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Thermon Group Holdings Inc (NYSE:THR)
Days Payable
36.97 (As of Sep. 2016)

Thermon Group Holdings Inc's payable for the three months ended in Sep. 2016 was $16.2 Mil. Thermon Group Holdings Inc's cost of goods sold for the three months ended in Sep. 2016 was $39.9 Mil. Hence, Thermon Group Holdings Inc's days payable for the three months ended in Sep. 2016 was 36.97.

THR' s Days Payable Range Over the Past 10 Years
Min: 33.83   Max: 49.17
Current: 37.63

33.83
49.17

During the past 7 years, Thermon Group Holdings Inc's highest Days Payable was 49.17. The lowest was 33.83. And the median was 40.94.

THR's Days Payable is ranked lower than
73% of the 1309 Companies
in the Global Diversified Industrials industry.

( Industry Median: 64.99 vs. THR: 37.63 )

Thermon Group Holdings Inc's days payable declined from Sep. 2015 (39.93) to Sep. 2016 (36.97). It may suggest that Thermon Group Holdings Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Thermon Group Holdings Inc's Days Payable for the fiscal year that ended in Mar. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=19.458/150.613*365
=47.16

Thermon Group Holdings Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=16.159/39.888*365 / 4
=36.97

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Thermon Group Holdings Inc Annual Data

Mar09Mar10Mar12Mar13Mar14Mar15Mar16
DaysPayable 0.000.000.0036.2033.8340.9449.1743.8240.6747.16

Thermon Group Holdings Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 47.5855.4645.0538.9642.6739.9344.5144.1136.2836.97
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