McGrath RentCorp (McGrath RentCorp) Days Payable : 0.00 (As of Dec. 2023)

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What is McGrath RentCorp Days Payable?

McGrath RentCorp's average Accounts Payable for the three months ended in Dec. 2023 was $0.0 Mil. McGrath RentCorp's Cost of Goods Sold for the three months ended in Dec. 2023 was $111.5 Mil. Hence, McGrath RentCorp's Days Payable for the three months ended in Dec. 2023 was 0.00.

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

MGRC's Days Payable is not ranked ^*
in the Business Services industry.
Industry Median: 47.39
* Ranked among companies with meaningful Days Payable only.

McGrath RentCorp's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00). stayed the same

McGrath RentCorp Days Payable Historical Data

The historical data trend for McGrath RentCorp'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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McGrath RentCorp Days Payable Chart

McGrath RentCorp Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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McGrath RentCorp 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															-	-	-	-	-

Competitive Comparison of McGrath RentCorp's Days Payable

For the Rental & Leasing Services subindustry, McGrath RentCorp'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.

McGrath RentCorp's Days Payable Distribution in the Business Services Industry

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

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

McGrath RentCorp 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.

McGrath RentCorp'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
=	( (0	+	0)	/	1 )	/	438.209	*	365
=	0					/	438.209	*	365
=	0.00

McGrath RentCorp'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	+	0)	/	1 )	/	111.466	*	365 / 4
=	0					/	111.466	*	365 / 4
=	0.00

McGrath RentCorp Days Payable Related Terms

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McGrath RentCorp (McGrath RentCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (NAS:MGRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MG8:Germany

Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

Executives

Trease Kristina Van	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney	officer: VP, Controller, PAO	5700 LOS POSITAS ROAD, LIVERMORE CA 94551
Elizabeth A Fetter	director	1400 MARINA WAY SOUTH, RICHMOND CA 94804
Philip B Hawkins	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott	officer: Vice President Human Resources	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John Lieffrig	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John P Skenesky	officer: VP and Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Gilda Malek	officer: VP, Legal General Counsel	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford	director
Kimberly Ann Box	director	7157 TREELINE CT., GRANITE BAY CA 95746
Nicolas C Anderson	director	3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Kay Dashner	officer: Senior Human Resources Advisor	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Morris Richard Smith	director	1225 17TH STREET, SUITE 1300, DENVER CO 80202
Smita Conjeevaram	director	70 HERETOLD ROAD, BRONXVILLE NY 17708