Tredegar (FRA:T70) Days Payable : 55.11 (As of Mar. 2024)

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What is Tredegar Days Payable?

Tredegar's average Accounts Payable for the three months ended in Mar. 2024 was €82.6 Mil. Tredegar's Cost of Goods Sold for the three months ended in Mar. 2024 was €136.8 Mil. Hence, Tredegar's Days Payable for the three months ended in Mar. 2024 was 55.11.

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

FRA:T70' s Days Payable Range Over the Past 10 Years
Min: 40.02 Med: 54.5 Max: 61.21
Current: 53.83

During the past 13 years, Tredegar's highest Days Payable was 61.21. The lowest was 40.02. And the median was 54.50.

FRA:T70's Days Payable is ranked worse than
66.31% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs FRA:T70: 53.83

Tredegar's Days Payable declined from Mar. 2023 (57.44) to Mar. 2024 (55.11). It may suggest that Tredegar accelerated paying its suppliers.

Tredegar Days Payable Historical Data

The historical data trend for Tredegar'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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Tredegar Days Payable Chart

Tredegar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.77

57.84

55.75

52.75

62.19

Tredegar Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															57.44	49.95	53.01	58.84	55.11

Competitive Comparison of Tredegar's Days Payable

For the Metal Fabrication subindustry, Tredegar'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.

Tredegar's Days Payable Distribution in the Industrial Products Industry

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

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

Tredegar 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.

Tredegar'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
=	( (108.501	+	87.136)	/	2 )	/	574.082	*	365
=	97.8185					/	574.082	*	365
=	62.19

Tredegar's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (87.136	+	78.131)	/	2 )	/	136.812	*	365 / 4
=	82.6335					/	136.812	*	365 / 4
=	55.11

Tredegar Days Payable Related Terms

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Tredegar (FRA:T70) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tredegar Corp (FRA:T70) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TG:USA

Address

1100 Boulders Parkway, Richmond, VA, USA, 23225

Website

https://www.tredegar.com

Tredegar Corp through its subsidiaries engaged in the manufacture of Polyethylene Plastic films, Polyester Films, and Aluminum Extrusions. Polyethylene Plastic films manufacture plastic films, elastics and laminate materials which are utilized in personal care materials, surface protection films, and specialty and optical lighting applications. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. Aluminum Extrusions produce high-quality, soft-alloy and medium-strength aluminum use for building and construction, automotive, consumer durables, machinery and equipment, electrical and distribution markets. It generates revenue from the United States, Asia, and Brazil.

Tredegar (FRA:T70) Headlines

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