H&E Equipment Services (H&E Equipment Services) Days Payable : 47.26 (As of Dec. 2023)

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What is H&E Equipment Services Days Payable?

H&E Equipment Services's average Accounts Payable for the three months ended in Dec. 2023 was $103 Mil. H&E Equipment Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $199 Mil. Hence, H&E Equipment Services's Days Payable for the three months ended in Dec. 2023 was 47.26.

The historical rank and industry rank for H&E Equipment Services's Days Payable or its related term are showing as below:

HEES' s Days Payable Range Over the Past 10 Years
Min: 29.77 Med: 40.37 Max: 67.22
Current: 67.22

During the past 13 years, H&E Equipment Services's highest Days Payable was 67.22. The lowest was 29.77. And the median was 40.37.

HEES's Days Payable is ranked better than
62.89% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs HEES: 67.22

H&E Equipment Services's Days Payable declined from Dec. 2022 (59.20) to Dec. 2023 (47.26). It may suggest that H&E Equipment Services accelerated paying its suppliers.

H&E Equipment Services Days Payable Historical Data

The historical data trend for H&E Equipment Services'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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H&E Equipment Services Days Payable Chart

H&E Equipment Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.07

37.66

48.16

59.59

49.99

H&E Equipment Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															59.20	81.83	91.91	67.12	47.26

Competitive Comparison of H&E Equipment Services's Days Payable

For the Rental & Leasing Services subindustry, H&E Equipment Services'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.

H&E Equipment Services's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, H&E Equipment Services's Days Payable distribution charts can be found below:

* The bar in red indicates where H&E Equipment Services's Days Payable falls into.

H&E Equipment Services 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.

H&E Equipment Services'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
=	( (129.482	+	85.486)	/	2 )	/	784.755	*	365
=	107.484					/	784.755	*	365
=	49.99

H&E Equipment Services'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
=	( (121.126	+	85.486)	/	2 )	/	199.467	*	365 / 4
=	103.306					/	199.467	*	365 / 4
=	47.26

H&E Equipment Services Days Payable Related Terms

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H&E Equipment Services (H&E Equipment Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » H&E Equipment Services Inc (NAS:HEES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

H6P:Germany

Address

7500 Pecue Lane, Baton Rouge, LA, USA, 70809

Website

https://www.he-equipment.com

H&E Equipment Services Inc is an integrated equipment services company. It is focused on heavy construction and industrial equipment. It rents, sells, and provides parts and services support for four core categories of equipment including hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It engages in five principal business activities: equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. The majority of its revenue is derived from the equipment rentals segment.

Executives

Suzanne H Wood	director	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
John Mcdowell Engquist	officer: President & COO	7500 PECUE LANE, BATON ROUGE LA 70809
Gary W Bagley	director	H&E EQUIPMENT SERVICES, 4899 WEST 2100 SOUTH, SALT LAKE CITY UT 84120
Jacob Thomas	director	840 CRESCENT CENTRE DR, STE 600, FRANKLIN TN 37067
Paul Arnold	director	C/O CORT BUSINESS SERVICE CORP, 4401 FAIR LAKES COURT, FAIRFAX VA 22033
Bradley W Barber	director, officer: CEO & President	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Patrick Edsell	director
Lawrence C Karlson	director	C/O CDI CORP., 1717 ARCH ST 35TH FLOOR, PHILADELPHIA PA 19103-2768
John Sawyer	director	PENHALL CO., 1801 PENHALL WAY/ POB 4609, ANAHEIM CA 92803
Thompson Mary Patricia B	director	651 S. STRATFORD DRIVE, SUITE 100, MERIDIAN ID 83642
Bruce Bruckmann	director	C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
John Engquist	director, 10 percent owner, officer: CEO & President	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Leslie S Magee	officer: CFO & Secretary	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
John D Jones	officer: V.P., Product Support	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
William W Fox	officer: V.P., Cranes & Earthmoving	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816