Astrocast (Astrocast) Days Payable : 589.75 (As of Jun. 2023)

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What is Astrocast Days Payable?

Astrocast's average Accounts Payable for the six months ended in Jun. 2023 was $12.89 Mil. Astrocast's Cost of Goods Sold for the six months ended in Jun. 2023 was $3.99 Mil. Hence, Astrocast's Days Payable for the six months ended in Jun. 2023 was 589.75.

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

ASROF' s Days Payable Range Over the Past 10 Years
Min: 150.23 Med: 507.19 Max: 1058.81
Current: 497.77

During the past 3 years, Astrocast's highest Days Payable was 1058.81. The lowest was 150.23. And the median was 507.19.

ASROF's Days Payable is ranked better than
98.06% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs ASROF: 497.77

Astrocast's Days Payable increased from Jun. 2022 (262.39) to Jun. 2023 (589.75). It may suggest that Astrocast delayed paying its suppliers.

Astrocast Days Payable Historical Data

The historical data trend for Astrocast'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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Astrocast Days Payable Chart

Astrocast Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

1,058.88

153.47

515.20

Astrocast Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			394.40	63.87	262.39	600.19	589.75

Competitive Comparison of Astrocast's Days Payable

For the Communication Equipment subindustry, Astrocast'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.

Astrocast's Days Payable Distribution in the Hardware Industry

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

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

Astrocast 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.

Astrocast'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: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.749	+	18.053)	/	2 )	/	7.723	*	365
=	10.901					/	7.723	*	365
=	515.20

Astrocast's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (18.053	+	7.728)	/	2 )	/	3.989	*	365 / 2
=	12.8905					/	3.989	*	365 / 2
=	589.75

Astrocast Days Payable Related Terms

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Astrocast (Astrocast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Astrocast SA (GREY:ASROF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASTRO:Norway

Address

Chemin des Ramiers 20, Chavannes-pres-Renens, Vaud, CHE, 1022

Website

https://www.astrocast.com

Astrocast SA is an operator of the nanosatellite IoT network intended to provide unlimited coverage all over the planet, with no geographical limitations. The company tackles challenges in industries such as Agriculture and Livestock, Oil, Gas and Mining, Maritime, Environmental, Connected Vehicles, and IoT Devices, enabling companies to monitor, track, assess, and communicate with critical remote assets from anywhere in the world.

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