Eagle Materials (Eagle Materials) Days Payable : 27.87 (As of Dec. 2023)

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What is Eagle Materials Days Payable?

Eagle Materials's average Accounts Payable for the three months ended in Dec. 2023 was $116 Mil. Eagle Materials's Cost of Goods Sold for the three months ended in Dec. 2023 was $378 Mil. Hence, Eagle Materials's Days Payable for the three months ended in Dec. 2023 was 27.87.

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

EXP' s Days Payable Range Over the Past 10 Years
Min: 25.3 Med: 28.87 Max: 32.23
Current: 26.63

During the past 13 years, Eagle Materials's highest Days Payable was 32.23. The lowest was 25.30. And the median was 28.87.

EXP's Days Payable is ranked worse than
88.92% of 370 companies
in the Building Materials industry
Industry Median: 67.835 vs EXP: 26.63

Eagle Materials's Days Payable declined from Dec. 2022 (28.50) to Dec. 2023 (27.87). It may suggest that Eagle Materials accelerated paying its suppliers.

Eagle Materials Days Payable Historical Data

The historical data trend for Eagle Materials'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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Eagle Materials Days Payable Chart

Eagle Materials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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29.28

28.38

25.30

26.91

27.10

Eagle Materials 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															28.50	29.57	24.49	25.59	27.87

Competitive Comparison of Eagle Materials's Days Payable

For the Building Materials subindustry, Eagle Materials'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.

Eagle Materials's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Eagle Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where Eagle Materials's Days Payable falls into.

Eagle Materials 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.

Eagle Materials's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (113.679	+	110.408)	/	2 )	/	1508.803	*	365
=	112.0435					/	1508.803	*	365
=	27.10

Eagle Materials'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
=	( (113.737	+	117.27)	/	2 )	/	378.205	*	365 / 4
=	115.5035					/	378.205	*	365 / 4
=	27.87

Eagle Materials Days Payable Related Terms

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Eagle Materials (Eagle Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Eagle Materials Inc (NYSE:EXP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EXP:Mexico E5M:Germany

Address

5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225

Website

http://www.eaglematerials.com

Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.

Executives

Eric Cribbs	officer: Executive Vice President	5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
Matt Newby	officer: EVP & General Counsel	5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Richard Ross Stewart	director	2707 N LOOP WEST 9TH FL, HOUSTON TX 77008
Dale Craig Kesler	officer: EVP and CFO	3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Michael Haack	director, officer: President & CEO	3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Robert S Stewart	officer: EVP-Strategy & Corp. Develop.	C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
William R Devlin	officer: Vice President & Controller	C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Tony Thompson	officer: Senior Vice President	5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
George John Damiris	director	100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
David B Powers	officer: Executive Vice President	C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75201
Steven L Wentzel	officer: President (American Gypsum)	5960 BERKSHIRE LN #800, DALLAS TX 75225
Bowman Ed H Jr	director	C/O F.Y.I. INC, 3232 MCKINNEY AVE STE 900, DALLAS TX 75204
James H Graass	officer: EVP & General Counsel	C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Martin M Ellen	director	5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Mauro Gregorio	director	2211 H.H. DOW WAY, MIDLAND MI 48674