Alta Equipment Group (FRA:4ZL) Days Payable : 26.80 (As of Sep. 2024)

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What is Alta Equipment Group Days Payable?

Alta Equipment Group's average Accounts Payable for the three months ended in Sep. 2024 was €86 Mil. Alta Equipment Group's Cost of Goods Sold for the three months ended in Sep. 2024 was €292 Mil. Hence, Alta Equipment Group's Days Payable for the three months ended in Sep. 2024 was 26.80.

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

FRA:4ZL' s Days Payable Range Over the Past 10 Years
Min: 16.74 Med: 25.52 Max: 26.9
Current: 24.83

During the past 7 years, Alta Equipment Group's highest Days Payable was 26.90. The lowest was 16.74. And the median was 25.52.

FRA:4ZL's Days Payable is ranked worse than
71.93% of 912 companies
in the Business Services industry
Industry Median: 46.675 vs FRA:4ZL: 24.83

Alta Equipment Group's Days Payable increased from Sep. 2023 (22.47) to Sep. 2024 (26.80). It may suggest that Alta Equipment Group delayed paying its suppliers.

Alta Equipment Group Days Payable Historical Data

The historical data trend for Alta Equipment 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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Alta Equipment Group Days Payable Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.78

26.04

25.30

25.38

Alta Equipment Group 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															22.47	22.14	27.76	24.53	26.80

Competitive Comparison of Alta Equipment Group's Days Payable

For the Rental & Leasing Services subindustry, Alta Equipment 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.

Alta Equipment Group's Days Payable Distribution in the Business Services Industry

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

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

Alta Equipment 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.

Alta Equipment Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (85.715	+	88.949)	/	2 )	/	1255.924	*	365
=	87.332					/	1255.924	*	365
=	25.38

Alta Equipment Group'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
=	( (87.14	+	84.424)	/	2 )	/	292.104	*	365 / 4
=	85.782					/	292.104	*	365 / 4
=	26.80

Alta Equipment Group Days Payable Related Terms

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Alta Equipment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (FRA:4ZL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ALTGpA.PFD:USA ALTG:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

Alta Equipment Group Headlines

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