, the median Days Payable is 65.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Defense Systems's current Days Payable is 260.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Defense Systems stock overvalued right now?
American Defense Systems (ADFS) has a current Days Payable of 260.53. The current Days Payable is 260.53 and 300.5% above the Aerospace & Defense industry median of 65.05. 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 American Defense Systems (ADFS), the current Days Payable is 260.53 as of Sep. 2012. 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.

American Defense Systems Business Description

Address 3440 Toringdon way, suite 205, Room 218, Charlotte, NC, USA, 28277
American Defense Systems Inc is a defense and security products company engaged in three business areas: customized transparent and opaque armor solutions; architectural hardening and perimeter defense and tactical training products and services. It serves US government agencies, general contractors and other commercial and private entities operating in high-threat locations.