Tootsie Roll Industries (Tootsie Roll Industries) Days Payable

: 13.67 (As of Dec. 2023)

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Tootsie Roll Industries's average Accounts Payable for the three months ended in Dec. 2023 was $19.3 Mil. Tootsie Roll Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $128.5 Mil. Hence, Tootsie Roll Industries's Days Payable for the three months ended in Dec. 2023 was 13.67.

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

TR' s Days Payable Range Over the Past 10 Years
Min: 11.1 Med: 13.34 Max: 16.16
Current: 15.33

During the past 13 years, Tootsie Roll Industries's highest Days Payable was 16.16. The lowest was 11.10. And the median was 13.34.

TR's Days Payable is ranked worse than
91.33% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs TR: 15.33

Tootsie Roll Industries's Days Payable declined from Dec. 2022 (20.58) to Dec. 2023 (13.67). It may suggest that Tootsie Roll Industries accelerated paying its suppliers.

Tootsie Roll Industries Days Payable Historical Data

The historical data trend for Tootsie Roll Industries'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.

Tootsie Roll Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

13.57

15.62

13.75

16.16

14.62

Tootsie Roll Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																20.58	19.16	18.61	12.43	13.67

Competitive Comparison

For the Confectioners subindustry, Tootsie Roll Industries'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.

Tootsie Roll Industries Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tootsie Roll Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Tootsie Roll Industries's Days Payable falls into.

Tootsie Roll Industries 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.

Tootsie Roll Industries'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
=	( (25.246	+	15.816)	/	2 )	/	512.525	*	365
=	20.531					/	512.525	*	365
=	14.62

Tootsie Roll Industries'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
=	( (22.696	+	15.816)	/	2 )	/	128.541	*	365 / 4
=	19.256					/	128.541	*	365 / 4
=	13.67

Tootsie Roll Industries Days Payable Related Terms

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Tootsie Roll Industries (Tootsie Roll Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tootsie Roll Industries Inc (NYSE:TR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TZ3:Germany

Address

7401 South Cicero Avenue, Chicago, IL, USA, 60629

Website

https://www.tootsie.com

Tootsie Roll Industries Inc manufactures and sells candy products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, and Razzles. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States.

Executives

Henry G Mills	officer: Vice President	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Leigh R Weiner	10 percent owner
Virginia L Gordon	director	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Stephen Green	officer: VP Manufacturing	C/O TOOTAIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Ellen R Gordon	director, 10 percent owner, officer: President
Lewis Brent Lana Jane	director
Newlin John W. Jr.	officer: Vice President-Mfg.	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVENUE, CHICAGO IL 60629
Barre A Seibert	director	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
G Howard Ember	officer: CFO
John P Majors	officer: VP-Logistics	TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Melvin J Gordon	director, 10 percent owner, officer: Chairman