Industria Automotriz de CV (MEX:IASASA) Days Payable: 2,275.38 (As of Jun. 2011)


What is Industria Automotriz de CV Days Payable?

Industria Automotriz de CV MEX:IASASA Days Payable is 2,275.38 as of Jun. 2011.

Industria Automotriz de CV's average Accounts Payable for the three months ended in Jun. 2011 was MXN218.11 Mil. Industria Automotriz de CV's Cost of Goods Sold for the three months ended in Jun. 2011 was MXN8.75 Mil. Hence, Industria Automotriz de CV's Days Payable for the three months ended in Jun. 2011 was 2,275.38.

The historical rank and industry rank for Industria Automotriz de CV's Days Payable or its related term are showing as below:

MEX:IASASA's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.05
* Ranked among companies with meaningful Days Payable only.

Industria Automotriz de CV's Days Payable increased from Mar. 2010 (0.00) to Jun. 2011 (2,275.38). It may suggest that Industria Automotriz de CV delayed paying its suppliers.

Industria Automotriz de CV Days Payable Historical Data

* Premium members only.

The historical data trend for Industria Automotriz de CV'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.

Industria Automotriz de CV Days Payable Chart

Industria Automotriz de CV Annual Data
Trend Dec07 Dec08 Dec09
Days Payable
0.00 0.00 0.00

Industria Automotriz de CV Quarterly Data
Dec07 Dec08 Sep09 Dec09 Mar10 Jun10 Sep10 Mar11 Jun11
Days Payable Get a 7-Day Free Trial Premium Member Only 0.00 0.00 2,292.41 2,399.39 2,275.38

MEX:IASASA vs CSHEF, AMTY, OMTK: Days Payable Comparison

For the Auto Parts subindustry, Industria Automotriz de CV'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.

Industria Automotriz de CV Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Industria Automotriz de CV's Days Payable distribution charts can be found below:

* The bar in red indicates where Industria Automotriz de CV's Days Payable falls into.


Industria Automotriz de CV 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.

Industria Automotriz de CV's Days Payable for the fiscal year that ended in Dec. 2009 is calculated as

Days Payable (A: Dec. 2009 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2008 ) + Accounts Payable (A: Dec. 2009 )) / count ) / Cost of Goods Sold (A: Dec. 2009 )*Days in Period
=( (0 + 0) / 1 ) / 0*365
=0 / 0*365
=N/A

Industria Automotriz de CV's Days Payable for the quarter that ended in Jun. 2011 is calculated as:

Days Payable (Q: Jun. 2011 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2011 ) + Accounts Payable (Q: Jun. 2011 )) / count ) / Cost of Goods Sold (Q: Jun. 2011 )*Days in Period
=( (223.693 + 212.531) / 2 ) / 8.747*365 / 4
=218.112 / 8.747*365 / 4
=2,275.38

* 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 2,275.38 mean?
Industria Automotriz de CV (MEX:IASASA) has a Days Payable of 2,275.38 as of Jun. 2011. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Industria Automotriz de CV and its competitors.
Is Industria Automotriz de CV's Days Payable too high?
Industria Automotriz de CV's current Days Payable is 2,275.38. The Vehicles & Parts industry median Days Payable is 67.05. Industria Automotriz de CV's value of 2,275.38 is 3293.6% above this industry median.
How does Industria Automotriz de CV's Days Payable compare to CSHEF and AMTY?
Industria Automotriz de CV's Days Payable of 2,275.38 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.05. Industria Automotriz de CV's value of 2,275.38 is 3293.6% 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 a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.05, based on 1,311 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. Industria Automotriz de CV's current Days Payable of 2,275.38 is 3293.6% 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 Industria Automotriz de CV and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industria Automotriz de CV's current Days Payable is 2,275.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industria Automotriz de CV stock overvalued right now?
Industria Automotriz de CV (MEX:IASASA) has a current Days Payable of 2,275.38. The current Days Payable is 2,275.38 and 3293.6% above the Vehicles & Parts industry median of 67.05. 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 Industria Automotriz de CV (MEX:IASASA), the current Days Payable is 2,275.38 as of Jun. 2011. 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.

Industria Automotriz de CV Business Description

Address Avenida Universidad 1011, San Nicolas de los Garza, NL, MEX, 66400
Industria Automotriz SA de CV is engaged in manufacturing of stamping, assemblies and subassemblies for the automotive industry. The company also manufactures dies and tool, assembly attachments and attachments to check the produced pieces.