AIA Engineering (AIA Engineering) Days Payable : 32.36 (As of Mar. 2024)

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What is AIA Engineering Days Payable?

AIA Engineering's average Accounts Payable for the three months ended in Mar. 2024 was $21.52 Mil. AIA Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was $60.67 Mil. Hence, AIA Engineering's Days Payable for the three months ended in Mar. 2024 was 32.36.

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

AAGGY' s Days Payable Range Over the Past 10 Years
Min: 38.29 Med: 46.92 Max: 57.3
Current: 37.13

During the past 13 years, AIA Engineering's highest Days Payable was 57.30. The lowest was 38.29. And the median was 46.92.

AAGGY's Days Payable is ranked worse than
82.9% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs AAGGY: 37.13

AIA Engineering's Days Payable declined from Mar. 2023 (41.28) to Mar. 2024 (32.36). It may suggest that AIA Engineering accelerated paying its suppliers.

AIA Engineering Days Payable Historical Data

The historical data trend for AIA Engineering'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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AIA Engineering Days Payable Chart

AIA Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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50.06

47.65

39.10

41.86

38.95

AIA Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															41.28	44.03	32.11	36.63	32.36

Competitive Comparison of AIA Engineering's Days Payable

For the Specialty Industrial Machinery subindustry, AIA Engineering'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.

AIA Engineering's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AIA Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where AIA Engineering's Days Payable falls into.

AIA Engineering 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.

AIA Engineering's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (31.771	+	21.517)	/	2 )	/	249.652	*	365
=	26.644					/	249.652	*	365
=	38.95

AIA Engineering's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	21.517)	/	1 )	/	60.671	*	365 / 4
=	21.517					/	60.671	*	365 / 4
=	32.36

AIA Engineering Days Payable Related Terms

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AIA Engineering (AIA Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AIA Engineering Ltd (GREY:AAGGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AIAENG:India 532683:India

Address

Off. S. G. Highway, Sindhu Bhavan Road, 11-12, Sigma Corporates, Behind HOF Showroom, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

http://www.aiaengineering.com

AIA Engineering Ltd is an India-based company that develops, manufactures, and distributes chromium consumable wear parts, including grinding media, shell liners, diaphragms, grinding tables, heat-resistant castings, cone crushers, and others. The company's products are applied in the crushing/grinding processes in the cement, mining, thermal power, and other sectors. AIA Engineering Ltd generates the majority of its sales from markets outside of India. Vega Industries, a wholly-owned subsidiary of this company, is responsible for distributing the company's products outside India.

AIA Engineering (AIA Engineering) Headlines

From GuruFocus

Q3 2024 AIA Engineering Ltd Earnings Call Transcript

By GuruFocus Research • 02-10-2024