United Rentals (BSP:U1RI34) Days Payable : 39.45 (As of Mar. 2024)

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What is United Rentals Days Payable?

United Rentals's average Accounts Payable for the three months ended in Mar. 2024 was R$4,605 Mil. United Rentals's Cost of Goods Sold for the three months ended in Mar. 2024 was R$10,652 Mil. Hence, United Rentals's Days Payable for the three months ended in Mar. 2024 was 39.45.

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

BSP:U1RI34' s Days Payable Range Over the Past 10 Years
Min: 28.14 Med: 37.26 Max: 53.68
Current: 48.17

During the past 13 years, United Rentals's highest Days Payable was 53.68. The lowest was 28.14. And the median was 37.26.

BSP:U1RI34's Days Payable is ranked better than
50.65% of 926 companies
in the Business Services industry
Industry Median: 47.265 vs BSP:U1RI34: 48.17

United Rentals's Days Payable declined from Mar. 2023 (50.54) to Mar. 2024 (39.45). It may suggest that United Rentals accelerated paying its suppliers.

United Rentals Days Payable Historical Data

The historical data trend for United Rentals'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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United Rentals Days Payable Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.88

28.27

38.60

55.43

45.51

United Rentals 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															50.54	54.38	51.00	42.86	39.45

Competitive Comparison of United Rentals's Days Payable

For the Rental & Leasing Services subindustry, United Rentals'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.

United Rentals's Days Payable Distribution in the Business Services Industry

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

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

United Rentals 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.

United Rentals'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
=	( (5974.511	+	4434.319)	/	2 )	/	41741.397	*	365
=	5204.415					/	41741.397	*	365
=	45.51

United Rentals'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
=	( (4434.319	+	4775.628)	/	2 )	/	10651.792	*	365 / 4
=	4604.9735					/	10651.792	*	365 / 4
=	39.45

United Rentals Days Payable Related Terms

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United Rentals (BSP:U1RI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (BSP:U1RI34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

URI:USA UR3:Germany

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

United Rentals (BSP:U1RI34) Headlines

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