Loar Holdings (Loar Holdings) Days Payable : 25.75 (As of Mar. 2024)

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What is Loar Holdings Days Payable?

Loar Holdings's average Accounts Payable for the three months ended in Mar. 2024 was $13.38 Mil. Loar Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $47.41 Mil. Hence, Loar Holdings's Days Payable for the three months ended in Mar. 2024 was 25.75.

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

LOAR' s Days Payable Range Over the Past 10 Years
Min: 25.77 Med: 27.39 Max: 103.01
Current: 103.01

During the past 2 years, Loar Holdings's highest Days Payable was 103.01. The lowest was 25.77. And the median was 27.39.

LOAR's Days Payable is ranked better than
59.53% of 299 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs LOAR: 103.01

Loar Holdings's Days Payable increased from . 20 (0.00) to Mar. 2024 (25.75). It may suggest that Loar Holdings delayed paying its suppliers.

Loar Holdings Days Payable Historical Data

The historical data trend for Loar Holdings'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.

Loar Holdings Days Payable Chart

Loar Holdings Annual Data

Trend

Dec22

Dec23

Days Payable

29.01

25.77

Loar Holdings Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Days Payable	-	24.28	-	25.75

Competitive Comparison of Loar Holdings's Days Payable

For the Aerospace & Defense subindustry, Loar Holdings'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.

Loar Holdings's Days Payable Distribution in the Aerospace & Defense Industry

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

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

Loar Holdings 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.

Loar Holdings'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
=	( (10.167	+	12.876)	/	2 )	/	163.213	*	365
=	11.5215					/	163.213	*	365
=	25.77

Loar Holdings'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
=	( (12.876	+	13.884)	/	2 )	/	47.411	*	365 / 4
=	13.38					/	47.411	*	365 / 4
=	25.75

Loar Holdings Days Payable Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 New King Street, White Plains, New York, NY, USA, 10604

Website

https://www.loargroup.com

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024