Quanex Building Products (FRA:4Q2) Days Payable : 32.04 (As of Jan. 2024)

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What is Quanex Building Products Days Payable?

Quanex Building Products's average Accounts Payable for the three months ended in Jan. 2024 was €61 Mil. Quanex Building Products's Cost of Goods Sold for the three months ended in Jan. 2024 was €172 Mil. Hence, Quanex Building Products's Days Payable for the three months ended in Jan. 2024 was 32.04.

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

FRA:4Q2' s Days Payable Range Over the Past 10 Years
Min: 24.54 Med: 31.29 Max: 39.05
Current: 28.87

During the past 13 years, Quanex Building Products's highest Days Payable was 39.05. The lowest was 24.54. And the median was 31.29.

FRA:4Q2's Days Payable is ranked worse than
89.46% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs FRA:4Q2: 28.87

Quanex Building Products's Days Payable declined from Jan. 2023 (32.20) to Jan. 2024 (32.04). It may suggest that Quanex Building Products accelerated paying its suppliers.

Quanex Building Products Days Payable Historical Data

The historical data trend for Quanex Building Products'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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Quanex Building Products Days Payable Chart

Quanex Building Products Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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29.97

40.17

35.78

29.03

33.77

Quanex Building Products Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															32.20	28.45	28.17	30.19	32.04

Competitive Comparison of Quanex Building Products's Days Payable

For the Building Products & Equipment subindustry, Quanex Building Products'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.

Quanex Building Products's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Quanex Building Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Quanex Building Products's Days Payable falls into.

Quanex Building Products 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.

Quanex Building Products'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
=	( (79.076	+	70.429)	/	2 )	/	807.847	*	365
=	74.7525					/	807.847	*	365
=	33.77

Quanex Building Products's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (70.429	+	50.587)	/	2 )	/	172.329	*	365 / 4
=	60.508					/	172.329	*	365 / 4
=	32.04

Quanex Building Products Days Payable Related Terms

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Quanex Building Products (FRA:4Q2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (FRA:4Q2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NX:USA

Address

945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024

Website

https://www.quanex.com

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Quanex Building Products (FRA:4Q2) Headlines

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