IDEX (IEX) Days Payable

: 35.93 (As of Dec. 2023)

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IDEX's average Accounts Payable for the three months ended in Dec. 2023 was $178 Mil. IDEX's Cost of Goods Sold for the three months ended in Dec. 2023 was $452 Mil. Hence, IDEX's Days Payable for the three months ended in Dec. 2023 was 35.93.

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

IEX' s Days Payable Range Over the Past 10 Years
Min: 37.53 Med: 39.76 Max: 41.91
Current: 38.78

During the past 13 years, IDEX's highest Days Payable was 41.91. The lowest was 37.53. And the median was 39.76.

IEX's Days Payable is ranked worse than
81.12% of 2929 companies
in the Industrial Products industry
Industry Median: 75.91 vs IEX: 38.78

IDEX's Days Payable declined from Dec. 2022 (39.79) to Dec. 2023 (35.93). It may suggest that IDEX accelerated paying its suppliers.

IDEX Days Payable Historical Data

The historical data trend for IDEX'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.

IDEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

37.53

40.03

39.19

40.32

38.82

IDEX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																39.79	41.88	39.53	37.63	35.93

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.

IDEX Days Payable Distribution

For the Industrial Products industry and Industrials sector, IDEX's Days Payable distribution charts can be found below:

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

IDEX 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.

IDEX'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
=	( (208.9	+	179.7)	/	2 )	/	1827	*	365
=	194.3					/	1827	*	365
=	38.82

IDEX'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
=	( (176.3	+	179.7)	/	2 )	/	452.1	*	365 / 4
=	178					/	452.1	*	365 / 4
=	35.93

IDEX Days Payable Related Terms

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

IDEX (IEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IDEX Corp (NYSE:IEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IEX:Mexico ID7:Germany ID7:Germany

Address

3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062

Website

https://www.idexcorp.com

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

Executives

Alejandro Quiroz	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan	officer: SVP, Strategy&Corp Development	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman	officer: Senior VP, Group Executive HST	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan	officer: SVP - Chief Financial Officer	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino	officer: Former SVP, Group Exec FMT&FSD	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman	officer: SVP - Chief Operating Officer	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson	director	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman	director	P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter	director	3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry	director	155 HARLEM AVE., GLENVIEW IL 60025