Commercial Vehicle Group (Commercial Vehicle Group) Days Payable

: 42.27 (As of Dec. 2023)

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Commercial Vehicle Group's average Accounts Payable for the three months ended in Dec. 2023 was $91.2 Mil. Commercial Vehicle Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $196.9 Mil. Hence, Commercial Vehicle Group's Days Payable for the three months ended in Dec. 2023 was 42.27.

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

CVGI' s Days Payable Range Over the Past 10 Years
Min: 34.32 Med: 40.67 Max: 49.75
Current: 44.93

During the past 13 years, Commercial Vehicle Group's highest Days Payable was 49.75. The lowest was 34.32. And the median was 40.67.

CVGI's Days Payable is ranked worse than
70.13% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.19 vs CVGI: 44.93

Commercial Vehicle Group's Days Payable declined from Dec. 2022 (49.92) to Dec. 2023 (42.27). It may suggest that Commercial Vehicle Group accelerated paying its suppliers.

Commercial Vehicle Group Days Payable Historical Data

The historical data trend for Commercial Vehicle Group'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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Commercial Vehicle Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.32

49.75

45.88

45.67

42.27

Commercial Vehicle Group 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															49.92	48.36	45.95	45.34	42.27

Competitive Comparison

For the Auto Parts subindustry, Commercial Vehicle Group'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.

Commercial Vehicle Group Days Payable Distribution

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

* The bar in red indicates where Commercial Vehicle Group's Days Payable falls into.

Commercial Vehicle Group 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.

Commercial Vehicle Group'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
=	( (122.091	+	77.314)	/	2 )	/	860.956	*	365
=	99.7025					/	860.956	*	365
=	42.27

Commercial Vehicle Group'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
=	( (105.11	+	77.314)	/	2 )	/	196.9	*	365 / 4
=	91.212					/	196.9	*	365 / 4
=	42.27

Commercial Vehicle Group Days Payable Related Terms

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Commercial Vehicle Group (Commercial Vehicle Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Commercial Vehicle Group Inc (NAS:CVGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FDU:Germany

Address

7800 Walton Parkway, New Albany, OH, USA, 43054

Website

https://www.cvgrp.com

Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications.

Executives

Melanie K. Cook	director	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Roger L Fix	director
Chung Kin Cheung	officer: EVP & CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Aneezal H Mohamed	officer: General Counsel, Cmp Ofc & Sec	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Richard Iii Tajer	officer: SVP & Chief Commercial Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Kristin S Mathers	officer: Chief HR Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Christopher H Bohnert	officer: CFO & Chief Accounting Officer	2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Harold C Bevis	director	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
J Michael Nauman	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Ruth Gratzke	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Angela M O'leary	other: VP, Controller & Ch Acct Offcr	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Edmund S Carney	officer: Interim CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Bowen Douglas F Jr.	officer: SVP & Managing Director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Janice E Stipp	director	1281 COVINGTON ROAD, BLOOMFIELD HILLS MI 48301