Orbit Technologies (XTAE:ORBI) Days Payable : 80.05 (As of Jun. 2023)

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What is Orbit Technologies Days Payable?

Orbit Technologies's average Accounts Payable for the three months ended in Jun. 2023 was ₪31.7 Mil. Orbit Technologies's Cost of Goods Sold for the three months ended in Jun. 2023 was ₪36.1 Mil. Hence, Orbit Technologies's Days Payable for the three months ended in Jun. 2023 was 80.05.

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

XTAE:ORBI' s Days Payable Range Over the Past 10 Years
Min: 57.04 Med: 74.46 Max: 184.09
Current: 184.09

During the past 7 years, Orbit Technologies's highest Days Payable was 184.09. The lowest was 57.04. And the median was 74.46.

XTAE:ORBI's Days Payable is ranked better than
78.19% of 298 companies
in the Aerospace & Defense industry
Industry Median: 78.04 vs XTAE:ORBI: 184.09

Orbit Technologies's Days Payable declined from Mar. 2022 (85.93) to Jun. 2023 (80.05). It may suggest that Orbit Technologies accelerated paying its suppliers.

Orbit Technologies Days Payable Historical Data

The historical data trend for Orbit Technologies'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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Orbit Technologies Days Payable Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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71.58

57.04

59.97

77.34

90.11

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial						85.93	-	-	103.59	80.05

Competitive Comparison of Orbit Technologies's Days Payable

For the Aerospace & Defense subindustry, Orbit Technologies'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.

Orbit Technologies's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Orbit Technologies's Days Payable distribution charts can be found below:

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

Orbit Technologies 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.

Orbit Technologies's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (27.129	+	40.869)	/	2 )	/	137.724	*	365
=	33.999					/	137.724	*	365
=	90.11

Orbit Technologies's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (33.563	+	29.859)	/	2 )	/	36.146	*	365 / 4
=	31.711					/	36.146	*	365 / 4
=	80.05

Orbit Technologies Days Payable Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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