Addvantage Technologies Group (Addvantage Technologies Group) Days Payable : 78.62 (As of Sep. 2023)

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What is Addvantage Technologies Group Days Payable?

Addvantage Technologies Group's average Accounts Payable for the three months ended in Sep. 2023 was $6.46 Mil. Addvantage Technologies Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $7.50 Mil. Hence, Addvantage Technologies Group's Days Payable for the three months ended in Sep. 2023 was 78.62.

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

AEYGQ' s Days Payable Range Over the Past 10 Years
Min: 23.53 Med: 37.03 Max: 70
Current: 70

During the past 13 years, Addvantage Technologies Group's highest Days Payable was 70.00. The lowest was 23.53. And the median was 37.03.

AEYGQ's Days Payable is ranked better than
51.9% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs AEYGQ: 70.00

Addvantage Technologies Group's Days Payable increased from Sep. 2022 (51.40) to Sep. 2023 (78.62). It may suggest that Addvantage Technologies Group delayed paying its suppliers.

Addvantage Technologies Group Days Payable Historical Data

The historical data trend for Addvantage Technologies Group'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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Addvantage Technologies Group Days Payable Chart

Addvantage Technologies Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Days Payable

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60.90

35.18

38.88

41.69

43.36

Addvantage Technologies Group 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															51.40	59.17	73.31	77.14	78.62

Competitive Comparison of Addvantage Technologies Group's Days Payable

For the Electronics & Computer Distribution subindustry, Addvantage Technologies Group'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.

Addvantage Technologies Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Addvantage Technologies Group's Days Payable distribution charts can be found below:

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

Addvantage Technologies Group 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.

Addvantage Technologies Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7.044	+	9.407)	/	2 )	/	69.239	*	365
=	8.2255					/	69.239	*	365
=	43.36

Addvantage Technologies Group'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
=	( (6.151	+	6.777)	/	2 )	/	7.502	*	365 / 4
=	6.464					/	7.502	*	365 / 4
=	78.62

Addvantage Technologies Group Days Payable Related Terms

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Addvantage Technologies Group (Addvantage Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Addvantage Technologies Group Inc (OTCPK:AEYGQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1430 Bradley Lane, Suite 196, Carrollton, TX, USA, 75007

Website

http://www.addvantagetechnologies.com

Addvantage Technologies Group Inc is a communications infrastructure services and equipment provider operating a diversified group of companies through its Wireless Infrastructure Services and Telecommunications segments. Its Wireless Infrastructure Services segment provides turn-key wireless services including the installation, modification and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners and major equipment manufacturers. Its Telecommunications segment sell equipment used to acquire, distribute, and protect the communications signals. The Telecommunications segment generates maximum revenue for the company.

Executives

Timothy Scott Harden	director	5729 LEBANON ROAD, SUITE 144411, FRISCO TX 75034
Jim Mcgill	director	2121 SOUTH YORKTOWN #1103, TULSA OK 74114
Brian Neal Davidson	officer: Chief Revenue Officer	1430 BRADLEY LANE, SUITE 196, CARROLLTON TX 75007
Jerry Don Jones	officer: President, Fulton Technologies	1045 BRICE ST, MERIDIAN TX 76665
Michael A Rutledge	officer: Chief Financial Officer	5000 LEGACY DR, SUITE 350, PLANO TX 75024
Michael G Ramke	officer: INTERIM CFO
Kenneth A Chymiak	director, 10 percent owner, officer: President and CEO	808 N 16TH ST, BROKEN ARROW OK 74012
Susan C Chymiak	10 percent owner	C/O ADDVANTAGE TECHNOLOGIES GROUP INC, 1605 E IOLA, BROKEN ARROW OK 74012
Jarrod M Watson	officer: Chief Financial Officer	5604 TEMPLIN WAY, PLANO TX 75093
Jimmy R Taylor	officer: President, Wireless Services	22905 CIELO VISTA, SAN ANTONIO TX 78255
Reginald Jaramillo	officer: President, Telco Segment	1801 GOLIAD WAY, LANTANA TX 76226
John Shelnutt	director	605 ISLEWORTH LANE, MCKINNEY TX 75072
Donald Jr Kinison	officer: Vice President of Sales	1010 TWIN OAKS, PROSPER TX 75078
Scott A Francis	director, officer: VP and CFO	1221 E. HOUSTON ST., BROKEN ARROW OK 74012
Empey Colby	officer: President, Wireless Services	908 BLUFFVIEW DRIVE, ALLEN TX 75002