ASHTY (Ashtead Group) Days Payable : 361.05 (As of Oct. 2024)

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What is Ashtead Group Days Payable?

Ashtead Group's average Accounts Payable for the three months ended in Oct. 2024 was $1,414 Mil. Ashtead Group's Cost of Goods Sold for the three months ended in Oct. 2024 was $357 Mil. Hence, Ashtead Group's Days Payable for the three months ended in Oct. 2024 was 361.05.

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

ASHTY' s Days Payable Range Over the Past 10 Years
Min: 116.49 Med: 235.41 Max: 366.62
Current: 366.62

During the past 13 years, Ashtead Group's highest Days Payable was 366.62. The lowest was 116.49. And the median was 235.41.

ASHTY's Days Payable is ranked better than
94.19% of 912 companies
in the Business Services industry
Industry Median: 46.675 vs ASHTY: 366.62

Ashtead Group's Days Payable declined from Oct. 2023 (435.20) to Oct. 2024 (361.05). It may suggest that Ashtead Group accelerated paying its suppliers.

Ashtead Group Days Payable Historical Data

The historical data trend for Ashtead 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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Ashtead Group Days Payable Chart

Ashtead Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Payable

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271.46

229.00

119.25

161.39

166.99

Ashtead Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial															435.20	458.71	285.09	281.96	361.05

Competitive Comparison of Ashtead Group's Days Payable

For the Rental & Leasing Services subindustry, Ashtead 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.

Ashtead Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Days Payable distribution charts can be found below:

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

Ashtead 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.

Ashtead Group's Days Payable for the fiscal year that ended in Apr. 2024 is calculated as

	Days Payable (A: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2023 )	+	Accounts Payable (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (581.6	+	521.7)	/	2 )	/	1205.8	*	365
=	551.65					/	1205.8	*	365
=	166.99

Ashtead Group's Days Payable for the quarter that ended in Oct. 2024 is calculated as:

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (1442.3	+	1385.2)	/	2 )	/	357.3	*	365 / 4
=	1413.75					/	357.3	*	365 / 4
=	361.05

Ashtead Group Days Payable Related Terms

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Ashtead Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASHTF:USA AHTl:UK AHT:UK 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the US, Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the US where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.