Park-Ohio Holdings (Park-Ohio Holdings) Days Payable : 56.98 (As of Dec. 2023)

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What is Park-Ohio Holdings Days Payable?

Park-Ohio Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $203 Mil. Park-Ohio Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $325 Mil. Hence, Park-Ohio Holdings's Days Payable for the three months ended in Dec. 2023 was 56.98.

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

PKOH' s Days Payable Range Over the Past 10 Years
Min: 43.08 Med: 47.47 Max: 63.19
Current: 55.47

During the past 13 years, Park-Ohio Holdings's highest Days Payable was 63.19. The lowest was 43.08. And the median was 47.47.

PKOH's Days Payable is ranked worse than
64.81% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs PKOH: 55.47

Park-Ohio Holdings's Days Payable declined from Dec. 2022 (62.43) to Dec. 2023 (56.98). It may suggest that Park-Ohio Holdings accelerated paying its suppliers.

Park-Ohio Holdings Days Payable Historical Data

The historical data trend for Park-Ohio 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.

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Park-Ohio Holdings Days Payable Chart

Park-Ohio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.41

63.19

57.29

56.82

55.87

Park-Ohio Holdings 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															62.43	56.54	54.52	53.55	56.98

Competitive Comparison of Park-Ohio Holdings's Days Payable

For the Specialty Industrial Machinery subindustry, Park-Ohio 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.

Park-Ohio Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Park-Ohio Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Park-Ohio Holdings's Days Payable falls into.

Park-Ohio 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.

Park-Ohio Holdings'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
=	( (221	+	204)	/	2 )	/	1388.3	*	365
=	212.5					/	1388.3	*	365
=	55.87

Park-Ohio Holdings'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
=	( (202.1	+	204)	/	2 )	/	325.2	*	365 / 4
=	203.05					/	325.2	*	365 / 4
=	56.98

Park-Ohio Holdings Days Payable Related Terms

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Park-Ohio Holdings (Park-Ohio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Park-Ohio Holdings Corp (NAS:PKOH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6065 Parkland Boulevard, Cleveland, OH, USA, 44124

Website

http://www.pkoh.com

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Executives

James W Wert	director
Patrick W Fogarty	officer: Director Corporate Development
Robert D Vilsack	officer: Secretary & General Counsel
Moore Dan T Iii	director
Hanna Howard W Iv	director	6065 PARKLAND BLVD., CLEVELAND OH 44124
Matthew V Crawford	director, 10 percent owner, officer: President & COO
Edward F Crawford	director, 10 percent owner, officer: CEO, COB
Patrick V Auletta	director	23000 EUCLID AVE, EUCLID OH 44117
Steven H Rosen	director	6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Ronna Romney	director
Mixon Aaron Malachi Iii	director	800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick	officer: VP & CFO	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene	director
Jeffrey L Rutherford	officer: Vice President & CFO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799