Miller Industries (Miller Industries) Days Payable : 59.97 (As of Dec. 2023)

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What is Miller Industries Days Payable?

Miller Industries's average Accounts Payable for the three months ended in Dec. 2023 was $169 Mil. Miller Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $258 Mil. Hence, Miller Industries's Days Payable for the three months ended in Dec. 2023 was 59.97.

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

MLR' s Days Payable Range Over the Past 10 Years
Min: 48.97 Med: 54.57 Max: 59.95
Current: 59.95

During the past 13 years, Miller Industries's highest Days Payable was 59.95. The lowest was 48.97. And the median was 54.57.

MLR's Days Payable is ranked worse than
54.56% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs MLR: 59.95

Miller Industries's Days Payable increased from Dec. 2022 (53.06) to Dec. 2023 (59.97). It may suggest that Miller Industries delayed paying its suppliers.

Miller Industries Days Payable Historical Data

The historical data trend for Miller Industries'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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Miller Industries Days Payable Chart

Miller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.05

57.75

58.41

58.90

57.82

Miller Industries 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															53.06	53.43	62.80	66.10	59.97

Competitive Comparison of Miller Industries's Days Payable

For the Auto Parts subindustry, Miller Industries'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.

Miller Industries's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Days Payable distribution charts can be found below:

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

Miller Industries 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.

Miller Industries'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
=	( (125.5	+	191.782)	/	2 )	/	1001.5	*	365
=	158.641					/	1001.5	*	365
=	57.82

Miller Industries'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
=	( (146.79	+	191.782)	/	2 )	/	257.606	*	365 / 4
=	169.286					/	257.606	*	365 / 4
=	59.97

Miller Industries Days Payable Related Terms

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Miller Industries (Miller Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Miller Industries Inc (NYSE:MLR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8503 Hilltop Drive, Ooltewah, TN, USA, 37363

Website

https://www.millerind.com

Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold primarily in North America, Canada, and Mexico through independent distributors.

Executives

Jill Sutton	director	313 IRON HORSE WAY, PROVIDENCE RI 02908
Peter Lee Jackson	director	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Javier A Reyes	director	65 FALLING WATER LANE, MORGANTOWN WV 26508
Susan E Sweeney	director	5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Jeffrey I Badgley	officer: Co-CEO
Miller William G. Ii	director, officer: CEO and President	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Josias W. Reyneke	officer: Chief Information Officer	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Deborah L Whitmire	director, officer: Chief Financial Officer	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Frank Madonia	officer: Executive VP, Secretary & GC
Vincent J. Tiano	officer: Vice President and CRO	8515 CAVANAUGH LANE, HIXSON TN 37343
Jamison Linden	officer: Vice President and CMO	8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Leigh Walton	director	150 THIRD AVENUE SOUTH, SUITE 2800, NASHVILLE TN 37201
Ashford Theodore H. Iii	director	909 STUART ROAD, WILMINGTON DE 19807
Richard H Roberts	director	C/O MILLER INDUSTRIES, INC., 8503 HILLTOP DRIVE, OOLTEWAH TN 37363
Chandler A Russell Iii	director	C/O KILPATRICK STOCKTON LLP, 110 PEACHTREE STREET SUITE 2800, ATLANTA GA 30309