Terex (TEX) Days Payable

: 65.15 (As of Dec. 2023)

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Terex's average Accounts Payable for the three months ended in Dec. 2023 was $685 Mil. Terex's Cost of Goods Sold for the three months ended in Dec. 2023 was $960 Mil. Hence, Terex's Days Payable for the three months ended in Dec. 2023 was 65.15.

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

TEX' s Days Payable Range Over the Past 10 Years
Min: 52.93 Med: 60.38 Max: 67.24
Current: 61.94

During the past 13 years, Terex's highest Days Payable was 67.24. The lowest was 52.93. And the median was 60.38.

TEX's Days Payable is ranked worse than
61.46% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs TEX: 61.94

Terex's Days Payable increased from Dec. 2022 (56.39) to Dec. 2023 (65.15). It may suggest that Terex delayed paying its suppliers.

Terex Days Payable Historical Data

The historical data trend for Terex'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.

Terex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

62.95

63.16

52.93

59.81

60.94

Terex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																56.39	62.52	59.26	62.14	65.15

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Terex'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.

Terex Days Payable Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Terex's Days Payable distribution charts can be found below:

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

Terex 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.

Terex'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
=	( (624.6	+	702.6)	/	2 )	/	3974.9	*	365
=	663.6					/	3974.9	*	365
=	60.94

Terex'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
=	( (668.3	+	702.6)	/	2 )	/	960.1	*	365 / 4
=	685.45					/	960.1	*	365 / 4
=	65.15

Terex Days Payable Related Terms

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Terex (TEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Terex Corp (NYSE:TEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TXG:Germany TXG:Germany

Address

45 Glover Avenue, 4th Floor, Norwalk, CT, USA, 06850

Website

https://www.terex.com

Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.

Executives

Garrison John L Jr	officer: CEO AND PRESIDENT	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Amy George	officer: Senior V.P. Human Resources	C/O TEREX CORPORATION, 200 NYALA FARMS ROAD, WESTPORT CT 06880
Stephen Johnston	officer: Chief Accounting Officer	C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPOT CT 06880
David A Sachs	director	C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPORT CT 06880
Julie A Beck	officer: Senior Vice President, Finance	ONE INVACARE WAY, ELYRIA OH 44035
Andra Rush	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Oluseun Salami	director	C/O TEREX CORPORATION, 45 GLOVER AVENUE, NORWALK CT 06850
Kieran Hegarty	officer: President, Materials Processin	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Simon Meester	officer: President - Genie	C/O TEREX CORP, 45 GLOVER AVENUE, 4TH FLOOR, NORWALK CT 06850
Scott Posner	officer: Senior V.P., Gen Counsel Sec.	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Paula H Cholmondeley	director	221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
John D Sheehan	officer: Senior Vice President, CFO	5725 DELPHI DRIVE, TROY MI 48098
Mark I Clair	officer: VP Controller & CAO	C/O HEXCEL CORPORATION, 281 TRESSER BOULEVARD, STAMFORD CT 06901
Christopher Rossi	director	C/O KENNAMETAL INC., 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Matthew Fearon	officer: President Terex AWP	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880