Team (TISI) Days Payable : 19.07 (As of Dec. 2023)

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What is Team Days Payable?

Team's average Accounts Payable for the three months ended in Dec. 2023 was $34.2 Mil. Team's Cost of Goods Sold for the three months ended in Dec. 2023 was $163.7 Mil. Hence, Team's Days Payable for the three months ended in Dec. 2023 was 19.07.

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

TISI' s Days Payable Range Over the Past 10 Years
Min: 15.28 Med: 19.53 Max: 25.52
Current: 18.96

During the past 13 years, Team's highest Days Payable was 25.52. The lowest was 15.28. And the median was 19.53.

TISI's Days Payable is ranked worse than
79.35% of 925 companies
in the Business Services industry
Industry Median: 47.39 vs TISI: 18.96

Team's Days Payable declined from Dec. 2022 (19.36) to Dec. 2023 (19.07). It may suggest that Team accelerated paying its suppliers.

Team Days Payable Historical Data

The historical data trend for Team'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.

Team Days Payable Chart

Team Annual Data

Trend

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.72

24.91

25.52

21.89

19.31

Team 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															19.36	18.96	17.44	20.25	19.07

Competitive Comparison of Team's Days Payable

For the Specialty Business Services subindustry, Team'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.

Team's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Team's Days Payable distribution charts can be found below:

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

Team 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.

Team'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
=	( (32.524	+	36.389)	/	2 )	/	651.461	*	365
=	34.4565					/	651.461	*	365
=	19.31

Team'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
=	( (32.039	+	36.389)	/	2 )	/	163.682	*	365 / 4
=	34.214					/	163.682	*	365 / 4
=	19.07

Team Days Payable Related Terms

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Team (TISI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Team Inc (NYSE:TISI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

T9CA:Germany

Address

13131 Dairy Ashford, Suite 600, Sugar Land, TX, USA, 77478

Website

https://www.teaminc.com

Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in refining, petrochemical, and others. The company operates in two segments namely Inspection and Heat Treating Group and Mechanical Services Group. Inspection and Heat Treating Group provides non-destructive testing services for the process, pipeline and power sectors and others. The Mechanical Services Group provides call-out and turnaround services under both on-stream and shut down circumstances.

Executives

Evan S. Lederman	director	C/O FIR TREE PARTNERS, 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Edward J. Stenger	director	C/O MOTORS LIQUIDATION COMPANY, 300 RENAISSANCE DRIVE, DETROIT MI 48625
Nelson M Haight	officer: Chief Financial Officer	110 B JACKSON BLVD, HOUSTON TX 77006
Jeffery Gerald Davis	director	PO BOX 336, BURTON TX 77835
Anthony R Horton	director	12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Michael J Caliel	director	1800 WEST LOOP SOUTH, SUITE 500, HOUSTON TX 77027
Corre Opportunities Qualified Master Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Corre Horizon Fund, Lp	10 percent owner	CONYERS TRUST COMPANY (CAYMAN) LTD, CRICKET SQUARE, HUTCHINS DR, BOX 2681, GRAND CAYMAN E9 KY1-1111
Corre Horizon Ii Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Corre Partners Management, Llc	10 percent owner	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
J Michael Anderson	director
Matthew E Acosta	officer: VP & Chief Accounting Officer	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Candice Koederitz	director	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Young Robert James Iii	officer: President, AID	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
James Chadwick Murray	officer: President, MOS	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478