Electro Aco Altona (BSP:EALT3) Days Payable : 35.76 (As of Mar. 2024)

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What is Electro Aco Altona Days Payable?

Electro Aco Altona's average Accounts Payable for the three months ended in Mar. 2024 was R$35.5 Mil. Electro Aco Altona's Cost of Goods Sold for the three months ended in Mar. 2024 was R$90.7 Mil. Hence, Electro Aco Altona's Days Payable for the three months ended in Mar. 2024 was 35.76.

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

BSP:EALT3' s Days Payable Range Over the Past 10 Years
Min: 14.35 Med: 25.3 Max: 46.11
Current: 36.32

During the past 13 years, Electro Aco Altona's highest Days Payable was 46.11. The lowest was 14.35. And the median was 25.30.

BSP:EALT3's Days Payable is ranked worse than
83.68% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs BSP:EALT3: 36.32

Electro Aco Altona's Days Payable declined from Mar. 2023 (40.63) to Mar. 2024 (35.76). It may suggest that Electro Aco Altona accelerated paying its suppliers.

Electro Aco Altona Days Payable Historical Data

The historical data trend for Electro Aco Altona'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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Electro Aco Altona Days Payable Chart

Electro Aco Altona Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.57

40.37

46.11

39.10

35.11

Electro Aco Altona 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															40.63	38.02	37.58	36.18	35.76

Competitive Comparison of Electro Aco Altona's Days Payable

For the Metal Fabrication subindustry, Electro Aco Altona'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.

Electro Aco Altona's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Electro Aco Altona's Days Payable falls into.

Electro Aco Altona 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.

Electro Aco Altona'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
=	( (36.56	+	36.107)	/	2 )	/	377.768	*	365
=	36.3335					/	377.768	*	365
=	35.11

Electro Aco Altona'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
=	( (36.107	+	34.958)	/	2 )	/	90.659	*	365 / 4
=	35.5325					/	90.659	*	365 / 4
=	35.76

Electro Aco Altona Days Payable Related Terms

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Electro Aco Altona (BSP:EALT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Aco Altona SA (BSP:EALT3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EALT4:Brazil

Address

Engenheiro Paulo Werner Street, 925, Blumenau, SC, BRA, 89030900

Website

http://www.altona.com.br

Electro Aco Altona SA manufactures steel based machinery & equipment. Its product portfolio comprises of carbon steel, high & low alloy steel, manganese steel & heat resistant steel castings. It caters to industries like earthmoving & mining.The company divides its business into two sectors: Repetitive and Custom. The Repetitive sector is responsible for series production of items for self-propelled equipment assemblers, including customers active in the segment of construction and mining machinery. The Custom sector produces customized parts and assemblies.

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