TOR Minerals International (TOR Minerals International) Days Payable : 24.71 (As of Dec. 2017)

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What is TOR Minerals International Days Payable?

TOR Minerals International's average Accounts Payable for the six months ended in Dec. 2017 was $2.40 Mil. TOR Minerals International's Cost of Goods Sold for the six months ended in Dec. 2017 was $35.41 Mil. Hence, TOR Minerals International's Days Payable for the six months ended in Dec. 2017 was 12.35.

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

TORM's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 60.975
* Ranked among companies with meaningful Days Payable only.

TOR Minerals International's Days Payable declined from Dec. 2015 (29.83) to Dec. 2017 (24.71). It may suggest that TOR Minerals International accelerated paying its suppliers.

TOR Minerals International Days Payable Historical Data

The historical data trend for TOR Minerals 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.

* Premium members only.

TOR Minerals International Days Payable Chart

TOR Minerals International Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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33.82

30.02

29.83

24.91

24.71

TOR Minerals International Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Days Payable	Get a 7-Day Free Trial															33.82	30.02	29.83	24.91	24.71

Competitive Comparison of TOR Minerals International's Days Payable

For the Specialty Chemicals subindustry, TOR Minerals 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.

TOR Minerals International's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, TOR Minerals International's Days Payable distribution charts can be found below:

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

TOR Minerals 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.

TOR Minerals International's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (2.122	+	2.672)	/	2 )	/	35.412	*	365
=	2.397					/	35.412	*	365
=	24.71

TOR Minerals International's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

	Days Payable (Q: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
=	( (2.122	+	2.672)	/	2 )	/	35.412	*	365 / 2
=	2.397					/	35.412	*	365 / 2
=	12.35

TOR Minerals International Days Payable Related Terms

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TOR Minerals International (TOR Minerals International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOR Minerals International Inc (OTCPK:TORM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 N Upper Broadway, Suite 410, Corpus Christi, TX, USA, 78401

Website

https://www.torminerals.com

TOR Minerals International Inc is engaged in the manufacture and sale of mineral products for use as pigments and extenders, majorly in the manufacture of paints, industrial coatings plastics, and solid surface applications. It has a business presence in the U.S., Pacific Rim; Canada, Mexico and South/Central America; Europe, Africa and the Middle East countries. Some of its products are Aluprem, Hitox and Tioprem, BARTEX and Haltex, among others.

Executives

Steven E Paulson	director	722 BURLESON STREET, CORPUS CHRISTI TX 78402
Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503

TOR Minerals International (TOR Minerals International) Headlines

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