Sono-Tek Corp

NASDAQ SOTK

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Sono-Tek Corp Accounts Payable Turnover Ratio for the year ending February 29, 2024: 18.77

Sono-Tek Corp Accounts Payable Turnover Ratio is 18.77 for the year ending February 29, 2024, a 1.05% 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.

Sono-Tek Corp Accounts Payable Turnover Ratio for the year ending February 28, 2023 was 18.57, a -25.80% change year over year.
Sono-Tek Corp Accounts Payable Turnover Ratio for the year ending February 28, 2022 was 25.03, a 118.43% change year over year.
Sono-Tek Corp Accounts Payable Turnover Ratio for the year ending February 28, 2021 was 11.46, a -50.10% change year over year.
Sono-Tek Corp Accounts Payable Turnover Ratio for the year ending February 29, 2020 was 22.96, a 15.84% change year over year.

NASDAQ: SOTK

Sono-Tek Corp

CEO	Dr. Christopher L. Coccio Ph.D.
IPO Date	May 6, 1987
Location	United States
Headquarters	2012 Route 9W, Milton, NY, United States, 12547
Employees	73
Sector	Technology
Industry	Scientific & technical instruments

Description

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company provides nozzles and generators for manufacturers' equipment. Its products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. In addition, the company provides surface coating solutions and application consulting services. It markets and distributes its products through direct sales personnel, select independent distributors, and sales representatives. Sono-Tek Corporation was incorporated in 1975 and is headquartered in Milton, New York.

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