Cooper-Standard Holdings (Cooper-Standard Holdings) Days Payable : 52.99 (As of Dec. 2023)

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What is Cooper-Standard Holdings Days Payable?

Cooper-Standard Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $354 Mil. Cooper-Standard Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $609 Mil. Hence, Cooper-Standard Holdings's Days Payable for the three months ended in Dec. 2023 was 52.99.

The historical rank and industry rank for Cooper-Standard Holdings's Days Payable or its related term are showing as below:

CPS' s Days Payable Range Over the Past 10 Years
Min: 45.24 Med: 57.41 Max: 66.46
Current: 51.86

During the past 13 years, Cooper-Standard Holdings's highest Days Payable was 66.46. The lowest was 45.24. And the median was 57.41.

CPS's Days Payable is ranked worse than
62.81% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs CPS: 51.86

Cooper-Standard Holdings's Days Payable declined from Dec. 2022 (54.57) to Dec. 2023 (52.99). It may suggest that Cooper-Standard Holdings accelerated paying its suppliers.

Cooper-Standard Holdings Days Payable Historical Data

The historical data trend for Cooper-Standard Holdings'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.

Cooper-Standard Holdings Days Payable Chart

Cooper-Standard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.31

66.46

59.67

52.29

48.63

Cooper-Standard Holdings 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															54.57	51.92	52.87	52.93	52.99

Competitive Comparison of Cooper-Standard Holdings's Days Payable

For the Auto Parts subindustry, Cooper-Standard Holdings'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.

Cooper-Standard Holdings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cooper-Standard Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Cooper-Standard Holdings's Days Payable falls into.

Cooper-Standard Holdings 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.

Cooper-Standard Holdings'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
=	( (338.21	+	334.578)	/	2 )	/	2525.103	*	365
=	336.394					/	2525.103	*	365
=	48.63

Cooper-Standard Holdings'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
=	( (372.657	+	334.578)	/	2 )	/	608.943	*	365 / 4
=	353.6175					/	608.943	*	365 / 4
=	52.99

Cooper-Standard Holdings Days Payable Related Terms

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Cooper-Standard Holdings (Cooper-Standard Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper-Standard Holdings Inc (NYSE:CPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

C31:Germany

Address

40300 Traditions Drive, Northville, MI, USA, 48168

Website

https://www.cooperstandard.com

Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.

Executives

Maryann Peterson Kanary	officer: See remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Amy B. Kulikowski	officer: VP, Chief Accounting Officer	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Patrick Clark	officer: See Remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Somasundhar Venkatasubramanian	officer: See remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Jeffrey S Edwards	officer: President and CEO	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Larry Ott	officer: VP Global HR	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Van Oss Stephen A	director
Christopher Couch	officer: See Remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Rebecca Mccabe	officer: VP, Chief Accounting Officer	40300 TRADITIONS DRIVE, 40300, NORTHVILLE MI 48168
Christine M Moore	director	411 WEST LAFAYETTE, DETROIT MI 48226
Justin E Mirro	director	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
John G. Boss	director	260 HUDSON RIVER ROAD, WATERFORD NY 12188
Jeffrey A. Debest	officer: See Remarks	39550 ORCHARD HILL PLACE, NOVI MI 48375
Susan P. Kampe	officer: See Remarks	39550 ORCHARD HILL PLACE, NOVI MI 48375
Peter C. Brusate	officer: Corp. Controller and CAO	39550 ORCHARD HILL PLACE, NOVI MI 48375