Techprecision (Techprecision) Days Payable : 23.44 (As of Dec. 2023)

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What is Techprecision Days Payable?

Techprecision's average Accounts Payable for the three months ended in Dec. 2023 was $1.67 Mil. Techprecision's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.49 Mil. Hence, Techprecision's Days Payable for the three months ended in Dec. 2023 was 23.44.

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

TPCS' s Days Payable Range Over the Past 10 Years
Min: 8.79 Med: 28.93 Max: 50.58
Current: 21.26

During the past 13 years, Techprecision's highest Days Payable was 50.58. The lowest was 8.79. And the median was 28.93.

TPCS's Days Payable is ranked worse than
94.4% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs TPCS: 21.26

Techprecision's Days Payable declined from Dec. 2022 (34.67) to Dec. 2023 (23.44). It may suggest that Techprecision accelerated paying its suppliers.

Techprecision Days Payable Historical Data

The historical data trend for Techprecision'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.

Techprecision Days Payable Chart

Techprecision Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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14.38

11.26

10.32

37.92

38.88

Techprecision 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															34.67	25.45	20.28	15.47	23.44

Competitive Comparison of Techprecision's Days Payable

For the Metal Fabrication subindustry, Techprecision'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.

Techprecision's Days Payable Distribution in the Industrial Products Industry

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

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

Techprecision 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.

Techprecision's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3.427	+	2.224)	/	2 )	/	26.528	*	365
=	2.8255					/	26.528	*	365
=	38.88

Techprecision'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
=	( (1.607	+	1.727)	/	2 )	/	6.489	*	365 / 4
=	1.667					/	6.489	*	365 / 4
=	23.44

Techprecision Days Payable Related Terms

Thank you for viewing the detailed overview of Techprecision's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Techprecision (Techprecision) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techprecision Corp (NAS:TPCS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bella Drive, Westminster, MA, USA, 01473

Website

https://www.techprecision.com

Techprecision Corp manufactures metal fabricated and machined precision components and systems. It offers a full range of services required to transform raw materials into precision finished products. The company's products are used in markets including defense, aerospace, nuclear, medical, and precision industries. All of its operations and customers are located in the United States.

Executives

Barbara M. Lilley	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, 1 BELLA DRIVE, WESTMINISTER MA 01473
Andrew A Levy	director	46 BALDWIN FARM NORTH, GREENWHICH CT 06831
Walter Milton Schenker	director	1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054
Thomas Sammons	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, 992 OLD EAGLE SCHOOL ROAD, SUITE 909, WAYNE PA 19087
Alexander Shen	officer: Chief Executive Officer	C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034
Robert A Crisafulli	director	1 BELLA DRIVE, WESTMINSTER PA 01473
Richard Mcgowan	director	C/O CLEVELAND BIOLABS, INC., 73 HIGH STREET, BUFFALO NY 14203
Philip A Dur	director	1600 TECHNOLOGY WAY, P.O. BOX 231, LATROBE PA 15650
Robert G Isaman	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Robert Francis	other: President & GM of Ranor, Inc.	C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034
Leonard M Anthony	director	MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
James S Molinaro	director, officer: Chief Executive Officer	6330 WEGEWOOD DR, ALLENTOWN PA 18106
Richard F Fitzgerald	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473
Michael R Holly	director	1729 SWEDESFORD ROAD, MALVERN PA 19355
Louis A Winoski	director	C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473