CVGI (Commercial Vehicle Group) Days Payable : 51.64 (As of Dec. 2024)

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What is Commercial Vehicle Group Days Payable?

Commercial Vehicle Group's average Accounts Payable for the three months ended in Dec. 2024 was $85.0 Mil. Commercial Vehicle Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $150.2 Mil. Hence, Commercial Vehicle Group's Days Payable for the three months ended in Dec. 2024 was 51.64.

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

CVGI' s Days Payable Range Over the Past 10 Years
Min: 34.32 Med: 41.82 Max: 58.61
Current: 44.26

During the past 13 years, Commercial Vehicle Group's highest Days Payable was 58.61. The lowest was 34.32. And the median was 41.82.

CVGI's Days Payable is ranked worse than
70.51% of 1282 companies
in the Vehicles & Parts industry
Industry Median: 65.31 vs CVGI: 44.26

Commercial Vehicle Group's Days Payable increased from Dec. 2023 (48.59) to Dec. 2024 (51.64). It may suggest that Commercial Vehicle Group delayed paying its suppliers.

Commercial Vehicle Group Days Payable Historical Data

The historical data trend for Commercial Vehicle Group'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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Commercial Vehicle Group Days Payable Chart

Commercial Vehicle Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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49.75

45.88

58.61

50.41

42.73

Commercial Vehicle Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															48.59	36.79	41.76	56.92	51.64

Competitive Comparison of Commercial Vehicle Group's Days Payable

For the Auto Parts subindustry, Commercial Vehicle Group'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.

Commercial Vehicle Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Commercial Vehicle Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Commercial Vehicle Group's Days Payable falls into.

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Commercial Vehicle Group 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.

Commercial Vehicle Group's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (75.246	+	77.002)	/	2 )	/	650.236	*	365
=	76.124					/	650.236	*	365
=	42.73

Commercial Vehicle Group's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (93.008	+	77.002)	/	2 )	/	150.217	*	365 / 4
=	85.005					/	150.217	*	365 / 4
=	51.64

Commercial Vehicle Group Days Payable Related Terms

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Commercial Vehicle Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Commercial Vehicle Group Inc (NAS:CVGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FDU:Germany

Address

7800 Walton Parkway, New Albany, OH, USA, 43054

Website

https://www.cvgrp.com

Commercial Vehicle Group Inc is a provider of systems, assemblies, and components to the commercial vehicle market and the electric vehicle markets. It delivers solutions to complex design, engineering, and manufacturing problems while creating positive change for customers, industries, and communities. Its operating segments are Vehicle Solutions, Electrical Systems, and Aftermarket and Accessories. The company makes the majority of its revenue from Vehicle Solutions. The group generates revenue from its products including seating systems, plastic components, electrical wire harnesses, mirrors, wipers, and other accessories. Its geographic regions are North America, Europe and Asia-Pacific.

Executives

Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
J Michael Nauman	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Robert C Griffin	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Wayne M Rancourt	director	1111 WEST JEFFERSON STREET, SUITE 300, P O BOX 50, BOISE ID 83728
Melanie K. Cook	director	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Roger L Fix	director
Chung Kin Cheung	officer: EVP & CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Aneezal H Mohamed	officer: General Counsel, Cmp Ofc & Sec	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Richard Iii Tajer	officer: SVP & Chief Commercial Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Kristin S Mathers	officer: Chief HR Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Christopher H Bohnert	officer: CFO & Chief Accounting Officer	2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Harold C Bevis	director	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Ruth Gratzke	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Angela M O'leary	other: VP, Controller & Ch Acct Offcr	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Edmund S Carney	officer: Interim CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054