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Textainer Group Holdings Days Payable

: 173.33 (As of Jun. 2022)
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Textainer Group Holdings's average Accounts Payable for the three months ended in Jun. 2022 was $182.3 Mil. Textainer Group Holdings's Cost of Goods Sold for the three months ended in Jun. 2022 was $96.0 Mil. Hence, Textainer Group Holdings's Days Payable for the three months ended in Jun. 2022 was 173.33.

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

TGH' s Days Payable Range Over the Past 10 Years
Min: 36.32   Med: 98.48   Max: 239.87
Current: 239.87

During the past 13 years, Textainer Group Holdings's highest Days Payable was 239.87. The lowest was 36.32. And the median was 98.48.

TGH's Days Payable is ranked better than
86.12% of 908 companies
in the Business Services industry
Industry Median: 50.97 vs TGH: 239.87

Textainer Group Holdings's Days Payable declined from Jun. 2021 (445.08) to Jun. 2022 (173.33). It may suggest that Textainer Group Holdings accelerated paying its suppliers.


Textainer Group Holdings Days Payable Historical Data

The historical data trend for Textainer Group 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.

Textainer Group Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.91 104.45 62.85 149.36 220.87

Textainer Group Holdings Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 445.08 348.13 235.34 165.82 173.33

Competitive Comparison

For the Rental & Leasing Services subindustry, Textainer Group 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.

   

Textainer Group Holdings Days Payable Distribution

For the Business Services industry and Industrials sector, Textainer Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Textainer Group Holdings's Days Payable falls into.



Textainer Group 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.

Textainer Group Holdings's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (274.729 + 181.064) / 2 ) / 376.604*365
=227.8965 / 376.604*365
=220.87

Textainer Group Holdings's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (167.437 + 197.196) / 2 ) / 95.983*365 / 4
=182.3165 / 95.983*365 / 4
=173.33

* 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.


Textainer Group Holdings Days Payable Related Terms

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Textainer Group Holdings Business Description

Textainer Group Holdings logo
Address
16 Par-La-Ville Road, Century House, Hamilton, BMU, HM 08
Textainer Group Holdings Ltd is an intermodal container leasing company providing customers globally, including international shipping lines and other leases. The firm's operating segments are Container Ownership, Container Management, and Container Resale. Its geographical segments are Asia, Europe, North/South America, and other international countries. Textainer generates the majority of its revenue from lease rental income.

Textainer Group Holdings Headlines

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