Tower International (Tower International) Days Payable : 54.52 (As of Jun. 2019)

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What is Tower International Days Payable?

Tower International's average Accounts Payable for the three months ended in Jun. 2019 was $185 Mil. Tower International's Cost of Goods Sold for the three months ended in Jun. 2019 was $309 Mil. Hence, Tower International's Days Payable for the three months ended in Jun. 2019 was 54.52.

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

TOWR's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 65.57
* Ranked among companies with meaningful Days Payable only.

Tower International's Days Payable declined from Jun. 2018 (88.60) to Jun. 2019 (54.52). It may suggest that Tower International accelerated paying its suppliers.

Tower International Days Payable Historical Data

The historical data trend for Tower International'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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Tower International Days Payable Chart

Tower International Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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58.43

60.71

83.87

72.10

53.25

Tower International Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Payable	Get a 7-Day Free Trial															88.60	61.33	-	50.21	54.52

Competitive Comparison of Tower International's Days Payable

For the Auto Parts subindustry, Tower International'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.

Tower International's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tower International's Days Payable distribution charts can be found below:

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

Tower International 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.

Tower International's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (213.333	+	188.76)	/	2 )	/	1377.955	*	365
=	201.0465					/	1377.955	*	365
=	53.25

Tower International's Days Payable for the quarter that ended in Jun. 2019 is calculated as:

	Days Payable (Q: Jun. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2019 )	+	Accounts Payable (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (187.603	+	181.63)	/	2 )	/	308.971	*	365 / 4
=	184.6165					/	308.971	*	365 / 4
=	54.52

Tower International Days Payable Related Terms

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Tower International (Tower International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tower International Inc (NYSE:TOWR) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

17672 Laurel Park Drive North, Suite 400 E, Livonia, MI, USA, 48152

Website

https://www.towerinternational.com

Tower International is a manufacturer of structural metal components and assemblies used in the automotive industry. The company offers body-structure stampings, frame and other chassis structures, complex welded assemblies, and suspension components for small and large cars, crossovers, pickups, and sport utility vehicles. Tower International supplies its products directly to original equipment manufacturers. Its largest end markets are the Americas.

Executives

English Frank E. Jr.	director	C/O ARTHUR J. GALLAGHER & CO., TWO PIERCE PLACE, ITASCA IL 60143
Thomas K Brown	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
James N Chapman	director	14 ALPINE ROAD, GREENWICH CT 06830
James C Gouin	officer: CEO and President	TOWER INTERNATIONAL, INC., 17672 LAUREL PARK DRIVE N., SUITE 400E, LIVONIA MI 48152
Mark Malcolm	director	TOWER INTERNATIONAL, INC., 17672 LAUREL PARK DRIVE N., SUITE 400E, LIVONIA MI 48152
Dev Kapadia	director	TOWER INTERNATIONAL, INC., 17672 LAUREL PARK DRIVE N., SUITE 400E, LIVONIA MI 48152
Nicholas D Chabraja	director
Jonathan Gallen	director	450 PARK AVENUE, 28TH FLOOR, NEW YORK NY 10022
Stephen Feinberg	10 percent owner	875 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10022
Ronald Kolka	director	17672 LAUREL PARK DRIVE NORTH, SUITE 400E, LIVONIA MI 48152
Rande S Somma	other: Board Advisor
William Pumphrey	officer: President, Americas	27175 HAGGERTY ROAD, NOVI MI 48377
Chan Galbato	director	191 E NORTH AVENUE, CAROL STREAM IL 60188
Dennis M Donovan	director	2455 PACES FERRY ROAD, ATLANTA GA 30339
Allan D Gilmour	other: Board Advisor	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126