Cintas (Cintas) Days Payable

: 23.39 (As of Feb. 2024)

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Cintas's average Accounts Payable for the three months ended in Feb. 2024 was $312 Mil. Cintas's Cost of Goods Sold for the three months ended in Feb. 2024 was $1,218 Mil. Hence, Cintas's Days Payable for the three months ended in Feb. 2024 was 23.39.

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

CTAS' s Days Payable Range Over the Past 10 Years
Min: 14.94 Med: 20.55 Max: 22.93
Current: 22.93

During the past 13 years, Cintas's highest Days Payable was 22.93. The lowest was 14.94. And the median was 20.55.

CTAS's Days Payable is ranked worse than
74.57% of 928 companies
in the Business Services industry
Industry Median: 47.72 vs CTAS: 22.93

Cintas's Days Payable stayed the same from Feb. 2023 (23.39) to Feb. 2024 (23.39). stayed the same

Cintas Days Payable Historical Data

The historical data trend for Cintas'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.

Cintas Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

21.39

21.66

22.17

20.85

21.77

Cintas Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																23.39	22.28	23.45	23.32	23.39

Competitive Comparison

For the Specialty Business Services subindustry, Cintas'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.

Cintas Days Payable Distribution

For the Business Services industry and Industrials sector, Cintas's Days Payable distribution charts can be found below:

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

Cintas 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.

Cintas's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (251.504	+	302.292)	/	2 )	/	4642.401	*	365
=	276.898					/	4642.401	*	365
=	21.77

Cintas's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (316.697	+	307.941)	/	2 )	/	1218.325	*	365 / 4
=	312.319					/	1218.325	*	365 / 4
=	23.39

Cintas Days Payable Related Terms

Thank you for viewing the detailed overview of Cintas's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cintas (Cintas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (NAS:CTAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTAS:Mexico CIT:Germany CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.

Executives

J. Michael Hansen	officer: VP & CFO	6800 CINTAS BOULEVARD, CINCINNATI OH 45262-5737
Ronald W Tysoe	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Robert E. Coletti	director, officer: Assistant Secretary	P.O. BOX 625737, 6800 CINTAS BLVD., CINCINNATI OH 45262
Melanie W. Barstad	director	P.O. BOX 625737, MASON OH 45040
David Brock Denton	officer: Sr VP, Secretary & Gen Counsel	P.O. BOX 625737, CINCINNATI OH 45262
John F Barrett	director
Michael Lawrence Thompson	officer: Executive Vice President & CAO	6800 CINTAS BOULEVARD, P.O. BOX 625737, CINCINNATI OH 45262
Todd M. Schneider	director, officer: CEO and Director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Gerald S Adolph	director	101 PARK AVENUE, ROOM 2005, NEW YORK NY 10178
Jim Rozakis	officer: Executive Vice President & COO	6800 CINTAS BLVD, CINCINNATI OH 45262
Martin Mucci	director	911 PANORAMA TRAIL S, ROCHESTER NY 14625
Thomas E Frooman	officer: VP, Secretary & Gen. Counsel
James J Johnson	director	C/O THE PROCTER & GAMBLE COMPANY,, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
James Phillip Holloman	officer: President and COO	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262