Manitowoc Co (FRA:MNGN) Days Payable: 59.21 (As of Jun. 2026) — 10% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:MNGN Manitowoc Co Inc FRA:MNGN
68 GF Score
Price €16.10
GF Value €10.27
! 7 Warning Signs
View Full Analysis

What is Manitowoc Co Days Payable?

Manitowoc Co FRA:MNGN -0.62% 68 Days Payable is 59.21 as of Jun. 2026, which is 10% above its 10-year median of 53.72. GuruFocus rates FRA:MNGN with a GF Score™ of 68/100 and a GF Value™ of €10.27. The stock has 7 warning signs investors should review. Among 210 Farm & Heavy Construction Machinery companies, Manitowoc Co ranks worse than 60.95% on this metric.

Manitowoc Co's average Accounts Payable for the three months ended in Jun. 2026 was €266 Mil. Manitowoc Co's Cost of Goods Sold for the three months ended in Jun. 2026 was €410 Mil. Hence, Manitowoc Co's Days Payable for the three months ended in Jun. 2026 was 59.21.

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

FRA:MNGN' s Days Payable Range Over the Past 10 Years
Min: 44.51   Med: 53.72   Max: 57.2
Current: 56.93

During the past 13 years, Manitowoc Co's highest Days Payable was 57.20. The lowest was 44.51. And the median was 53.72.

FRA:MNGN's Days Payable is ranked worse than
60.95% of 210 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 69.675 vs FRA:MNGN: 56.93

Manitowoc Co's Days Payable declined from Jun. 2025 (62.18) to Jun. 2026 (59.21). It may suggest that Manitowoc Co accelerated paying its suppliers.


Manitowoc Co Days Payable Historical Data

* Premium members only.

The historical data trend for Manitowoc Co'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.

Manitowoc Co Days Payable Chart

Manitowoc Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.21 54.54 54.41 45.56 46.92

Manitowoc Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.18 62.81 43.92 60.44 59.21

FRA:MNGN vs TWI, WNC, CMCO: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Manitowoc Co'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.


Manitowoc Co Days Payable vs Farm & Heavy Construction Machinery Industry

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

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


FRA:MNGN
68GF Score
Manitowoc Co Inc FRA:MNGN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manitowoc Co 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.

Manitowoc Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (196.253 + 206.924) / 2 ) / 1568.115*365
=201.5885 / 1568.115*365
=46.92

Manitowoc Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (250.59 + 280.885) / 2 ) / 409.522*365 / 4
=265.7375 / 409.522*365 / 4
=59.21

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 59.21 mean?
Manitowoc Co (FRA:MNGN) has a Days Payable of 59.21 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Manitowoc Co and its competitors. This is 10% above median its historical median of 53.72. Over the past decade, Manitowoc Co's Days Payable has ranged from 44.51 to 57.20. According to the industry distribution chart, Manitowoc Co ranks #128 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 61%.
Is Manitowoc Co's Days Payable too high?
Manitowoc Co's current Days Payable of 59.21 is 10% above median its 10-year median of 53.72. Over the past 10 years, this metric has ranged from a low of 44.51 to a high of 57.20. The Farm & Heavy Construction Machinery industry median Days Payable is 69.68. Manitowoc Co's value of 59.21 is 15% below this industry median. Based on the distribution chart, Manitowoc Co ranks #128 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Manitowoc Co has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Manitowoc Co's Days Payable compare to TWI and WNC?
According to the Farm & Heavy Construction Machinery industry distribution chart, Manitowoc Co ranks #128 out of 210 companies for Days Payable. This places Manitowoc Co in the lower half of its industry. The industry median Days Payable is 69.68. Manitowoc Co's value of 59.21 is 15% below this benchmark. Historically, Manitowoc Co's own Days Payable has ranged from 44.51 to 57.20 over the past decade. While the company's 10-year median is 53.72 vs. the industry median of 69.68, Manitowoc Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 69.68, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manitowoc Co's current Days Payable of 59.21 is 15% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Manitowoc Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 69.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manitowoc Co's current Days Payable is 59.21, which is 10% above median its own 10-year median of 53.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manitowoc Co stock overvalued right now?
Manitowoc Co (FRA:MNGN) has a current Days Payable of 59.21. The stock's GF Value™ is €10.27, compared to a current price of €16.10 — trading 56.8% above its estimated fair value. The current Days Payable is 59.21, which is 10% above median its 10-year median of 53.72 and 15% below the Farm & Heavy Construction Machinery industry median of 69.68. Manitowoc Co's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Manitowoc Co (FRA:MNGN), the current Days Payable is 59.21 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manitowoc Co (FRA:MNGN) Overvalued in 2026?

Based on GuruFocus' analysis, Manitowoc Co stock appears to be overvalued. The current stock price of €16.10 is trading 56.8% above its estimated GF Value™ of €10.27.

Key valuation signals for FRA:MNGN:

  • Days Payable: 59.21 (10% above median its 10-year median of 53.72)
  • GF Value™: €10.27 vs. price of €16.10 (56.8% above fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 15% below the Farm & Heavy Construction Machinery median (#128 of 210)

No single metric tells the full story. See the FRA:MNGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manitowoc Co Business Description

Other Exchanges MTW:USA
Address 11270 West Park Place, Suite 1000, One Park Plaza, Milwaukee, WI, USA, 53224
Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.
68GF Score

Get the complete analysis for FRA:MNGN

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.10
Price
€10.27
GF Value