Textron (Textron) Days Payable

: 31.44 (As of Dec. 2023)

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Textron's average Accounts Payable for the three months ended in Dec. 2023 was $1,120 Mil. Textron's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,249 Mil. Hence, Textron's Days Payable for the three months ended in Dec. 2023 was 31.44.

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

TXT' s Days Payable Range Over the Past 10 Years
Min: 27.68 Med: 35.4 Max: 39.63
Current: 36.9

During the past 13 years, Textron's highest Days Payable was 39.63. The lowest was 27.68. And the median was 35.40.

TXT's Days Payable is ranked worse than
80.54% of 298 companies
in the Aerospace & Defense industry
Industry Median: 77.655 vs TXT: 36.90

Textron's Days Payable increased from Dec. 2022 (28.19) to Dec. 2023 (31.44). It may suggest that Textron delayed paying its suppliers.

Textron Days Payable Historical Data

The historical data trend for Textron'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.

Textron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.63

38.94

27.68

30.48

32.66

Textron 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															28.19	41.44	40.21	40.11	31.44

Competitive Comparison

For the Aerospace & Defense subindustry, Textron'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.

Textron Days Payable Distribution

For the Aerospace & Defense industry and Industrials sector, Textron's Days Payable distribution charts can be found below:

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

Textron 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.

Textron'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
=	( (1018	+	1023)	/	2 )	/	11405	*	365
=	1020.5					/	11405	*	365
=	32.66

Textron'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
=	( (1216	+	1023)	/	2 )	/	3249	*	365 / 4
=	1119.5					/	3249	*	365 / 4
=	31.44

Textron Days Payable Related Terms

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Textron (Textron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (NYSE:TXT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TXT:Germany TXT:Germany

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Executives

R Kerry Clark	director	C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Michael X Garrett	director	6521 CHIPSTEAD LANE, CHARLOTTE NC 28277
Frank T Connor	officer: Executive VP and CFO	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Scott C Donnelly	officer: Executive VP and COO
Thomas A Kennedy	director	870 WINTER STREET, WALTHAM MA 02451
Richard F Ambrose	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Mark S Bamford	officer: VP and Corporate Controller	40 WESTMINSTER STREET, PROVIDENCE RI 02903
E Robert Lupone	officer: EVP, General Counsel and Secy	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Kathleen M Bader	director	2030 DOW CENTER, MIDLAND MI 49640
Nowell Lionel L Iii	director	401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Julie G Duffy	officer: Executive VP - Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Ralph D Heath	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Maria T Zuber	director	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Cheryl H Johnson	officer: Executive VP, Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903