Granite Construction (Granite Construction) Days Payable

: 48.13 (As of Dec. 2023)

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Granite Construction's average Accounts Payable for the three months ended in Dec. 2023 was $443 Mil. Granite Construction's Cost of Goods Sold for the three months ended in Dec. 2023 was $839 Mil. Hence, Granite Construction's Days Payable for the three months ended in Dec. 2023 was 48.13.

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

GVA' s Days Payable Range Over the Past 10 Years
Min: 27.27 Med: 34.05 Max: 46.66
Current: 44.5

During the past 13 years, Granite Construction's highest Days Payable was 46.66. The lowest was 27.27. And the median was 34.05.

GVA's Days Payable is ranked worse than
75.03% of 1602 companies
in the Construction industry
Industry Median: 73.815 vs GVA: 44.50

Granite Construction's Days Payable declined from Dec. 2022 (48.28) to Dec. 2023 (48.13). It may suggest that Granite Construction accelerated paying its suppliers.

Granite Construction Days Payable Historical Data

The historical data trend for Granite Construction'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.

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

44.04

46.66

37.54

41.00

43.55

Granite Construction Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																48.28	54.43	38.86	41.27	48.13

Competitive Comparison

For the Engineering & Construction subindustry, Granite Construction'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.

Granite Construction Days Payable Distribution

For the Construction industry and Industrials sector, Granite Construction's Days Payable distribution charts can be found below:

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

Granite Construction 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.

Granite Construction'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
=	( (334.392	+	408.363)	/	2 )	/	3112.739	*	365
=	371.3775					/	3112.739	*	365
=	43.55

Granite Construction'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
=	( (477.031	+	408.363)	/	2 )	/	839.387	*	365 / 4
=	442.697					/	839.387	*	365 / 4
=	48.13

Granite Construction Days Payable Related Terms

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Granite Construction (Granite Construction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Granite Construction Inc (NYSE:GVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GRG:Germany

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

Executives

Bradley Jay Williams	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Kyle T Larkin	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Staci M Woolsey	officer: Chief Accounting Officer	4875 S FRANKLIN ST, CHERRY HILLS VILLAGE CO 80113
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
Laura M Mullen	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Brian R Dowd	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Lisa Curtis	officer: CAO & VP, Investor Relations	3200 SOUTHWEST FREEWAY, SUITE 2950, HOUSTON TX 77027
James A Radich	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Michael G Tatusko	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Desai Jigisha	officer: Senior Vice President & CFO	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Claes Bjork	director	GRANITE CONSTRUCTION INCORPORATED, PO BOX 50085, WATSONVILLE CA 95077-5085
Patricia D Galloway	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
James Hildebrand Roberts	director, officer: Director, President & CEO	PO BOX 50085, WATSONVILLE CA 95077-5085
David H Kelsey	director	C/O OGLEBAY NORTON CO, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114-2598
Molly Campbell	director	135 N. LOS ROBLES AVE 7TH FLR, PASADENA CA 91101