TFI International (TFI International) Days Payable : 32.25 (As of Dec. 2023)

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What is TFI International Days Payable?

TFI International's average Accounts Payable for the three months ended in Dec. 2023 was $585 Mil. TFI International's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,656 Mil. Hence, TFI International's Days Payable for the three months ended in Dec. 2023 was 32.25.

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

TFII' s Days Payable Range Over the Past 10 Years
Min: 26.02 Med: 27.59 Max: 34.41
Current: 34.41

During the past 13 years, TFI International's highest Days Payable was 34.41. The lowest was 26.02. And the median was 27.59.

TFII's Days Payable is ranked worse than
55.75% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs TFII: 34.41

TFI International's Days Payable declined from Dec. 2022 (35.75) to Dec. 2023 (32.25). It may suggest that TFI International accelerated paying its suppliers.

TFI International Days Payable Historical Data

The historical data trend for TFI International'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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TFI International Days Payable Chart

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.99

31.89

27.74

27.45

27.25

TFI International 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															35.75	33.99	40.28	38.35	32.25

Competitive Comparison of TFI International's Days Payable

For the Trucking subindustry, TFI International'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.

TFI International's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Days Payable distribution charts can be found below:

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

TFI International 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.

TFI International'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
=	( (498.777	+	450.638)	/	2 )	/	6357.443	*	365
=	474.7075					/	6357.443	*	365
=	27.25

TFI International'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
=	( (719.722	+	450.638)	/	2 )	/	1655.79	*	365 / 4
=	585.18					/	1655.79	*	365 / 4
=	32.25

TFI International Days Payable Related Terms

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TFI International (TFI International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (NYSE:TFII) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TFII:Canada

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.