Illinois Tool Works (LTS:0J8W) Days Payable : 22.08 (As of Dec. 2024)

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What is Illinois Tool Works Days Payable?

Illinois Tool Works's average Accounts Payable for the three months ended in Dec. 2024 was $538 Mil. Illinois Tool Works's Cost of Goods Sold for the three months ended in Dec. 2024 was $2,221 Mil. Hence, Illinois Tool Works's Days Payable for the three months ended in Dec. 2024 was 22.08.

The historical rank and industry rank for Illinois Tool Works's Days Payable or its related term are showing as below:

LTS:0J8W' s Days Payable Range Over the Past 10 Years
Min: 22.15 Med: 22.92 Max: 24.89
Current: 23.31

During the past 13 years, Illinois Tool Works's highest Days Payable was 24.89. The lowest was 22.15. And the median was 22.92.

LTS:0J8W's Days Payable is ranked worse than
92.49% of 2929 companies
in the Industrial Products industry
Industry Median: 75.89 vs LTS:0J8W: 23.31

Illinois Tool Works's Days Payable declined from Dec. 2023 (22.91) to Dec. 2024 (22.08). It may suggest that Illinois Tool Works accelerated paying its suppliers.

Illinois Tool Works Days Payable Historical Data

The historical data trend for Illinois Tool Works'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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Illinois Tool Works Days Payable Chart

Illinois Tool Works Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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24.89

24.06

22.82

23.02

22.66

Illinois Tool Works 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															22.91	25.06	23.66	23.16	22.08

Competitive Comparison of Illinois Tool Works's Days Payable

For the Specialty Industrial Machinery subindustry, Illinois Tool Works'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.

Illinois Tool Works's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Illinois Tool Works's Days Payable distribution charts can be found below:

* The bar in red indicates where Illinois Tool Works's Days Payable falls into.

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Illinois Tool Works 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.

Illinois Tool Works'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
=	( (581	+	519)	/	2 )	/	8858	*	365
=	550					/	8858	*	365
=	22.66

Illinois Tool Works'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
=	( (556	+	519)	/	2 )	/	2221	*	365 / 4
=	537.5					/	2221	*	365 / 4
=	22.08

Illinois Tool Works Days Payable Related Terms

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Illinois Tool Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Illinois Tool Works Inc (LTS:0J8W) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ITW:USA ILT:Germany ILT:Germany ILT:Germany ITW:Austria

Address

155 Harlem Avenue, Glenview, IL, USA, 60025

Website

https://www.itw.com

Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.

Illinois Tool Works Headlines

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