Ternium (Ternium) Days Payable : 54.98 (As of Mar. 2024)

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What is Ternium Days Payable?

Ternium's average Accounts Payable for the three months ended in Mar. 2024 was $2,214 Mil. Ternium's Cost of Goods Sold for the three months ended in Mar. 2024 was $3,674 Mil. Hence, Ternium's Days Payable for the three months ended in Mar. 2024 was 54.98.

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

TX' s Days Payable Range Over the Past 10 Years
Min: 31.92 Med: 38.61 Max: 49.51
Current: 43.11

During the past 13 years, Ternium's highest Days Payable was 49.51. The lowest was 31.92. And the median was 38.61.

TX's Days Payable is ranked better than
52.38% of 588 companies
in the Steel industry
Industry Median: 39.59 vs TX: 43.11

Ternium's Days Payable increased from Mar. 2023 (38.96) to Mar. 2024 (54.98). It may suggest that Ternium delayed paying its suppliers.

Ternium Days Payable Historical Data

The historical data trend for Ternium'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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Ternium Days Payable Chart

Ternium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.45

49.51

40.12

33.81

44.42

Ternium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.96	43.04	38.33	50.07	54.98

Competitive Comparison of Ternium's Days Payable

For the Steel subindustry, Ternium'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.

Ternium's Days Payable Distribution in the Steel Industry

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

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

Ternium 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.

Ternium'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
=	( (1187.6	+	2232.654)	/	2 )	/	14050.737	*	365
=	1710.127					/	14050.737	*	365
=	44.42

Ternium's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2232.654	+	2195)	/	2 )	/	3674	*	365 / 4
=	2213.827					/	3674	*	365 / 4
=	54.98

Ternium Days Payable Related Terms

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Ternium (Ternium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium SA (NYSE:TX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TX:Mexico T5Z:Germany T5Z:Germany TXSA34:Brazil TXR:Argentina

Address

26 Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449

Website

https://www.ternium.com

Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.