CNH Industrial NV (WBO:CNHI) Days Payable

: 70.43 (As of Dec. 2023)

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CNH Industrial NV's average Accounts Payable for the three months ended in Dec. 2023 was €3,330 Mil. CNH Industrial NV's Cost of Goods Sold for the three months ended in Dec. 2023 was €4,314 Mil. Hence, CNH Industrial NV's Days Payable for the three months ended in Dec. 2023 was 70.43.

The historical rank and industry rank for CNH Industrial NV's Days Payable or its related term are showing as below:

WBO:CNHI' s Days Payable Range Over the Past 10 Years
Min: 78.58 Med: 95.87 Max: 196.2
Current: 81.16

During the past 13 years, CNH Industrial NV's highest Days Payable was 196.20. The lowest was 78.58. And the median was 95.87.

WBO:CNHI's Days Payable is ranked better than
55.61% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs WBO:CNHI: 81.16

CNH Industrial NV's Days Payable increased from Dec. 2022 (66.41) to Dec. 2023 (70.43). It may suggest that CNH Industrial NV delayed paying its suppliers.

CNH Industrial NV Days Payable Historical Data

The historical data trend for CNH Industrial NV'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.

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

95.16

204.94

122.03

76.18

80.44

CNH Industrial NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																66.41	96.51	80.56	83.77	70.43

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.

CNH Industrial NV Days Payable Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Days Payable distribution charts can be found below:

* The bar in red indicates where CNH Industrial NV's Days Payable falls into.

CNH Industrial NV 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.

CNH Industrial NV'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
=	( (3494.688	+	3311.287)	/	2 )	/	15440.446	*	365
=	3402.9875					/	15440.446	*	365
=	80.44

CNH Industrial NV'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
=	( (3348.838	+	3311.287)	/	2 )	/	4314.485	*	365 / 4
=	3330.0625					/	4314.485	*	365 / 4
=	70.43

CNH Industrial NV Days Payable Related Terms

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CNH Industrial NV (WBO:CNHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (WBO:CNHI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CNHI:USA 1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.