Owens-Corning (Owens-Corning) Days Payable : 67.40 (As of Mar. 2024)

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What is Owens-Corning Days Payable?

Owens-Corning's average Accounts Payable for the three months ended in Mar. 2024 was $1,197 Mil. Owens-Corning's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,620 Mil. Hence, Owens-Corning's Days Payable for the three months ended in Mar. 2024 was 67.40.

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

OC' s Days Payable Range Over the Past 10 Years
Min: 46.39 Med: 55.78 Max: 66.83
Current: 64.36

During the past 13 years, Owens-Corning's highest Days Payable was 66.83. The lowest was 46.39. And the median was 55.78.

OC's Days Payable is ranked worse than
57.3% of 1602 companies
in the Construction industry
Industry Median: 73.785 vs OC: 64.36

Owens-Corning's Days Payable declined from Mar. 2023 (67.78) to Mar. 2024 (67.40). It may suggest that Owens-Corning accelerated paying its suppliers.

Owens-Corning Days Payable Historical Data

The historical data trend for Owens-Corning'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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Owens-Corning Days Payable Chart

Owens-Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.77

56.64

57.24

62.32

66.83

Owens-Corning 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															67.78	61.57	61.51	64.21	67.40

Competitive Comparison of Owens-Corning's Days Payable

For the Building Products & Equipment subindustry, Owens-Corning'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.

Owens-Corning's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Owens-Corning's Days Payable distribution charts can be found below:

* The bar in red indicates where Owens-Corning's Days Payable falls into.

Owens-Corning 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.

Owens-Corning'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
=	( (1345	+	1216)	/	2 )	/	6994	*	365
=	1280.5					/	6994	*	365
=	66.83

Owens-Corning'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
=	( (1216	+	1177)	/	2 )	/	1620	*	365 / 4
=	1196.5					/	1620	*	365 / 4
=	67.40

Owens-Corning Days Payable Related Terms

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Owens-Corning (Owens-Corning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Owens-Corning Inc (NYSE:OC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

O5Q:Germany

Address

One Owens Corning Parkway, Toledo, OH, USA, 43659

Website

https://www.owenscorning.com

Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.

Executives

Marcio A Sandri	officer: President, Composites	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Mari Doerfler	officer: Vice President and Controller	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
W Howard Morris	director	1538 STRATHCONA, DETROIT MI 48203
Monaco Nicolas Del	officer: President, Insulation	ONE OWENS CORNING PKWY, TOLEDO OH 43659
Todd W Fister	officer: President, Insulation	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gunner Smith	officer: President, Roofing	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paula Russell	officer: SVP, Chief HR Officer	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Jose Mendez-andino	officer: EVP, Chief R&D Officer	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Kelly Schmidt	officer: Vice President and Controller	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Brian Chambers	officer: President, Roofing and Asphalt	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Daniel T Smith	officer: Sr. VP Organization & Admin	OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gina A. Beredo	officer: EVP, GC and Secretary	C/O OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paul Edward Martin	director	C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Alfred E Festa	director
Kenneth Scott Parks	officer: Sr. VP&Chief Financial Officer	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659