Aerodrome Group (XTAE:ARDM) Days Payable : 41.78 (As of Dec. 2023)

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What is Aerodrome Group Days Payable?

Aerodrome Group's average Accounts Payable for the six months ended in Dec. 2023 was ₪2.95 Mil. Aerodrome Group's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪12.87 Mil. Hence, Aerodrome Group's Days Payable for the six months ended in Dec. 2023 was 41.78.

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

XTAE:ARDM' s Days Payable Range Over the Past 10 Years
Min: 8.75 Med: 57.97 Max: 1012.69
Current: 58.17

During the past 11 years, Aerodrome Group's highest Days Payable was 1012.69. The lowest was 8.75. And the median was 57.97.

XTAE:ARDM's Days Payable is ranked better than
66.98% of 215 companies
in the Education industry
Industry Median: 34.84 vs XTAE:ARDM: 58.17

Aerodrome Group's Days Payable declined from Dec. 2022 (70.93) to Dec. 2023 (41.78). It may suggest that Aerodrome Group accelerated paying its suppliers.

Aerodrome Group Days Payable Historical Data

The historical data trend for Aerodrome Group'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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Aerodrome Group Days Payable Chart

Aerodrome Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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196.41

8.75

30.64

59.67

53.33

Aerodrome Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															30.21	38.68	70.93	95.64	41.78

Competitive Comparison of Aerodrome Group's Days Payable

For the Education & Training Services subindustry, Aerodrome Group'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.

Aerodrome Group's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Aerodrome Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Aerodrome Group's Days Payable falls into.

Aerodrome Group 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.

Aerodrome Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.56	+	2.217)	/	2 )	/	19.768	*	365
=	2.8885					/	19.768	*	365
=	53.33

Aerodrome Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.674	+	2.217)	/	2 )	/	12.866	*	365 / 2
=	2.9455					/	12.866	*	365 / 2
=	41.78

Aerodrome Group Days Payable Related Terms

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Aerodrome Group (XTAE:ARDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Aerodrome Group Ltd (XTAE:ARDM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th Amal Street, Afek Industrial Park, Rosh Haayin, ISR, 94158

Website

https://www.aerodrome-ops.com

Aerodrome Group Ltd is a provider of UAS services and solutions. Its UAS operations include UAS Piloting, UAS External Pilot Training, UAS Pilot In Command (PIC) Training, UAS Payload Operator Training, Advanced Mission Training. The company provides four different courses running in parallel; PIC training, O-Level training, external pilot training, and payload operator training. It provides a full envelope of services for defense industries and organizations that wish to use unmanned systems.

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