AdvanSix (AdvanSix) Days Payable : 62.29 (As of Mar. 2024)

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What is AdvanSix Days Payable?

AdvanSix's average Accounts Payable for the three months ended in Mar. 2024 was $228 Mil. AdvanSix's Cost of Goods Sold for the three months ended in Mar. 2024 was $334 Mil. Hence, AdvanSix's Days Payable for the three months ended in Mar. 2024 was 62.29.

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

ASIX' s Days Payable Range Over the Past 10 Years
Min: 52.87 Med: 65.86 Max: 70.92
Current: 63.75

During the past 11 years, AdvanSix's highest Days Payable was 70.92. The lowest was 52.87. And the median was 65.86.

ASIX's Days Payable is ranked better than
53.79% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs ASIX: 63.75

AdvanSix's Days Payable declined from Mar. 2023 (67.08) to Mar. 2024 (62.29). It may suggest that AdvanSix accelerated paying its suppliers.

AdvanSix Days Payable Historical Data

The historical data trend for AdvanSix'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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AdvanSix Days Payable Chart

AdvanSix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.74

70.59

53.24

55.27

70.92

AdvanSix 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															67.08	54.83	65.33	61.43	62.29

Competitive Comparison of AdvanSix's Days Payable

For the Chemicals subindustry, AdvanSix'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.

AdvanSix's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AdvanSix's Days Payable distribution charts can be found below:

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

AdvanSix 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.

AdvanSix'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
=	( (272.74	+	259.068)	/	2 )	/	1368.511	*	365
=	265.904					/	1368.511	*	365
=	70.92

AdvanSix'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
=	( (259.068	+	196.772)	/	2 )	/	333.864	*	365 / 4
=	227.92					/	333.864	*	365 / 4
=	62.29

AdvanSix Days Payable Related Terms

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AdvanSix (AdvanSix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AdvanSix Inc (NYSE:ASIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

960:Germany

Address

300 Kimball Drive, Suite 101, Parsippany, NJ, USA, 07054

Website

https://www.advansix.com

AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.

Executives

Achilles B. Kintiroglou	officer: SVP, General Counsel	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054
Christopher Gramm	officer: Controller	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
Michael Marberry	director	3050 SPRUCE STREET, ST. LOUIS MO 63103
Farha Aslam	director	1770 N PROMOTORY CIRCLE, GREELEY CO 80634
Gena C Lovett	director	11324 FOX CREEK FARM WAY, GREAT FALLS VA 22066
Willem L. Blindenbach	officer: VP, Integrated Supply Chain	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054
Kelly Slieter	officer: SVP, Chief HR Officer	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NY 07054
Todd D. Karran	director	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
Erin N Kane	director, officer: Chief Executive Officer	300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054
Sharon Spurlin	director	333 CLAY ST, SUITE 1600, HOUSTON TX 77002
Patrick Williams	director	8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112
Daniel F Sansone	director	VULCAN MATERIALS COMPANY, 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Michael Preston	officer: SVP & Chief Financial Officer	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
Jonathan Bellamy	officer: SVP & Chief HR Officer	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054
John M Quitmeyer	officer: SVP, Gen Counsel & Corp Secy	300 KIMBALL DRIVE, SUITE 101, C/O LEGAL DEPT., PARSIPPANY NJ 07054