The Timken Co (FRA:TKH) Days Payable : 42.32 (As of Sep. 2024)

View and export this data going back to 1957. Start your Free Trial

What is The Timken Co Days Payable?

The Timken Co's average Accounts Payable for the three months ended in Sep. 2024 was €327 Mil. The Timken Co's Cost of Goods Sold for the three months ended in Sep. 2024 was €705 Mil. Hence, The Timken Co's Days Payable for the three months ended in Sep. 2024 was 42.32.

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

FRA:TKH' s Days Payable Range Over the Past 10 Years
Min: 23.78 Med: 39.15 Max: 48.09
Current: 41.77

During the past 13 years, The Timken Co's highest Days Payable was 48.09. The lowest was 23.78. And the median was 39.15.

FRA:TKH's Days Payable is ranked worse than
76.72% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs FRA:TKH: 41.77

The Timken Co's Days Payable declined from Sep. 2023 (42.35) to Sep. 2024 (42.32). It may suggest that The Timken Co accelerated paying its suppliers.

The Timken Co Days Payable Historical Data

The historical data trend for The Timken 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.

* Premium members only.

The Timken Co Days Payable Chart

The Timken Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

39.18

49.70

46.27

46.54

43.83

The Timken Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															42.35	43.16	42.53	41.69	42.32

Competitive Comparison of The Timken Co's Days Payable

For the Tools & Accessories subindustry, The Timken 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.

The Timken Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Timken Co's Days Payable distribution charts can be found below:

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

The Timken 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.

The Timken Co'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
=	( (381.282	+	336.722)	/	2 )	/	2989.328	*	365
=	359.002					/	2989.328	*	365
=	43.83

The Timken Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (343.358	+	310.485)	/	2 )	/	704.943	*	365 / 4
=	326.9215					/	704.943	*	365 / 4
=	42.32

The Timken Co Days Payable Related Terms

Thank you for viewing the detailed overview of The Timken Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

The Timken Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Timken Co (FRA:TKH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TKR:USA TKR:Mexico TKH:Germany

Address

4500 Mount Pleasant Street North West, North Canton, OH, USA, 44720-5450

Website

https://www.timken.com

The Timken Company is a manufacturer of bearings, gear belts, industrial motion products and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorized dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Engineered Bearings and Industrial Motion. Timken generates majority of its revenue in the United States of America.

The Timken Co Headlines

No Headlines