Gorman-Rupp Co (Gorman-Rupp Co) Days Payable : 19.97 (As of Dec. 2023)

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What is Gorman-Rupp Co Days Payable?

Gorman-Rupp Co's average Accounts Payable for the three months ended in Dec. 2023 was $24.0 Mil. Gorman-Rupp Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $109.6 Mil. Hence, Gorman-Rupp Co's Days Payable for the three months ended in Dec. 2023 was 19.97.

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

GRC' s Days Payable Range Over the Past 10 Years
Min: 17.51 Med: 19.46 Max: 21.09
Current: 21.09

During the past 13 years, Gorman-Rupp Co's highest Days Payable was 21.09. The lowest was 17.51. And the median was 19.46.

GRC's Days Payable is ranked worse than
94.4% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs GRC: 21.09

Gorman-Rupp Co's Days Payable declined from Dec. 2022 (22.55) to Dec. 2023 (19.97). It may suggest that Gorman-Rupp Co accelerated paying its suppliers.

Gorman-Rupp Co Days Payable Historical Data

The historical data trend for Gorman-Rupp 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.

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Gorman-Rupp Co Days Payable Chart

Gorman-Rupp Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.20

17.94

17.51

19.80

18.90

Gorman-Rupp Co 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															22.55	22.50	23.37	20.60	19.97

Competitive Comparison of Gorman-Rupp Co's Days Payable

For the Specialty Industrial Machinery subindustry, Gorman-Rupp 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.

Gorman-Rupp Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gorman-Rupp Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Gorman-Rupp Co's Days Payable falls into.

Gorman-Rupp 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.

Gorman-Rupp Co'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
=	( (24.697	+	23.277)	/	2 )	/	463.258	*	365
=	23.987					/	463.258	*	365
=	18.90

Gorman-Rupp Co'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
=	( (24.704	+	23.277)	/	2 )	/	109.627	*	365 / 4
=	23.9905					/	109.627	*	365 / 4
=	19.97

Gorman-Rupp Co Days Payable Related Terms

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Gorman-Rupp Co (Gorman-Rupp Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gorman-Rupp Co (NYSE:GRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GO4:Germany

Address

600 South Airport Road, Mansfield, OH, USA, 44903

Website

https://www.gormanrupp.com

Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States.

Executives

Charmaine R Riggins	director	6524 RESERVE PINE DRIVE, CARY NC 27519
Kenneth R Reynolds	director	1424 GREENBRIER DRIVE, MT VERNON OH 43050
Scott A King	officer: Vice President	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
M Ann Harlan	director
Jeffrey S Gorman	director, officer: President & CEO	C/O GORMAN RUPP CO, POST OFFICE BOX 1218, MANSFIELD OH 44901
Christopher H Lake	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901
D Patrick Wischmeier	officer: VP, Information Technology	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Angela M Morehead	officer: Treasurer and Asst. Secretary	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Vincent K Petrella	director
Donald H Bullock	director
Sonja K Mcclelland	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald D Pittenger	officer: Assistant Treasurer	THE GORMAN-RUPP COMPANY, 305 BOWMAN STREET, MANSFIELD OH 44903
Barbara A Woodman	officer: VP, Human Resources	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
James Kerr	officer: Chief Financial Officer	5555 DARROW ROAD, HUDSON OH 44236
W Wayne Walston	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901