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TriMas's average Accounts Payable for the three months ended in Mar. 2024 was $87.1 Mil. TriMas's Cost of Goods Sold for the three months ended in Mar. 2024 was $174.4 Mil. Hence, TriMas's Days Payable for the three months ended in Mar. 2024 was 45.56.
The historical rank and industry rank for TriMas's Days Payable or its related term are showing as below:
During the past 13 years, TriMas's highest Days Payable was 75.66. The lowest was 44.26. And the median was 49.28.
TriMas's Days Payable declined from Mar. 2023 (46.50) to Mar. 2024 (45.56). It may suggest that TriMas accelerated paying its suppliers.
The historical data trend for TriMas'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.
TriMas Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Payable | Get a 7-Day Free Trial | 48.27 | 44.26 | 44.98 | 46.74 | 46.70 |
TriMas Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Payable | Get a 7-Day Free Trial | 46.50 | 43.30 | 42.04 | 47.56 | 45.56 |
For the Packaging & Containers subindustry, TriMas'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.
For the Packaging & Containers industry and Consumer Cyclical sector, TriMas's Days Payable distribution charts can be found below:
* The bar in red indicates where TriMas's Days Payable falls into.
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.
TriMas'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 |
= | ( (85.21 | + | 91.91) | / | 2 ) | / | 692.23 | * | 365 |
= | 88.56 | / | 692.23 | * | 365 | ||||
= | 46.70 |
TriMas's Days Payable for the quarter that ended in Mar. 2024 is calculated as:
Days Payable (Q: Mar. 2024 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Dec. 2023 ) | + | Accounts Payable (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (91.91 | + | 82.25) | / | 2 ) | / | 174.39 | * | 365 / 4 |
= | 87.08 | / | 174.39 | * | 365 / 4 | ||||
= | 45.56 |
* 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.
Thank you for viewing the detailed overview of TriMas's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Teresa M. Finley | director | 927 STOVALL BOULEVARD NE, ATLANTA GA 30319 |
Daniel P Tredwell | director | 177 BROAD STREET, 10TH FLOOR, STAMFORD CT 06901 |
Scott A Mell | officer: Chief Financial Officer | 4884 CIDER HILL DRIVE, ROCHESTER MI 48306 |
Jodi F. Robin | officer: General Counsel and Secretary | 38505 WOODWARD AVENUE, BLOOMFIELD HILLS MI 48304 |
Paul Swart | other: Chief Accounting Officer | 38505 WOODWARD AVENUE, STE. 200, BLOOMFIELD HILLS MI 48304 |
Jeffrey A Fielkow | director | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Samuel Iii Valenti | director, officer: Chairman | 39400 WOODWARD AVENUE, SUITE 100, BLOOMFIELD HILLS MI 48304 |
Thomas A Amato | director, officer: President and CEO | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Salik Fabio Leandro Matheus | officer: President, TriMas Packaging | 3012 FOREST CREEK CT., NAPERVILLE IL 60565 |
John Philip Schaefer | officer: President, TriMas Aerospace | 27411 VALDERAS, MISSION VIEJO CA 92691 |
Jeffrey M Greene | director | 4990 OLDE TOWNE WAY, MARIETTA GA 30068 |
Robert J Zalupski | officer: Vice President & Treasurer | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Joshua A Sherbin | officer: Vice President & Secretary | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Herbert K Parker | director | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Holly M Boehne | director | 6955 BLACK DUCK DRIVE, LINO LAKES MN 55014 |
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