Techtronic Industries Co (Techtronic Industries Co) Days Payable

: 81.98 (As of Dec. 2023)

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Techtronic Industries Co's average Accounts Payable for the six months ended in Dec. 2023 was $1,857 Mil. Techtronic Industries Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $4,134 Mil. Hence, Techtronic Industries Co's Days Payable for the six months ended in Dec. 2023 was 81.98.

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

TTNDY' s Days Payable Range Over the Past 10 Years
Min: 77.04 Med: 83.66 Max: 94.8
Current: 84.88

During the past 13 years, Techtronic Industries Co's highest Days Payable was 94.80. The lowest was 77.04. And the median was 83.66.

TTNDY's Days Payable is ranked better than
55.6% of 2928 companies
in the Industrial Products industry
Industry Median: 76.15 vs TTNDY: 84.88

Techtronic Industries Co's Days Payable declined from Dec. 2022 (109.67) to Dec. 2023 (81.98). It may suggest that Techtronic Industries Co accelerated paying its suppliers.

Techtronic Industries Co Days Payable Historical Data

The historical data trend for Techtronic Industries Co'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.

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Techtronic Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.09

89.23

87.28

94.72

82.72

Techtronic Industries Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															98.25	95.77	109.67	90.29	81.98

Competitive Comparison

For the Tools & Accessories subindustry, Techtronic Industries Co'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.

Techtronic Industries Co Days Payable Distribution

For the Industrial Products industry and Industrials sector, Techtronic Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Techtronic Industries Co's Days Payable falls into.

Techtronic Industries Co 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.

Techtronic Industries Co'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
=	( (2093.552	+	1673.791)	/	2 )	/	8311.775	*	365
=	1883.6715					/	8311.775	*	365
=	82.72

Techtronic Industries Co'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2040.313	+	1673.791)	/	2 )	/	4133.975	*	365 / 2
=	1857.052					/	4133.975	*	365 / 2
=	81.98

Techtronic Industries Co Days Payable Related Terms

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Techtronic Industries Co (Techtronic Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techtronic Industries Co Ltd (OTCPK:TTNDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTNDF:USA 00669:Hong Kong TIB1:Germany

Address

51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.ttigroup.com

Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.