Thermon Group Holdings (Thermon Group Holdings) Days Payable

: 35.35 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

Thermon Group Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $30.6 Mil. Thermon Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $79.0 Mil. Hence, Thermon Group Holdings's Days Payable for the three months ended in Dec. 2023 was 35.35.

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

THR' s Days Payable Range Over the Past 10 Years
Min: 35.24 Med: 43.17 Max: 51.31
Current: 38.46

During the past 13 years, Thermon Group Holdings's highest Days Payable was 51.31. The lowest was 35.24. And the median was 43.17.

THR's Days Payable is ranked worse than
81.57% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs THR: 38.46

Thermon Group Holdings's Days Payable declined from Dec. 2022 (45.27) to Dec. 2023 (35.35). It may suggest that Thermon Group Holdings accelerated paying its suppliers.

Thermon Group Holdings Days Payable Historical Data

The historical data trend for Thermon Group Holdings'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.

Thermon Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

35.24

39.30

51.31

45.12

43.50

Thermon Group Holdings 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															45.27	36.86	42.61	41.48	35.35

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Thermon Group Holdings'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.

Thermon Group Holdings Days Payable Distribution

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

* The bar in red indicates where Thermon Group Holdings's Days Payable falls into.

Thermon Group Holdings 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.

Thermon Group Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (33.567	+	27.33)	/	2 )	/	255.465	*	365
=	30.4485					/	255.465	*	365
=	43.50

Thermon Group Holdings'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
=	( (34.603	+	26.611)	/	2 )	/	79.017	*	365 / 4
=	30.607					/	79.017	*	365 / 4
=	35.35

Thermon Group Holdings Days Payable Related Terms

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

Thermon Group Holdings (Thermon Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermon Group Holdings Inc (NYSE:THR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8TG:Germany

Address

7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, USA, 78735

Website

https://www.thermon.com

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.

Executives

Kevin J Mcginty	director	6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206
Nesser John T Iii	director	777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Kevin Fox	officer: VP - Corporate Development	7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735
Candace Harris-peterson	officer: VP, Human Resources	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Angela Strzelecki	director	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Bruce Thames	officer: Executive VP and COO	100 THERMON DRIVE, SAN MARCOS TX 78666
Kuahara Roberto	officer: SVP, Operations	7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735
Van Der Salm Johannes Rene	officer: SVP-Global Operations	100 THERMON DRIVE, SAN MARCOS TX 78666
Michael W Press	director	P O BOX 327, GATES MILLS OH 44040
James Pribble	officer: SVP, Thermon Heating Systems	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Roger L Fix	director
Tarkington Ryan	officer: General Counsel & Corp. Sec.	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
David Buntin	officer: SVP, Thermon Heat Tracing	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Mark John Roberts	officer: SVP, Global Engineering	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735