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Garrett Motion (Garrett Motion) Days Payable : 129.14 (As of Mar. 2024)


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What is Garrett Motion Days Payable?

Garrett Motion's average Accounts Payable for the three months ended in Mar. 2024 was $1,052 Mil. Garrett Motion's Cost of Goods Sold for the three months ended in Mar. 2024 was $743 Mil. Hence, Garrett Motion's Days Payable for the three months ended in Mar. 2024 was 129.14.

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

GTX' s Days Payable Range Over the Past 10 Years
Min: 113.59   Med: 125.51   Max: 148.34
Current: 128.15

During the past 9 years, Garrett Motion's highest Days Payable was 148.34. The lowest was 113.59. And the median was 125.51.

GTX's Days Payable is ranked better than
80.68% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs GTX: 128.15

Garrett Motion's Days Payable increased from Mar. 2023 (126.83) to Mar. 2024 (129.14). It may suggest that Garrett Motion delayed paying its suppliers.


Garrett Motion Days Payable Historical Data

The historical data trend for Garrett Motion'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.

Garrett Motion Days Payable Chart

Garrett Motion Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only 137.50 148.34 126.30 128.38 123.73

Garrett Motion Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 126.83 127.40 128.15 129.15 129.14

Competitive Comparison of Garrett Motion's Days Payable

For the Auto Parts subindustry, Garrett Motion'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.


Garrett Motion's Days Payable Distribution in the Vehicles & Parts Industry

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

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



Garrett Motion 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.

Garrett Motion'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
=( (1048 + 1074) / 2 ) / 3130*365
=1061 / 3130*365
=123.73

Garrett Motion's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1074 + 1029) / 2 ) / 743*365 / 4
=1051.5 / 743*365 / 4
=129.14

* 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.


Garrett Motion Days Payable Related Terms

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


Garrett Motion (Garrett Motion) Business Description

Traded in Other Exchanges
Address
La Piece 16, Rolle, CHE, 1180
Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the vehicle independent aftermarket, as well as automotive software solutions. The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network.
Executives
Centerbridge Special Credit Partners Iii-flex, L.p. 10 percent owner 375 PARK AVENUE, 12TH AVENUE, NEW YORK NY 10152
Cyrus Capital Partners, L.p. 10 percent owner 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Pierre Barthelet officer: SVP, Marketing & Prod Mgmt C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Cscp Iii Cayman Gp Ltd. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Seth A Klarman 10 percent owner 10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Centerbridge Credit Gp Investors, L.l.c. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Special Credit Partners General Partner Iii, L.p. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Ccp Iii Cayman Gp Ltd. 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Cayman Gp, Ltd. 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Master, L.p. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Offshore General Partner, L.p. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Jeffrey Aronson 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Kevin Mahony director 375 PARK AVENUE, NEW YORK NY 10152