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UltratrexUTX Days Payable is 72.54 as of Dec. 2024.
Ultratrex's average Accounts Payable for the
six
months ended in Dec. 2024 was $1.67 Mil. Ultratrex's Cost of Goods Sold for the
six
months ended in Dec. 2024 was $4.20 Mil.
Hence, Ultratrex's Days Payable for the
six
months ended in Dec. 2024 was 72.54.
The historical rank and industry rank for Ultratrex's Days Payable or its related term are showing as below:
UTX's Days Payable is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 68.13 * Ranked among companies with meaningful Days Payable only.
Ultratrex's Days Payable
increased
from Dec. 2023 (48.12) to Dec. 2024 (72.54).
It may suggest that Ultratrexdelayed paying its suppliers.
The historical data trend for Ultratrex'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.
Ultratrex Days Payable Chart
Ultratrex Annual Data
Trend
Jun23
Jun24
Days Payable
91.96
59.10
Ultratrex Semi-Annual Data
Jun23
Dec23
Jun24
Dec24
Days Payable
0.00
48.12
74.59
72.54
UTX vs : Days Payable Comparison
For the Farm & Heavy Construction Machinery subindustry, Ultratrex'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.
Ultratrex Days Payable vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ultratrex's Days Payable distribution charts can be found below:
* The bar in red indicates where Ultratrex's Days Payable falls into.
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.
Ultratrex's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as
* 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.
Ultratrex (UTX) has a Days Payable of 72.54 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ultratrex and its competitors.
Is Ultratrex's Days Payable too high?
Ultratrex's current Days Payable is 72.54. The Farm & Heavy Construction Machinery industry median Days Payable is 68.13. Ultratrex's value of 72.54 is 6.5% above this industry median.
How does Ultratrex's Days Payable compare to ?
Ultratrex's Days Payable of 72.54 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Days Payable is 68.13. Ultratrex's value of 72.54 is 6.5% 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 68.13, based on 209 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. Ultratrex's current Days Payable of 72.54 is 6.5% 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 Ultratrex and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 68.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultratrex's current Days Payable is 72.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultratrex stock overvalued right now?
Ultratrex (UTX) has a current Days Payable of 72.54. The current Days Payable is 72.54 and 6.5% above the Farm & Heavy Construction Machinery industry median of 68.13. 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 Ultratrex (UTX), the current Days Payable is 72.54 as of Dec. 2024. 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.
Ultratrex Inc is a holding company engaged in the manufacturing, trading and leasing of amphibious excavators, dredgers, machineries and amphibious harvesters, leasing of all kinds of hydraulic cranes, related heavy machineries and spare parts, as well as import and export of heavy machineries and related business. The Group operates in a single business segment involving manufacturing, trading and leasing of amphibious excavators, dredgers machineries and amphibious harvesters, and leasing of hydraulic cranes, related heavy machineries and spare parts. Its main revenue is generated mainly from the manufacturing and sale of amphibious vehicles and spare parts. The Group operates across Asia Pacific with majority of revenue, Europe, the Middle East, Africa, South America and North America.
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