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Thermon Group Holdings Days Payable

: 39.12 (As of Sep. 2019)
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Thermon Group Holdings's payable for the three months ended in Sep. 2019 was $24.7 Mil. Thermon Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2019 was $57.5 Mil. Hence, Thermon Group Holdings's days payable for the three months ended in Sep. 2019 was 39.12.

NYSE:THR' s Days Payable Range Over the Past 10 Years
Min: 33.83   Max: 50.93
Current: 36.02

33.83
50.93

During the past 10 years, Thermon Group Holdings's highest Days Payable was 50.93. The lowest was 33.83. And the median was 40.81.

NYSE:THR's Days Payable is ranked lower than
81% of the 2329 Companies
in the Industrial Products industry.

( Industry Median: 72.61 vs. NYSE:THR: 36.02 )

Thermon Group Holdings's days payable declined from Sep. 2018 (43.33) to Sep. 2019 (39.12). It may suggest that Thermon Group Holdings accelerated paying its suppliers.


Thermon Group Holdings Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Thermon Group Holdings Annual Data
Mar09 Mar10 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.67 47.16 37.61 50.93 35.01

Thermon Group Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.33 36.27 29.91 39.19 39.12

Competitive Comparison
* 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.


Thermon Group Holdings Days Payable Distribution

* The bar in red indicates where Thermon Group Holdings's Days Payable falls into.



Thermon Group Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Thermon Group Holdings's Days Payable for the fiscal year that ended in Mar. 2019 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=22.705/236.702*365
=35.01

Thermon Group Holdings's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=24.652/57.503*365 / 4
=39.12

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Thermon Group Holdings Days Payable Related Terms


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