Art's-Way Manufacturing Co (FRA:ID2) Days Payable : 20.86 (As of Aug. 2024)

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What is Art's-Way Manufacturing Co Days Payable?

Art's-Way Manufacturing Co's average Accounts Payable for the three months ended in Aug. 2024 was €0.87 Mil. Art's-Way Manufacturing Co's Cost of Goods Sold for the three months ended in Aug. 2024 was €3.79 Mil. Hence, Art's-Way Manufacturing Co's Days Payable for the three months ended in Aug. 2024 was 20.86.

The historical rank and industry rank for Art's-Way Manufacturing Co's Days Payable or its related term are showing as below:

FRA:ID2' s Days Payable Range Over the Past 10 Years
Min: 10.85 Med: 17.97 Max: 41.43
Current: 32.8

During the past 13 years, Art's-Way Manufacturing Co's highest Days Payable was 41.43. The lowest was 10.85. And the median was 17.97.

FRA:ID2's Days Payable is ranked worse than
91.35% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.425 vs FRA:ID2: 32.80

Art's-Way Manufacturing Co's Days Payable declined from Aug. 2023 (40.34) to Aug. 2024 (20.86). It may suggest that Art's-Way Manufacturing Co accelerated paying its suppliers.

Art's-Way Manufacturing Co Days Payable Historical Data

The historical data trend for Art's-Way Manufacturing Co'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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Art's-Way Manufacturing Co Days Payable Chart

Art's-Way Manufacturing Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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19.11

29.59

36.02

39.62

41.39

Art's-Way Manufacturing Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															40.34	47.23	36.46	20.52	20.86

Competitive Comparison of Art's-Way Manufacturing Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co'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.

Art's-Way Manufacturing Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Art's-Way Manufacturing Co's Days Payable falls into.

Art's-Way Manufacturing Co 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.

Art's-Way Manufacturing Co's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (2.462	+	2.085)	/	2 )	/	20.048	*	365
=	2.2735					/	20.048	*	365
=	41.39

Art's-Way Manufacturing Co's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (0.943	+	0.789)	/	2 )	/	3.788	*	365 / 4
=	0.866					/	3.788	*	365 / 4
=	20.86

Art's-Way Manufacturing Co Days Payable Related Terms

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Art's-Way Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Art's-Way Manufacturing Co Inc (FRA:ID2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARTW:USA

Address

5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514

Website

https://www.artsway-mfg.com

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has two reportable segments: Agricultural Products, and Modular Buildings. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and world-wide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. It derives revenues from the Agricultural Products segment.

Art's-Way Manufacturing Co Headlines

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