CTAS (Cintas) Days Payable : 28.91 (As of Nov. 2024)

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What is Cintas Days Payable?

Cintas's average Accounts Payable for the three months ended in Nov. 2024 was $407 Mil. Cintas's Cost of Goods Sold for the three months ended in Nov. 2024 was $1,285 Mil. Hence, Cintas's Days Payable for the three months ended in Nov. 2024 was 28.91.

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

CTAS' s Days Payable Range Over the Past 10 Years
Min: 14.94 Med: 21.12 Max: 25.92
Current: 25.92

During the past 13 years, Cintas's highest Days Payable was 25.92. The lowest was 14.94. And the median was 21.12.

CTAS's Days Payable is ranked worse than
69.93% of 908 companies
in the Business Services industry
Industry Median: 46.105 vs CTAS: 25.92

Cintas's Days Payable increased from Nov. 2023 (23.32) to Nov. 2024 (28.91). It may suggest that Cintas delayed paying its suppliers.

Cintas Days Payable Historical Data

The historical data trend for Cintas'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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Cintas Days Payable Chart

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Days Payable

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21.66

22.17

20.85

21.77

23.84

Cintas Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Days Payable	Get a 7-Day Free Trial															23.32	23.39	23.52	26.84	28.91

Competitive Comparison of Cintas's Days Payable

For the Specialty Business Services subindustry, Cintas'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.

Cintas's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Days Payable distribution charts can be found below:

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

Cintas 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.

Cintas's Days Payable for the fiscal year that ended in May. 2024 is calculated as

	Days Payable (A: May. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2023 )	+	Accounts Payable (A: May. 2024 ))	/	count )	/	Cost of Goods Sold (A: May. 2024 )	*	Days in Period
=	( (302.292	+	339.166)	/	2 )	/	4910.199	*	365
=	320.729					/	4910.199	*	365
=	23.84

Cintas's Days Payable for the quarter that ended in Nov. 2024 is calculated as:

	Days Payable (Q: Nov. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2024 )	+	Accounts Payable (Q: Nov. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
=	( (395.931	+	418.259)	/	2 )	/	1285.08	*	365 / 4
=	407.095					/	1285.08	*	365 / 4
=	28.91

Cintas Days Payable Related Terms

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Cintas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (NAS:CTAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTAS:Mexico 0HYJ:UK CIT:Germany CIT:Germany C1TA34:Brazil CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

Executives

Todd M. Schneider	director, officer: CEO and Director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Gerald S Adolph	director	101 PARK AVENUE, ROOM 2005, NEW YORK NY 10178
Jim Rozakis	officer: Executive Vice President & COO	6800 CINTAS BLVD, CINCINNATI OH 45262
Ronald W Tysoe	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
J. Michael Hansen	officer: VP & CFO	6800 CINTAS BOULEVARD, CINCINNATI OH 45262-5737
Robert E. Coletti	director, officer: Assistant Secretary	P.O. BOX 625737, 6800 CINTAS BLVD., CINCINNATI OH 45262
Melanie W. Barstad	director	P.O. BOX 625737, MASON OH 45040
John F Barrett	director
David Brock Denton	officer: Sr VP, Secretary & Gen Counsel	P.O. BOX 625737, CINCINNATI OH 45262
Michael Lawrence Thompson	officer: Executive Vice President & CAO	6800 CINTAS BOULEVARD, P.O. BOX 625737, CINCINNATI OH 45262
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Martin Mucci	director	911 PANORAMA TRAIL S, ROCHESTER NY 14625
Thomas E Frooman	officer: VP, Secretary & Gen. Counsel
James J Johnson	director	C/O THE PROCTER & GAMBLE COMPANY,, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
James Phillip Holloman	officer: President and COO	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262