Finning International (Finning International) Days Payable : 59.29 (As of Dec. 2023)

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What is Finning International Days Payable?

Finning International's average Accounts Payable for the three months ended in Dec. 2023 was $980 Mil. Finning International's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,509 Mil. Hence, Finning International's Days Payable for the three months ended in Dec. 2023 was 59.29.

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

FINGF' s Days Payable Range Over the Past 10 Years
Min: 55.45 Med: 71.37 Max: 83.52
Current: 62.39

During the past 13 years, Finning International's highest Days Payable was 83.52. The lowest was 55.45. And the median was 71.37.

FINGF's Days Payable is ranked better than
58.74% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.24 vs FINGF: 62.39

Finning International's Days Payable declined from Dec. 2022 (61.87) to Dec. 2023 (59.29). It may suggest that Finning International accelerated paying its suppliers.

Finning International Days Payable Historical Data

The historical data trend for Finning International'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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Finning International Days Payable Chart

Finning International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.80

69.93

55.43

60.44

61.31

Finning International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															61.87	71.94	57.91	-	59.29

Competitive Comparison of Finning International's Days Payable

For the Industrial Distribution subindustry, Finning International'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.

Finning International's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Finning International's Days Payable distribution charts can be found below:

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

Finning International 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.

Finning International'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
=	( (1010.674	+	980.173)	/	2 )	/	5926.506	*	365
=	995.4235					/	5926.506	*	365
=	61.31

Finning International'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
=	( (0	+	980.173)	/	1 )	/	1508.647	*	365 / 4
=	980.173					/	1508.647	*	365 / 4
=	59.29

Finning International Days Payable Related Terms

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Finning International (Finning International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (OTCPK:FINGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.