Caterpillar (STU:CAT1) Days Payable : 64.19 (As of Dec. 2023)

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What is Caterpillar Days Payable?

Caterpillar's average Accounts Payable for the three months ended in Dec. 2023 was €7,292 Mil. Caterpillar's Cost of Goods Sold for the three months ended in Dec. 2023 was €10,366 Mil. Hence, Caterpillar's Days Payable for the three months ended in Dec. 2023 was 64.19.

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

STU:CAT1' s Days Payable Range Over the Past 10 Years
Min: 57.72 Med: 64.5 Max: 74.33
Current: 69.7

During the past 13 years, Caterpillar's highest Days Payable was 74.33. The lowest was 57.72. And the median was 64.50.

STU:CAT1's Days Payable is ranked worse than
51.71% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs STU:CAT1: 69.70

Caterpillar's Days Payable declined from Dec. 2022 (67.76) to Dec. 2023 (64.19). It may suggest that Caterpillar accelerated paying its suppliers.

Caterpillar Days Payable Historical Data

The historical data trend for Caterpillar'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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Caterpillar Days Payable Chart

Caterpillar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.70

77.81

70.25

71.12

70.22

Caterpillar 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															67.76	78.40	70.60	67.80	64.19

Competitive Comparison of Caterpillar's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Caterpillar'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.

Caterpillar's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Days Payable distribution charts can be found below:

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

Caterpillar 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.

Caterpillar'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
=	( (8202.416	+	7249.802)	/	2 )	/	40161.849	*	365
=	7726.109					/	40161.849	*	365
=	70.22

Caterpillar'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
=	( (7333.899	+	7249.802)	/	2 )	/	10365.768	*	365 / 4
=	7291.8505					/	10365.768	*	365 / 4
=	64.19

Caterpillar Days Payable Related Terms

Thank you for viewing the detailed overview of Caterpillar's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Caterpillar (STU:CAT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (STU:CAT1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CAT:USA CAT:Peru CAT:Mexico 1CAT:Italy CATR:France CAT1:Germany CAT:Chile CATR:Canada CATP34:Brazil CAT:Austria CAT:Argentina

Address

5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039

Website

https://www.caterpillar.com

Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

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