Inrad Optics (Inrad Optics) Days Payable : 19.93 (As of Dec. 2023)

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What is Inrad Optics Days Payable?

Inrad Optics's average Accounts Payable for the three months ended in Dec. 2023 was $0.41 Mil. Inrad Optics's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.89 Mil. Hence, Inrad Optics's Days Payable for the three months ended in Dec. 2023 was 19.93.

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

INRD' s Days Payable Range Over the Past 10 Years
Min: 19.61 Med: 20.63 Max: 34.03
Current: 19.61

During the past 13 years, Inrad Optics's highest Days Payable was 34.03. The lowest was 19.61. And the median was 20.63.

INRD's Days Payable is ranked worse than
95.46% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs INRD: 19.61

Inrad Optics's Days Payable increased from Dec. 2022 (19.04) to Dec. 2023 (19.93). It may suggest that Inrad Optics delayed paying its suppliers.

Inrad Optics Days Payable Historical Data

The historical data trend for Inrad Optics'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.

* Premium members only.

Inrad Optics Days Payable Chart

Inrad Optics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.63

24.29

19.88

20.60

19.61

Inrad Optics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															19.04	21.12	-	-	19.93

Competitive Comparison of Inrad Optics's Days Payable

For the Electronic Components subindustry, Inrad Optics'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.

Inrad Optics's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Inrad Optics's Days Payable distribution charts can be found below:

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

Inrad Optics 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.

Inrad Optics'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
=	( (0.446	+	0.412)	/	2 )	/	7.984	*	365
=	0.429					/	7.984	*	365
=	19.61

Inrad Optics'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.412)	/	1 )	/	1.886	*	365 / 4
=	0.412					/	1.886	*	365 / 4
=	19.93

Inrad Optics Days Payable Related Terms

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Inrad Optics (Inrad Optics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inrad Optics Inc (OTCPK:INRD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Legrand Avenue, Northvale, NJ, USA, 07647

Website

https://www.inradoptics.com

Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.

Executives

Dennis G Romano	director	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Norman E. Strandlund	director	181 LEGRAND AVENUE, NORTHVALE NJ 07647
Amy Eskilson	officer: CEO	RIVERCREST CO-OP, 103 GEDNEY ST., APT 1H, NYACK NY 10960
George F Murray	officer: VP SALES & MARKETING	INRAD OPTICS, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Thomas Caughey	director	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Theresa A Balog	officer: Chief Financial Officer	C/O INRAD OPTICS, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Jan M Winston	director	141 LANSDOWNE, WESTPORT CT 06880
John M Duich	officer: VP Operations Sarasota	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Joseph J Rutherford	director, officer: President/CEO	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Miroslav Dosoudil	officer: VP Operations	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
John R Ryan	officer: VP Sales & Marketing	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Lavalle Luke P Jr	director	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
William Brucker	officer: VP, Human Resources	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
William J Foote	officer: CHIEF FINANCIAL OFFICER	C/O PPGI, 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Daniel Lehrfeld	officer: President & CEO	34 GREENWOOD DRIVE, NEW CITY NY 10956

Inrad Optics (Inrad Optics) Headlines

From GuruFocus

INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Inrad Optics, Inc. - INRD

By PRNewswire • 04-10-2024