Modine Manufacturing Co (Modine Manufacturing Co) Days Payable

: 55.73 (As of Dec. 2023)

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Modine Manufacturing Co's average Accounts Payable for the three months ended in Dec. 2023 was $265 Mil. Modine Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $434 Mil. Hence, Modine Manufacturing Co's Days Payable for the three months ended in Dec. 2023 was 55.73.

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

MOD' s Days Payable Range Over the Past 10 Years
Min: 47.18 Med: 54.85 Max: 62.98
Current: 56.38

During the past 13 years, Modine Manufacturing Co's highest Days Payable was 62.98. The lowest was 47.18. And the median was 54.85.

MOD's Days Payable is ranked worse than
58.29% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs MOD: 56.38

Modine Manufacturing Co's Days Payable declined from Dec. 2022 (60.32) to Dec. 2023 (55.73). It may suggest that Modine Manufacturing Co accelerated paying its suppliers.

Modine Manufacturing Co Days Payable Historical Data

The historical data trend for Modine Manufacturing 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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Modine Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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55.21

55.61

55.57

58.68

62.98

Modine Manufacturing 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															60.32	57.27	60.00	55.68	55.73

Competitive Comparison

For the Auto Parts subindustry, Modine Manufacturing 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.

Modine Manufacturing Co Days Payable Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Modine Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Modine Manufacturing Co's Days Payable falls into.

Modine Manufacturing 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.

Modine Manufacturing Co'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
=	( (325.8	+	332.8)	/	2 )	/	1908.5	*	365
=	329.3					/	1908.5	*	365
=	62.98

Modine Manufacturing 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
=	( (274.9	+	255.3)	/	2 )	/	434.1	*	365 / 4
=	265.1					/	434.1	*	365 / 4
=	55.73

Modine Manufacturing Co Days Payable Related Terms

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Modine Manufacturing Co (Modine Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Modine Manufacturing Co (NYSE:MOD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MMF:Germany MMF:Germany

Address

1500 DeKoven Avenue, Racine, WI, USA, 53403-2552

Website

https://www.modine.com

Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.

Executives

Michael B Lucareli	officer: EVP, CFO	1500 DEKOVEN AVE,, RACINE WI 53403
Christopher William Patterson	director	613 NW 11TH AVE, PORTLAND OR 97209
David J. Wilson	director	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Suresh V Garimella	director	585 PURDUE MALL, WEST LAFAYETTE IN 47907
William A Wulfsohn	director	ASHLAND INC., 50 EAST RIVERCENTER BLVD., COVINGTON KY 41011
Eric D Ashleman	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Katherine Carolyn Harper	director	263 TRESSER BOULEVARD, STAMFORD CT 06901
Marsha C Williams	director	EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
Larry Oscar Moore	director	2104 CALVERTON LN SW, ATLANTA GA 30331
Christine Y Yan	director	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Adrian Ian Peace	officer: President, Performance Technol	1500 DEKOVEN AVE., RACINE WI 53403
Eric S Mcginnis	officer: President, Climate Solutions	200 STATE STREET, BELOIT WI 53511
Brian Jon Agen	officer: VP, Human Resources	1500 DEKOVEN AVE., RACINE WI 53403
Sylvia Ann Stein	officer: VP, GC, Corp. Sec. and CCO	1500 DEKOVEN AVE., RACINE WI 53403
Neil David Brinker	director, officer: President and CEO	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525