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Manitex International (Manitex International) Days Payable

: 72.08 (As of Dec. 2023)
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Manitex International's average Accounts Payable for the three months ended in Dec. 2023 was $49.2 Mil. Manitex International's Cost of Goods Sold for the three months ended in Dec. 2023 was $62.2 Mil. Hence, Manitex International's Days Payable for the three months ended in Dec. 2023 was 72.08.

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

MNTX' s Days Payable Range Over the Past 10 Years
Min: 66.6   Med: 75.94   Max: 95.26
Current: 78.49

During the past 13 years, Manitex International's highest Days Payable was 95.26. The lowest was 66.60. And the median was 75.94.

MNTX's Days Payable is ranked better than
53.17% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs MNTX: 78.49

Manitex International's Days Payable increased from Dec. 2022 (66.43) to Dec. 2023 (72.08). It may suggest that Manitex International delayed paying its suppliers.


Manitex International Days Payable Historical Data

The historical data trend for Manitex International'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.

Manitex International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.48 82.84 78.24 73.23 74.36

Manitex International 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 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 66.43 81.02 79.63 86.41 72.08

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Manitex International'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.


Manitex International Days Payable Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitex International's Days Payable distribution charts can be found below:

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



Manitex International 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.

Manitex International'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
=( (45.682 + 47.644) / 2 ) / 229.037*365
=46.663 / 229.037*365
=74.36

Manitex International'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
=( (50.665 + 47.644) / 2 ) / 62.231*365 / 4
=49.1545 / 62.231*365 / 4
=72.08

* 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.


Manitex International Days Payable Related Terms

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


Manitex International (Manitex International) Business Description

Traded in Other Exchanges
Address
9725 Industrial Drive, Bridgeview, IL, USA, 60455
Manitex International Inc through its subsidiaries is engaged in the design, manufacture, and distribution of engineered lifting solutions. Its products include boom trucks, truck cranes, and sign cranes. The company's segments include Lifting Equipment and Rental Equipment. It generates maximum revenue from the Lifting Equipment segment. Geographically, it derives a majority of its revenue from the United States.
Executives
David J Langevin director, officer: Chairman of the Board & CEO 50120 PONTIAC TRAIL, WIXOM MI 48393
Takashi Kiso director 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60466
Michael Coffey officer: Chief Executive Officer 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60466
Joseph Doolan officer: Chief Financial Officer C/O APAC CUSTOMER SERVICES, INC., SIX PARKWAY NORTH, DEERFIELD IL 60015
Steve Filipov director, officer: Chief Executive Officer C/O TEREX CORP, 500 POST RD, WESTPORT CT 06850
Marvin B Rosenberg director 3228 PIGNATELLI CRESCENT, MOUNT PLEASANT SC 29466
Laura Ruoru Yu officer: VP Finance & Corp. Controller 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455
Robert S Gigliotti director 901 WILSHIRE DR, STE 400, TROY MI 48084
Ingo Schiller director 4242 WEST GREENS ROAD, HOUSTON TX 77066
Tadano Ltd. 10 percent owner KO-34 SHINDEN-CHO, KAGAWA PREFECTURE, TAKAMATSU M0 761-0185
Sherman Jung officer: VP Fin. Reporting (PFO/PAO) 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455
Steve Kiefer officer: President, North America 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455
Michael Schneider officer: SVP, CFO, Treas., & Secretary 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455
Ronald Michael Clark director 72 CATBRIER ROAD, WESTON CT 06883
Lubomir T. Litchev officer: President, Manufacturing Ops. 10 HIGH MEADOW TRAIL, DILLON CO 80435