AKTSQ (Akoustis Technologies) Days Payable: 55.00 (As of Sep. 2024)

What is Akoustis Technologies Days Payable?

Akoustis Technologies AKTSQ -99.89% 12 Days Payable is 55.00 as of Sep. 2024. GuruFocus rates AKTSQ with a GF Score™ of 12/100.

Akoustis Technologies's average Accounts Payable for the three months ended in Sep. 2024 was $2.85 Mil. Akoustis Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $4.73 Mil. Hence, Akoustis Technologies's Days Payable for the three months ended in Sep. 2024 was 55.00.

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

AKTSQ's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 69.855
* Ranked among companies with meaningful Days Payable only.

Akoustis Technologies's Days Payable declined from Sep. 2023 (56.44) to Sep. 2024 (55.00). It may suggest that Akoustis Technologies accelerated paying its suppliers.

Akoustis Technologies Days Payable Related Terms

Akoustis Technologies Days Payable Historical Data

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The historical data trend for Akoustis 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.

Akoustis Technologies Days Payable Chart

Akoustis Technologies Annual Data

Trend

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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180.16

56.94

45.12

45.93

51.86

Akoustis 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															56.44	66.32	50.86	61.82	55.00

AKTSQ vs ELST, MLRT, CSCO: Days Payable Comparison

For the Communication Equipment subindustry, Akoustis 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.

Akoustis Technologies Days Payable vs Hardware Industry

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

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

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Akoustis Technologies Inc AKTSQ

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Akoustis 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.

Akoustis Technologies's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (3.979	+	3.998)	/	2 )	/	28.073	*	365
=	3.9885					/	28.073	*	365
=	51.86

Akoustis 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
=	( (3.998	+	1.698)	/	2 )	/	4.725	*	365 / 4
=	2.848					/	4.725	*	365 / 4
=	55.00

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 55.00 mean?

Akoustis Technologies (AKTSQ) has a Days Payable of 55.00 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 Akoustis Technologies and its competitors.

Is Akoustis Technologies' Days Payable too high?

Akoustis Technologies' current Days Payable is 55.00. The Hardware industry median Days Payable is 69.86. Akoustis Technologies' value of 55.00 is 21.3% below this industry median. Overall, Akoustis Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Akoustis Technologies' Days Payable compare to ELST and MLRT?

Akoustis Technologies' Days Payable of 55.00 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.86. Akoustis Technologies' value of 55.00 is 21.3% below 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 a Hardware company?

The median Days Payable among Hardware companies is 69.86, based on 2,436 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. Akoustis Technologies's current Days Payable of 55.00 is 21.3% below 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 Akoustis Technologies and its competitors. For the Hardware industry, the median Days Payable is 69.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akoustis Technologies's current Days Payable is 55.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Akoustis Technologies stock overvalued right now?

Akoustis Technologies (AKTSQ) has a current Days Payable of 55.00. The current Days Payable is 55.00 and 21.3% below the Hardware industry median of 69.86. Akoustis Technologies' overall GF Score™ is 12/100. 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 Akoustis Technologies (AKTSQ), the current Days Payable is 55.00 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.

Akoustis Technologies Business Description

Industry Technology Hardware

Comparable Companies ELST MLRT CSCO SHSE:601138 MSI SZSE:300308 SZSE:300502 UI HPE SZSE:000063 OSTO:ERIC B OHEL:NOKIA CIEN SZSE:300394 TPE:2345 SHSE:688775 ZBRA ASTS LITE SZSE:301165

Address 9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

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