Minerals Technologies (Minerals Technologies) Days Payable : 43.89 (As of Mar. 2024)

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What is Minerals Technologies Days Payable?

Minerals Technologies's average Accounts Payable for the three months ended in Mar. 2024 was $192 Mil. Minerals Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $399 Mil. Hence, Minerals Technologies's Days Payable for the three months ended in Mar. 2024 was 43.89.

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

MTX' s Days Payable Range Over the Past 10 Years
Min: 37.54 Med: 44.73 Max: 48.91
Current: 44.54

During the past 13 years, Minerals Technologies's highest Days Payable was 48.91. The lowest was 37.54. And the median was 44.73.

MTX's Days Payable is ranked worse than
66.69% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs MTX: 44.54

Minerals Technologies's Days Payable declined from Mar. 2023 (44.99) to Mar. 2024 (43.89). It may suggest that Minerals Technologies accelerated paying its suppliers.

Minerals Technologies Days Payable Historical Data

The historical data trend for Minerals Technologies'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.

Minerals Technologies Days Payable Chart

Minerals Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.94

47.83

44.52

42.85

41.98

Minerals Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															44.99	46.33	42.81	42.69	43.89

Competitive Comparison of Minerals Technologies's Days Payable

For the Specialty Chemicals subindustry, Minerals Technologies'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.

Minerals Technologies's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Minerals Technologies's Days Payable distribution charts can be found below:

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

Minerals Technologies 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.

Minerals Technologies'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
=	( (193.8	+	188.7)	/	2 )	/	1662.8	*	365
=	191.25					/	1662.8	*	365
=	41.98

Minerals Technologies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (188.7	+	194.7)	/	2 )	/	398.6	*	365 / 4
=	191.7					/	398.6	*	365 / 4
=	43.89

Minerals Technologies Days Payable Related Terms

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Minerals Technologies (Minerals Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Minerals Technologies Inc (NYSE:MTX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MNK:Germany

Address

622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707

Website

https://www.mineralstech.com

Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

Executives

Dj Iii Monagle	officer: Vice President	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Brett Argirakis	officer: Vice President	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Michael Cipolla	officer: CONTROLLER	C/O MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE, NEW YORK NY 10017
Douglas T Dietrich	officer: Vice President	622 THIRD AVENUE, NEW YORK X1 10017
Jonathan J Hastings	officer: Vice President	622 THIRD AVENUE, NEW YORK NY 10017
Rocky Motwani	director	MINERALS TECHNOLOGIES INC., 622 3RD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Marc E Robinson	director	MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Joseph C. Breunig	director	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Alison Ann Deans	director	C/O NEUBERGER BERMAN, LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Franklin Feder	director	MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
John J Carmola	director	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Robert L Clark	director	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Carolyn K Pittman	director	622 THIRD AVENUE 38TH FL, MINERALS TECHNOLOGIES, NEW YORK NY 10017
Timothy Jordan	officer: Vice President	622 3RD AVENUE, 38TH FL, NEW YORK NY 10017
Thomas J Meek	officer: Vice President	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017