Titan Cement International (ATH:TITC) Days Payable : 70.48 (As of Dec. 2023)

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What is Titan Cement International Days Payable?

Titan Cement International's average Accounts Payable for the three months ended in Dec. 2023 was €370 Mil. Titan Cement International's Cost of Goods Sold for the three months ended in Dec. 2023 was €479 Mil. Hence, Titan Cement International's Days Payable for the three months ended in Dec. 2023 was 70.48.

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

ATH:TITC' s Days Payable Range Over the Past 10 Years
Min: 53.24 Med: 57.13 Max: 93.62
Current: 93.62

During the past 8 years, Titan Cement International's highest Days Payable was 93.62. The lowest was 53.24. And the median was 57.13.

ATH:TITC's Days Payable is ranked better than
68.19% of 371 companies
in the Building Materials industry
Industry Median: 66.28 vs ATH:TITC: 93.62

Titan Cement International's Days Payable increased from Sep. 2022 (68.08) to Dec. 2023 (70.48). It may suggest that Titan Cement International delayed paying its suppliers.

Titan Cement International Days Payable Historical Data

The historical data trend for Titan Cement 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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Titan Cement International Days Payable Chart

Titan Cement International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.86

61.22

53.84

53.24

59.94

Titan Cement International Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											56.67	-	81.52	70.48	58.80

Competitive Comparison of Titan Cement International's Days Payable

For the Building Materials subindustry, Titan Cement 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.

Titan Cement International's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan Cement International's Days Payable distribution charts can be found below:

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

Titan Cement 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.

Titan Cement International'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
=	( (312.428	+	313.239)	/	2 )	/	1905.121	*	365
=	312.8335					/	1905.121	*	365
=	59.94

Titan Cement International'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
=	( (427.18	+	313.239)	/	2 )	/	479.321	*	365 / 4
=	370.2095					/	479.321	*	365 / 4
=	70.48

Titan Cement International Days Payable Related Terms

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Titan Cement International (ATH:TITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Titan Cement International SA (ATH:TITC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTCIF:USA TCJ:Germany TITC:Belgium

Address

Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040

Website

https://www.titan-cement.com

Titan Cement International SA and its subsidiaries are engaged in the production, trade, and distribution of a wide range of construction materials, including cement, concrete, aggregates, cement blocks, dry mortars and fly ash. Its Geographical operating segment includes Greece and Western Europe; North America; South Eastern Europe and Eastern Mediterranean. The company derives a majority of revenue from North America.

Titan Cement International (ATH:TITC) Headlines

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