Aluula Composites (TSXV:AUUA) Days Payable : 37.02 (As of Oct. 2023)

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What is Aluula Composites Days Payable?

Aluula Composites's average Accounts Payable for the six months ended in Oct. 2023 was C$0.56 Mil. Aluula Composites's Cost of Goods Sold for the six months ended in Oct. 2023 was C$5.47 Mil. Hence, Aluula Composites's Days Payable for the six months ended in Oct. 2023 was 18.51.

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

TSXV:AUUA' s Days Payable Range Over the Past 10 Years
Min: 37.02 Med: 64.61 Max: 96.17
Current: 37.02

During the past 3 years, Aluula Composites's highest Days Payable was 96.17. The lowest was 37.02. And the median was 64.61.

TSXV:AUUA's Days Payable is ranked worse than
68.24% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs TSXV:AUUA: 37.02

Aluula Composites's Days Payable declined from Oct. 2021 (64.61) to Oct. 2023 (37.02). It may suggest that Aluula Composites accelerated paying its suppliers.

Aluula Composites Days Payable Historical Data

The historical data trend for Aluula Composites'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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Aluula Composites Days Payable Chart

Aluula Composites Annual Data

Trend

Oct21

Oct22

Oct23

Days Payable

64.61

96.17

37.02

Aluula Composites Semi-Annual Data
	Oct21	Oct22	Oct23
Days Payable	64.61	96.17	37.02

Competitive Comparison of Aluula Composites's Days Payable

For the Textile Manufacturing subindustry, Aluula Composites'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.

Aluula Composites's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aluula Composites's Days Payable distribution charts can be found below:

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

Aluula Composites 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.

Aluula Composites's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0.695	+	0.415)	/	2 )	/	5.472	*	365
=	0.555					/	5.472	*	365
=	37.02

Aluula Composites's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0.695	+	0.415)	/	2 )	/	5.472	*	365 / 2
=	0.555					/	5.472	*	365 / 2
=	18.51

Aluula Composites Days Payable Related Terms

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Aluula Composites (TSXV:AUUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aluula Composites Inc (TSXV:AUUA) » Definitions » Days Payable

Traded in Other Exchanges

AUUAF:USA

Address

4240 Glanford Avenue, Suite 300, Victoria, BC, CAN, V8Z 4B8

Website

https://www.aluula.com

Aluula Composites Inc is a manufacturer of composite materials. It specializes in the production of lightweight and high performance composite materials for various applications, including the wind sports, outdoor, sailing, and aerospace markets. The company utilizes advanced manufacturing technologies, such as 3D printing, to produce its composite materials and components.

Aluula Composites (TSXV:AUUA) Headlines

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