The Toro Co (FRA:TO2) Days Payable : 60.06 (As of Jan. 2024)

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What is The Toro Co Days Payable?

The Toro Co's average Accounts Payable for the three months ended in Jan. 2024 was €397 Mil. The Toro Co's Cost of Goods Sold for the three months ended in Jan. 2024 was €603 Mil. Hence, The Toro Co's Days Payable for the three months ended in Jan. 2024 was 60.06.

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

FRA:TO2' s Days Payable Range Over the Past 10 Years
Min: 32.43 Med: 50.62 Max: 65.59
Current: 57.01

During the past 13 years, The Toro Co's highest Days Payable was 65.59. The lowest was 32.43. And the median was 50.62.

FRA:TO2's Days Payable is ranked worse than
63.56% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs FRA:TO2: 57.01

The Toro Co's Days Payable declined from Jan. 2023 (67.15) to Jan. 2024 (60.06). It may suggest that The Toro Co accelerated paying its suppliers.

The Toro Co Days Payable Historical Data

The historical data trend for The Toro 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.

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The Toro Co Days Payable Chart

The Toro Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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49.43

58.65

60.02

60.99

64.41

The Toro Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															67.15	52.99	59.60	57.16	60.06

Competitive Comparison of The Toro Co's Days Payable

For the Tools & Accessories subindustry, The Toro 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 Toro Co's Days Payable Distribution in the Industrial Products Industry

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

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

The Toro 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 Toro Co's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (587.38	+	407.21)	/	2 )	/	2817.893	*	365
=	497.295					/	2817.893	*	365
=	64.41

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

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (407.21	+	387.212)	/	2 )	/	603.493	*	365 / 4
=	397.211					/	603.493	*	365 / 4
=	60.06

The Toro Co Days Payable Related Terms

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The Toro Co (FRA:TO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Toro Co (FRA:TO2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTC:USA

Address

8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196

Website

https://www.thetorocompany.com

The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

The Toro Co (FRA:TO2) Headlines

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