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Meritor (Meritor) Days Payable : 63.44 (As of Mar. 2022)


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What is Meritor Days Payable?

Meritor's average Accounts Payable for the three months ended in Mar. 2022 was $707 Mil. Meritor's Cost of Goods Sold for the three months ended in Mar. 2022 was $1,017 Mil. Hence, Meritor's Days Payable for the three months ended in Mar. 2022 was 63.44.

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

MTOR' s Days Payable Range Over the Past 10 Years
Min: 54.62   Med: 69.83   Max: 77.47
Current: 65.28

During the past 13 years, Meritor's highest Days Payable was 77.47. The lowest was 54.62. And the median was 69.83.

MTOR's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 65.67 vs MTOR: 65.28

Meritor's Days Payable increased from Mar. 2021 (56.72) to Mar. 2022 (63.44). It may suggest that Meritor delayed paying its suppliers.


Meritor Days Payable Historical Data

The historical data trend for Meritor'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.

Meritor Days Payable Chart

Meritor Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.25 67.90 63.79 69.41 54.62

Meritor Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.72 63.28 65.90 64.31 63.44

Competitive Comparison of Meritor's Days Payable

For the Auto Parts subindustry, Meritor'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.


Meritor's Days Payable Distribution in the Vehicles & Parts Industry

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

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



Meritor 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.

Meritor's Days Payable for the fiscal year that ended in Sep. 2021 is calculated as

Days Payable (A: Sep. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2020 ) + Accounts Payable (A: Sep. 2021 )) / count ) / Cost of Goods Sold (A: Sep. 2021 )*Days in Period
=( (423 + 573) / 2 ) / 3328*365
=498 / 3328*365
=54.62

Meritor's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

Days Payable (Q: Mar. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2021 ) + Accounts Payable (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (635 + 779) / 2 ) / 1017*365 / 4
=707 / 1017*365 / 4
=63.44

* 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.


Meritor Days Payable Related Terms

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


Meritor (Meritor) Business Description

Traded in Other Exchanges
N/A
Address
2135 West Maple Road, Troy, MI, USA, 48084-7186
Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.
Executives
Anderson Carl Douglas Ii officer: SVP and CFO C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
John Nelligan officer: SVP & Pres., Truck, Americas 2490 PEBBLE BEACH DRIVE OAKLAND MI 48363
Jeffrey A Craig director, officer: CEO & President MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Chris Villavarayan officer: Pres., Americas C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Paul Bialy officer: VP, Controller & PAO C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084
Ken Hogan officer: SVP & Pres. Truck, EUR & APAC 8250 LINCOLN DR HUNTINGTON WOODS MI 48070
Elizabeth Anne Fessenden director 1137 WEST AVENUE, RICHMOND VA 23220
Bowes Timothy Earl Joseph officer: SVP & Pres. Ind & NA Aftmkt 2135 WEST MAPLE ROAD, TROY MI 48084
Ivor J Evans director MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
William R Newlin director C/O CARMELL THERAPEUTICS CORPORATION, 2403 SIDNEY STREET, SUITE 300, PITTSBURGH PA 15203
Timothy J. Heffron officer: VP, HR & CIO C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084
Fazal F Merchant director 2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Hannah S. Lim officer: SVP, CLO & Corp Sec 2135 WEST MAPLE ROAD, TROY MI 48084
Joseph A. Plomin officer: Pres., International C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084
Boise April Miller officer: SVP, GC & Corp Sec C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054