STRT (Strattec Security) Days Payable : 43.44 (As of Sep. 2024)

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What is Strattec Security Days Payable?

Strattec Security's average Accounts Payable for the three months ended in Sep. 2024 was $57.2 Mil. Strattec Security's Cost of Goods Sold for the three months ended in Sep. 2024 was $120.1 Mil. Hence, Strattec Security's Days Payable for the three months ended in Sep. 2024 was 43.44.

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

STRT' s Days Payable Range Over the Past 10 Years
Min: 24.81 Med: 35.67 Max: 43.6
Current: 39.37

During the past 13 years, Strattec Security's highest Days Payable was 43.60. The lowest was 24.81. And the median was 35.67.

STRT's Days Payable is ranked worse than
75.57% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs STRT: 39.37

Strattec Security's Days Payable increased from Sep. 2023 (42.32) to Sep. 2024 (43.44). It may suggest that Strattec Security delayed paying its suppliers.

Strattec Security Days Payable Historical Data

The historical data trend for Strattec Security'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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Strattec Security Days Payable Chart

Strattec Security Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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31.53

24.81

37.16

41.24

43.60

Strattec Security 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															42.32	39.79	33.25	38.66	43.44

Competitive Comparison of Strattec Security's Days Payable

For the Auto Parts subindustry, Strattec Security'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.

Strattec Security's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Strattec Security's Days Payable distribution charts can be found below:

* The bar in red indicates where Strattec Security's Days Payable falls into.

Strattec Security 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.

Strattec Security's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (57.927	+	54.911)	/	2 )	/	472.298	*	365
=	56.419					/	472.298	*	365
=	43.60

Strattec Security'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
=	( (54.911	+	59.461)	/	2 )	/	120.131	*	365 / 4
=	57.186					/	120.131	*	365 / 4
=	43.44

Strattec Security Days Payable Related Terms

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Strattec Security Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strattec Security Corp (NAS:STRT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SS8:Germany

Address

3333 West Good Hope Road, Milwaukee, WI, USA, 53209

Website

https://www.strattec.com

Strattec Security Corp designs develops, manufactures, and markets mechanical locks, electronically enhanced locks, and keys. It also produces ignition lock housings; and access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea, and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

Executives

Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Al-waleed H. Hamdan	officer: VP of Product Management	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Richard P Messina	officer: VP-Strattec Power Access LLC	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Florsheim Thomas W Jr	director	333 W ESTABROOK BLVD, GLENDALE WI 53212
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Dennis Bowe	officer: Vice President and CFO	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Patrick J Hansen	officer: Vice Pres., CFO and Secretary	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Frank Krejci	director
Tina M Chang	director	375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
Stratton Harold M Ii	director, officer: Chairman of the Board & CEO	P.O. BOX 8057, NAPLES FL 34101
Rolando Guillot	officer: Vice Pres.-Mexican Operations	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209