Parker Hannifin (Parker Hannifin) Days Payable

: 58.96 (As of Dec. 2023)

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Parker Hannifin's average Accounts Payable for the three months ended in Dec. 2023 was $2,004 Mil. Parker Hannifin's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,102 Mil. Hence, Parker Hannifin's Days Payable for the three months ended in Dec. 2023 was 58.96.

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

PH' s Days Payable Range Over the Past 10 Years
Min: 43.13 Med: 46.57 Max: 58.81
Current: 57.63

During the past 13 years, Parker Hannifin's highest Days Payable was 58.81. The lowest was 43.13. And the median was 46.57.

PH's Days Payable is ranked worse than
62.97% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs PH: 57.63

Parker Hannifin's Days Payable increased from Dec. 2022 (56.17) to Dec. 2023 (58.96). It may suggest that Parker Hannifin delayed paying its suppliers.

Parker Hannifin Days Payable Historical Data

The historical data trend for Parker Hannifin'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.

Parker Hannifin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

48.55

44.77

52.82

58.81

54.64

Parker Hannifin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																56.17	55.27	57.77	60.21	58.96

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Parker Hannifin'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.

Parker Hannifin Days Payable Distribution

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

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

Parker Hannifin 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.

Parker Hannifin's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1731.925	+	2050.934)	/	2 )	/	12635.892	*	365
=	1891.4295					/	12635.892	*	365
=	54.64

Parker Hannifin'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
=	( (2036.752	+	1971.943)	/	2 )	/	3101.962	*	365 / 4
=	2004.3475					/	3101.962	*	365 / 4
=	58.96

Parker Hannifin Days Payable Related Terms

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Parker Hannifin (Parker Hannifin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parker Hannifin Corp (NYSE:PH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PH:Mexico 1PH:Italy PAR:Germany PAR:Germany PAR:Germany

Address

6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141

Website

http://www.phstock.com

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Executives

Joseph R Leonti	officer: VP, General Counsel, Secretary	6035 PARKLAND BLVD, CLEVELAND OH 44124
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Denise R. Fleming	director	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Todd M. Leombruno	officer: VP & Controller	C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Linda S Harty	director	MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
Dinu J Parel	officer: VP - Chief Information Officer	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124-4141
Robert W Malone	officer: VP, President--Filtration Grp	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Berend Bracht	officer: VP & Pres.-Motion Systems Grp.	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Rober S Sherrard	officer: VP, PRESIDENT-INSTRUMENTATION	6035 PARKLAND BLVD, C/O PARKER HANNIFIN CORP, CLEVELAND OH 44124
Mark J Hart	officer: EVP - HR & External Affairs	6035 PARKLAND BLVD, CLEVELAND OH 44124
Lee C Banks	officer: VP, PRESIDENT-INSTRUMENTATION	PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
William R Bowman	officer: VP-Pres - Instrumentation Grp	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Thomas C Gentile	officer: VP-Global Supply Chain	C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Andrew D Ross	officer: VP and President - Seal Group	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Mark T Czaja	officer: VP-Chief Technology & Innov.	PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124