Insteel Industries (FRA:HZ8) Days Payable : 27.37 (As of Dec. 2024)

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What is Insteel Industries Days Payable?

Insteel Industries's average Accounts Payable for the three months ended in Dec. 2024 was €34.4 Mil. Insteel Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was €114.8 Mil. Hence, Insteel Industries's Days Payable for the three months ended in Dec. 2024 was 27.37.

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

FRA:HZ8' s Days Payable Range Over the Past 10 Years
Min: 23.86 Med: 34.71 Max: 44.72
Current: 23.86

During the past 13 years, Insteel Industries's highest Days Payable was 44.72. The lowest was 23.86. And the median was 34.71.

FRA:HZ8's Days Payable is ranked worse than
92.12% of 2932 companies
in the Industrial Products industry
Industry Median: 76.11 vs FRA:HZ8: 23.86

Insteel Industries's Days Payable increased from Dec. 2023 (23.29) to Dec. 2024 (27.37). It may suggest that Insteel Industries delayed paying its suppliers.

Insteel Industries Days Payable Historical Data

The historical data trend for Insteel Industries'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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Insteel Industries Days Payable Chart

Insteel Industries Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

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27.17

34.38

25.63

26.51

27.86

Insteel Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															23.29	20.09	20.99	27.44	27.37

Competitive Comparison of Insteel Industries's Days Payable

For the Metal Fabrication subindustry, Insteel Industries'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.

Insteel Industries's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Insteel Industries's Days Payable distribution charts can be found below:

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

Insteel Industries 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.

Insteel Industries's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (32.182	+	33.776)	/	2 )	/	432.089	*	365
=	32.979					/	432.089	*	365
=	27.86

Insteel Industries's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (33.776	+	35.071)	/	2 )	/	114.783	*	365 / 4
=	34.4235					/	114.783	*	365 / 4
=	27.37

Insteel Industries Days Payable Related Terms

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Insteel Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Insteel Industries Inc (FRA:HZ8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IIIN:USA

Address

1373 Boggs Drive, Mount Airy, NC, USA, 27030

Website

https://www.insteel.com

Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.

Insteel Industries Headlines

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