Franklin Electric Co (Franklin Electric Co) Days Payable

: 47.13 (As of Dec. 2023)

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Franklin Electric Co's average Accounts Payable for the three months ended in Dec. 2023 was $162 Mil. Franklin Electric Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $313 Mil. Hence, Franklin Electric Co's Days Payable for the three months ended in Dec. 2023 was 47.13.

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

FELE' s Days Payable Range Over the Past 10 Years
Min: 32.78 Med: 36.68 Max: 43.81
Current: 43.32

During the past 13 years, Franklin Electric Co's highest Days Payable was 43.81. The lowest was 32.78. And the median was 36.68.

FELE's Days Payable is ranked worse than
76.14% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs FELE: 43.32

Franklin Electric Co's Days Payable increased from Dec. 2022 (41.33) to Dec. 2023 (47.13). It may suggest that Franklin Electric Co delayed paying its suppliers.

Franklin Electric Co Days Payable Historical Data

The historical data trend for Franklin Electric Co'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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Franklin Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

32.78

40.01

43.81

41.03

38.91

Franklin Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																41.33	46.33	41.86	43.03	47.13

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Franklin Electric Co'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.

Franklin Electric Co Days Payable Distribution

For the Industrial Products industry and Industrials sector, Franklin Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Franklin Electric Co's Days Payable falls into.

Franklin Electric Co 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.

Franklin Electric Co'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
=	( (139.266	+	152.419)	/	2 )	/	1368.125	*	365
=	145.8425					/	1368.125	*	365
=	38.91

Franklin Electric Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (170.862	+	152.419)	/	2 )	/	312.961	*	365 / 4
=	161.6405					/	312.961	*	365 / 4
=	47.13

Franklin Electric Co Days Payable Related Terms

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Franklin Electric Co (Franklin Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Franklin Electric Co Inc (NAS:FELE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FE4:Germany

Address

9255 Coverdale Road, Fort Wayne, IN, USA, 46809

Website

https://www.franklin-electric.com

Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.

Executives

Gregg C Sengstack	officer: Senior Vice President and CFO	FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809
Delancey W Davis	officer: Vice President, Director of Sa	FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Greg Michael Levine	officer: VP & President, Global Water	954 CHAPEL OAKS ROAD, FRONTENAC MO 63131
Jonathan M. Grandon	officer: Chief Administrative Officer	56 EAST BELL DRIVE, P.O. BOX, WARSAW IN 46581
Donald P Kenney	officer: VP and President Energy System	FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Paul Chhabra	officer: VP, Global Product Supply	9255 COVERDALE ROAD, FORT WAYNE IN 46809
Jeffery L Taylor	officer: Vice President and CFO	1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE IN 47905
Chris Villavarayan	director	C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Brent L Spikes	officer: VP, Global Manufacturing Ops	10330 CYGNET COVE, ROANOKE IN 46783
Kenneth Keene	officer: VP, Global Supply Chain	626 MONTE VISTA DRIVE, FORT WAYNE IN 46814
John J Haines	officer: Vice President and CFO	FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Luxfer Holdings Plc	director	LUMNS LANE, MANCHESTER X0 M27 8LN
Alok Maskara	director	2140 LAKE PARK BLVD, RICHARDSON TX 75080
Jay J Walsh	officer: President, Franklin Fueling	502 CABRILLO COURT, VERONA WI 53593
Julie Scheck Freigang	officer: Vice President	515 FRANKLIN STREET, MICHIGAN CITY IN 46360