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INHD (Inno Holdings) Days Payable : 139.66 (As of Dec. 2024)


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What is Inno Holdings Days Payable?

Inno Holdings's average Accounts Payable for the three months ended in Dec. 2024 was $0.28 Mil. Inno Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.18 Mil. Hence, Inno Holdings's Days Payable for the three months ended in Dec. 2024 was 139.66.

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

INHD' s Days Payable Range Over the Past 10 Years
Min: 4.76   Med: 194.83   Max: 709.03
Current: 559.15

During the past 4 years, Inno Holdings's highest Days Payable was 709.03. The lowest was 4.76. And the median was 194.83.

INHD's Days Payable is ranked better than
98.34% of 603 companies
in the Steel industry
Industry Median: 39.3 vs INHD: 559.15

Inno Holdings's Days Payable declined from Dec. 2023 (737.78) to Dec. 2024 (139.66). It may suggest that Inno Holdings accelerated paying its suppliers.

Inno Holdings Days Payable Historical Data

The historical data trend for Inno Holdings'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.

* Premium members only.

Inno Holdings Days Payable Chart

Inno Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24
Days Payable
4.76 59.23 330.42 709.03

Inno Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 737.78 498.60 2,165.43 5,967.75 139.66

Competitive Comparison of Inno Holdings's Days Payable

For the Steel subindustry, Inno Holdings'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.

Inno Holdings's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Inno Holdings's Days Payable distribution charts can be found below:

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


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Inno Holdings 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.

Inno Holdings'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
=( (1.317 + 0.272) / 2 ) / 0.409*365
=0.7945 / 0.409*365
=709.03

Inno Holdings'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
=( (0.272 + 0.279) / 2 ) / 0.18*365 / 4
=0.2755 / 0.18*365 / 4
=139.66

* 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.

Inno Holdings Days Payable Related Terms

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Inno Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inno Holdings Inc (NAS:INHD) » Definitions » Days Payable
Comparable Companies
HUDI ZKIN HLP KBSX BOM:500228 NUE TSE:5401 NSE:TATASTEEL XAMS:MT SHSE:600019 STLD RS XKRX:005490 SHSE:600010 BOM:532286 TPE:2002 X SZSE:000708 TSE:5411 BOM:512455
Traded in Other Exchanges
N/A
Address
2465 Farm Market 359 South, Brookshire, TX, USA, 77423
Website
https://www.innometalstuds.com
Inno Holdings Inc is a building technology company with a mission to transform the construction industry with its proprietary cold-formed steel-framing technology and other innovations. It is a manufacturer of cold-formed-steel members and prefabricated homes. It offers a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. The company sells these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure.