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Commercial Metals Co (Commercial Metals Co) Days Payable

: 20.92 (As of Feb. 2024)
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Commercial Metals Co's average Accounts Payable for the three months ended in Feb. 2024 was $356 Mil. Commercial Metals Co's Cost of Goods Sold for the three months ended in Feb. 2024 was $1,552 Mil. Hence, Commercial Metals Co's Days Payable for the three months ended in Feb. 2024 was 20.92.

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

CMC' s Days Payable Range Over the Past 10 Years
Min: 19.95   Med: 23   Max: 32.18
Current: 20.19

During the past 13 years, Commercial Metals Co's highest Days Payable was 32.18. The lowest was 19.95. And the median was 23.00.

CMC's Days Payable is ranked worse than
77.51% of 587 companies
in the Steel industry
Industry Median: 39.75 vs CMC: 20.19

Commercial Metals Co's Days Payable declined from Feb. 2023 (23.05) to Feb. 2024 (20.92). It may suggest that Commercial Metals Co accelerated paying its suppliers.


Commercial Metals Co Days Payable Historical Data

The historical data trend for Commercial Metals Co'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.

* Premium members only.

Commercial Metals Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Days Payable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.95 22.31 23.26 22.73 20.70

Commercial Metals Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.05 19.73 19.10 20.14 20.92

Competitive Comparison

For the Steel subindustry, Commercial Metals Co'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 Metals Co Days Payable Distribution

For the Steel industry and Basic Materials sector, Commercial Metals Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Commercial Metals Co's Days Payable falls into.



Commercial Metals Co 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 Metals Co's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

Days Payable (A: Aug. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2022 ) + Accounts Payable (A: Aug. 2023 )) / count ) / Cost of Goods Sold (A: Aug. 2023 )*Days in Period
=( (428.055 + 364.39) / 2 ) / 6987.618*365
=396.2225 / 6987.618*365
=20.70

Commercial Metals Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

Days Payable (Q: Feb. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Nov. 2023 ) + Accounts Payable (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (343.831 + 367.944) / 2 ) / 1552.046*365 / 4
=355.8875 / 1552.046*365 / 4
=20.92

* 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.


Commercial Metals Co Days Payable Related Terms

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Commercial Metals Co (Commercial Metals Co) Business Description

Traded in Other Exchanges
Address
6565 North MacArthur Boulevard, Irving, TX, USA, 75039
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.
Executives
Barbara Smith director, officer: Chairman, President & CEO 6565 N. MACARTHUR BLVD., SUITE 800, IVING TX 75039
Stephen William Simpson officer: SVP, N. American Steel Group 6565 NORTH MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Peter R Matt director 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Lindsay L Sloan officer: VP, Chief Accounting Officer 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Ty L Garrison officer: SVP Operations 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Robert S Wetherbee director MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017
John R Mcpherson director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Tracy L Porter officer: EVP & Chief Operating Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Gary E Mccullough director 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Jody K Absher officer: VP General Counsel & Corp Sec 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Paul James Lawrence officer: VP & Chief Financial Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Adam R Hickey officer: VP & Chief Accounting Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Lisa M Barton director AMERICAN ELECTRIC POWER COMPANY, INC., 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J David Smith director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Charles L Szews director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039