Toromont Industries (Toromont Industries) Days Payable : 64.61 (As of Dec. 2023)

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What is Toromont Industries Days Payable?

Toromont Industries's average Accounts Payable for the three months ended in Dec. 2023 was $474 Mil. Toromont Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $669 Mil. Hence, Toromont Industries's Days Payable for the three months ended in Dec. 2023 was 64.61.

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

TMTNF' s Days Payable Range Over the Past 10 Years
Min: 58.75 Med: 74.63 Max: 115.52
Current: 67.94

During the past 13 years, Toromont Industries's highest Days Payable was 115.52. The lowest was 58.75. And the median was 74.63.

TMTNF's Days Payable is ranked better than
65.03% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.24 vs TMTNF: 67.94

Toromont Industries's Days Payable declined from Dec. 2022 (75.62) to Dec. 2023 (64.61). It may suggest that Toromont Industries accelerated paying its suppliers.

Toromont Industries Days Payable Historical Data

The historical data trend for Toromont Industries'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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Toromont Industries Days Payable Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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114.30

95.39

71.90

78.64

72.26

Toromont Industries 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															75.62	73.12	62.27	67.52	64.61

Competitive Comparison of Toromont Industries's Days Payable

For the Industrial Distribution subindustry, Toromont Industries'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.

Toromont Industries's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Toromont Industries's Days Payable distribution charts can be found below:

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

Toromont Industries 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.

Toromont Industries'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
=	( (508.711	+	488)	/	2 )	/	2517.45	*	365
=	498.3555					/	2517.45	*	365
=	72.26

Toromont Industries'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
=	( (459.921	+	488)	/	2 )	/	669.346	*	365 / 4
=	473.9605					/	669.346	*	365 / 4
=	64.61

Toromont Industries Days Payable Related Terms

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Toromont Industries (Toromont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (OTCPK:TMTNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

14T:Germany TIH:Canada

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.