Myers Industries (Myers Industries) Days Payable

: 54.48 (As of Dec. 2023)

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Myers Industries's average Accounts Payable for the three months ended in Dec. 2023 was $79.9 Mil. Myers Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $133.8 Mil. Hence, Myers Industries's Days Payable for the three months ended in Dec. 2023 was 54.48.

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

MYE' s Days Payable Range Over the Past 10 Years
Min: 45.97 Med: 57.4 Max: 68.64
Current: 53.84

During the past 13 years, Myers Industries's highest Days Payable was 68.64. The lowest was 45.97. And the median was 57.40.

MYE's Days Payable is ranked worse than
53.41% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.52 vs MYE: 53.84

Myers Industries's Days Payable increased from Dec. 2022 (52.70) to Dec. 2023 (54.48). It may suggest that Myers Industries delayed paying its suppliers.

Myers Industries Days Payable Historical Data

The historical data trend for Myers 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.

* Premium members only.

Myers Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

57.08

58.25

47.40

45.97

50.27

Myers 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																52.70	52.67	57.09	54.75	54.48

Competitive Comparison

For the Packaging & Containers subindustry, Myers 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.

Myers Industries Days Payable Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Days Payable distribution charts can be found below:

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

Myers 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.

Myers 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
=	( (73.536	+	79.05)	/	2 )	/	553.981	*	365
=	76.293					/	553.981	*	365
=	50.27

Myers 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
=	( (80.76	+	79.05)	/	2 )	/	133.845	*	365 / 4
=	79.905					/	133.845	*	365 / 4
=	54.48

Myers Industries Days Payable Related Terms

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

Myers Industries (Myers Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (NYSE:MYE) » Definitions » Days Payable

Comparable Companies

PACK TRS KRT VKSC YHGJ MGIH DSS OCTO AMBP OI BALL AVY PKG AMCR IP WRK DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

MJF:Germany

Address

1293 South Main Street, Akron, OH, USA, 44301

Website

https://www.myersindustries.com

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.

Executives

Yvette Dapremont Bright	director	739 WESTVIEW STREET, PHILADELPHIA PA 19119
Michael P. Mcgaugh	director, officer: President and CEO	1293 SOUTH MAIN STREET, AKRON OH 44301
Fitz E Grant	officer: EVP & CFO	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Lori A. Lutey	director	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Jeffrey Kramer	director	C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
William A Foley	director	P O BOX 10060, TOLEDO OH 436990060
Monica P. Vinay	officer: Interim CFO, VP and Treasurer	1293 SOUTH MAIN STREET, AKRON OH 44301
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Ronald M Defeo	director	600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219
Jim Gurnee	officer: VP Sales/Marketing/Commercial	1293 S MAIN ST, AKRON OH 44301
Paul Allan Johnson	officer: VP, Distribution Segment	1293 SOUTH MAIN STREET, AKRON OH 44301
Jeffrey Jon Baker	officer: VP, Shared Services	1293 SOUTH MAIN STREET, AKRON OH 44301
Sarah R Coffin	director	31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277
Sonal P. Robinson	officer: EVP, Finance	1293 SOUTH MAIN STREET, AKRON OH 44301