BANT (Bantec) Days Payable: 339.88 (As of Jun. 2024)


What is Bantec Days Payable?

Bantec BANT -99.00% Days Payable is 339.88 as of Jun. 2024.

Bantec's average Accounts Payable for the three months ended in Jun. 2024 was $2.40 Mil. Bantec's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.64 Mil. Hence, Bantec's Days Payable for the three months ended in Jun. 2024 was 339.88.

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

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

Bantec's Days Payable declined from Jun. 2023 (502.43) to Jun. 2024 (339.88). It may suggest that Bantec accelerated paying its suppliers.

Bantec Days Payable Historical Data

* Premium members only.

The historical data trend for Bantec'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.

Bantec Days Payable Chart

Bantec Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Payable
Get a 7-Day Free Trial 144.48 326.55 645.91 480.93 464.23

Bantec Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 502.43 519.32 257.04 329.31 339.88

BANT vs GE, RTX, BA: Days Payable Comparison

For the Aerospace & Defense subindustry, Bantec'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.

Bantec Days Payable vs Aerospace & Defense Industry

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

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


Bantec 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.

Bantec's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

Days Payable (A: Sep. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2022 ) + Accounts Payable (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (2.73 + 2.215) / 2 ) / 1.944*365
=2.4725 / 1.944*365
=464.23

Bantec's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (2.535 + 2.255) / 2 ) / 0.643*365 / 4
=2.395 / 0.643*365 / 4
=339.88

* 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 339.88 mean?
Bantec (BANT) has a Days Payable of 339.88 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bantec and its competitors.
Is Bantec's Days Payable too high?
Bantec's current Days Payable is 339.88. The Aerospace & Defense industry median Days Payable is 65.05. Bantec's value of 339.88 is 422.5% above this industry median.
How does Bantec's Days Payable compare to GE and RTX?
Bantec's Days Payable of 339.88 can be compared against companies in the Aerospace & Defense industry. The industry median Days Payable is 65.05. Bantec's value of 339.88 is 422.5% 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. Bantec's current Days Payable of 339.88 is 422.5% 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 Bantec 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. Bantec's current Days Payable is 339.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bantec stock overvalued right now?
Bantec (BANT) has a current Days Payable of 339.88. The current Days Payable is 339.88 and 422.5% 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 Bantec (BANT), the current Days Payable is 339.88 as of Jun. 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.

Bantec Business Description

Address 37 Main Street, Sparta, NJ, USA, 07871
Bantec Inc along with its subsidiaries provides unmanned aerial vehicles (UAV) and related services. Principally, it is engaged in the business of research, design, development, testing, manufacturing, distribution, exportation, and integration of low-altitude UAV systems, services, and products. The company also provides procurement, distribution, and logistics services. It focuses on distributing, Drones and related services and Environmental/Construction products and services. The Company has operations based in Sparta, New Jersey and Vancouver, Washington.