Alto Ingredients (Alto Ingredients) Days Payable : 7.37 (As of Mar. 2024)

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What is Alto Ingredients Days Payable?

Alto Ingredients's average Accounts Payable for the three months ended in Mar. 2024 was $20 Mil. Alto Ingredients's Cost of Goods Sold for the three months ended in Mar. 2024 was $243 Mil. Hence, Alto Ingredients's Days Payable for the three months ended in Mar. 2024 was 7.37.

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

ALTO' s Days Payable Range Over the Past 10 Years
Min: 4.42 Med: 7.62 Max: 10.48
Current: 7.32

During the past 13 years, Alto Ingredients's highest Days Payable was 10.48. The lowest was 4.42. And the median was 7.62.

ALTO's Days Payable is ranked worse than
98.21% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs ALTO: 7.32

Alto Ingredients's Days Payable declined from Mar. 2023 (7.56) to Mar. 2024 (7.37). It may suggest that Alto Ingredients accelerated paying its suppliers.

Alto Ingredients Days Payable Historical Data

The historical data trend for Alto Ingredients'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.

Alto Ingredients Days Payable Chart

Alto Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.85

9.15

5.81

6.88

7.39

Alto Ingredients Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															7.56	7.65	7.25	7.39	7.37

Competitive Comparison of Alto Ingredients's Days Payable

For the Specialty Chemicals subindustry, Alto Ingredients'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.

Alto Ingredients's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Alto Ingredients's Days Payable distribution charts can be found below:

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

Alto Ingredients 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.

Alto Ingredients'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
=	( (28.115	+	20.752)	/	2 )	/	1207.287	*	365
=	24.4335					/	1207.287	*	365
=	7.39

Alto Ingredients'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
=	( (20.752	+	18.508)	/	2 )	/	243.029	*	365 / 4
=	19.63					/	243.029	*	365 / 4
=	7.37

Alto Ingredients Days Payable Related Terms

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Alto Ingredients (Alto Ingredients) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alto Ingredients Inc (NAS:ALTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FPRP:Germany FPR:Germany

Address

1300 South Second Street, Pekin, IL, USA, 61554

Website

https://www.altoingredients.com

Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.

Executives

Robert R. Olander	officer: Chief Financial Officer	1300 SOUTH SECOND STREET, PEKIN IL 61554
Gilbert E Nathan	director	C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Auste M Graham	officer: Gen. Counsel, VP & Secy	C/O ALTO INGREDIENTS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61554
Maria G Gray	director	C/O ALTO INGREDIENTS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61554
Bryon T Mcgregor	officer: Interim CFO	400 CAPITAL MALL, #2060, SACRAMENTO CA 95814
Christopher W Wright	officer: VP, General Counsel, & Secy	C/O PACIFIC ETHANOL, INC., 5711 N. WEST AVENUE, FRESNO CA 93711
William L Jones	10 percent owner	5711 N. WEST AVENUE, FRESNO CA 93711
James R Sneed	officer: VP of Ethanol Supply & Trading	AVENTINE RENEWABLE ENERGY HOLDINGS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61555
Neil M Koehler	director, officer: CEO, President	PACIFIC ETHANOL, INC., 5711 N. WEST AVENUE, FRESNO CA 93711
Douglas L Kieta	director	17831 SHADOW VALLEY DRIVE, SPRING TX 77379
Winston Mar	officer: Chief Restructuring Officer	46 PENINSULA CENTER #188, ROLLING HILLS ESTATES CA 90274
Dianne S. Nury	director	C/O PACIFIC ETHANOL INC., 400 CAPITOL MALL, SUITE 2060, SACRAMENTO CA 95814
Michael D Kandris	director	400 CAPITAL MALL, #2060, SACRAMENTO CA 95814
Paul Koehler	officer: VP of Corporate Development	C/O TOWERSTREAM CORPORATION, 55 HAMMARLUND WAY, MIDDLETOWN RI 02842
Larry D Layne	director	C/O PACIFIC ETHANOL, INC., 400 CAPITOL MALL, #2060, SACRAMENTO CA 95814