Ingersoll Rand (Ingersoll Rand) Days Payable

: 64.23 (As of Dec. 2023)

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Ingersoll Rand's average Accounts Payable for the three months ended in Dec. 2023 was $732 Mil. Ingersoll Rand's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,040 Mil. Hence, Ingersoll Rand's Days Payable for the three months ended in Dec. 2023 was 64.23.

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

IR' s Days Payable Range Over the Past 10 Years
Min: 42.48 Med: 66.34 Max: 97.63
Current: 66.59

During the past 10 years, Ingersoll Rand's highest Days Payable was 97.63. The lowest was 42.48. And the median was 66.34.

IR's Days Payable is ranked worse than
57.08% of 2929 companies
in the Industrial Products industry
Industry Median: 75.86 vs IR: 66.59

Ingersoll Rand's Days Payable declined from Dec. 2022 (69.55) to Dec. 2023 (64.23). It may suggest that Ingersoll Rand accelerated paying its suppliers.

Ingersoll Rand Days Payable Historical Data

The historical data trend for Ingersoll Rand'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.

Ingersoll Rand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

97.63

61.06

69.62

73.66

72.19

Ingersoll Rand Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																69.55	71.37	64.59	60.81	64.23

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Ingersoll Rand'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.

Ingersoll Rand Days Payable Distribution

For the Industrial Products industry and Industrials sector, Ingersoll Rand's Days Payable distribution charts can be found below:

* The bar in red indicates where Ingersoll Rand's Days Payable falls into.

Ingersoll Rand 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.

Ingersoll Rand'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
=	( (778.7	+	801.2)	/	2 )	/	3993.9	*	365
=	789.95					/	3993.9	*	365
=	72.19

Ingersoll Rand'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
=	( (663.1	+	801.2)	/	2 )	/	1040.2	*	365 / 4
=	732.15					/	1040.2	*	365 / 4
=	64.23

Ingersoll Rand Days Payable Related Terms

Thank you for viewing the detailed overview of Ingersoll Rand's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ingersoll Rand (Ingersoll Rand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ingersoll Rand Inc (NYSE:IR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5GD:Germany 5GD:Germany

Address

525 Harbour Place Drive, Suite 600, Davidson, NC, USA, 28036

Website

https://www.irco.com

Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $5.9 billion in revenue in 2022.

Executives

Andrew R Schiesl	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Joanna Sohovich	director	123 MAIN STREET, BRISTOL CT 06010
Julie Schertell	director	3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Santiago Arias Duval	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Vikram Kini	officer: Senior Vice President and CFO	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Matthew J Emmerich	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Vicente Reynal	director, officer: Chief Executive Officer	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Kathleen M. Keene	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Gary E Gillespie	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Michael J Scheske	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Jennifer Hartsock	director	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Viseras Enrique Minarro	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Nicholas J Kendall-jones	officer: See Remarks	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Michael Stubblefield	director	C/O AVANTOR, INC., 100 MATSONFORD ROAD, RADNOR PA 19087
Mark P Stevenson	director	850 LINCOLN CENTRE DRIVE, FOSTER CITY CA 94404