Astrotech Corp

NASDAQ ASTC

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Astrotech Corp Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -15.26%

Astrotech Corp Accounts Payable Turnover Ratio 5 year CAGR is -15.26% for the Trailing 12 Months (TTM) ending March 31, 2024, a 24.38% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Astrotech Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.32, a -85.51% change year over year.
Astrotech Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 2.20, a 169.36% change year over year.
Astrotech Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.82, a 29.65% change year over year.
Astrotech Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.63, a 237.07% change year over year.

NASDAQ: ASTC

Astrotech Corp

CEO	Mr. Thomas Boone Pickens III
IPO Date	Dec. 20, 1995
Location	United States
Headquarters	2105 Donley Drive, Austin, TX, United States, 78758
Employees	22
Sector	Industrials
Industry	Aerospace & defense

Description

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders. In addition, it develops AgLAB-1000, a mass spectrometer for use in the hemp and cannabis market. Further, the company develops BreathTest-1000, a breath analysis tool to screen for volatile organic compound metabolites found in a person's breath. The company was formerly known as SPACEHAB, Inc. and changed its name to Astrotech Corporation in 2009. The company was incorporated in 1984 and is based in Austin, Texas.

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