TESI (Titan Environmental Solutions) Days Payable : 179.06 (As of Sep. 2024)

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What is Titan Environmental Solutions Days Payable?

Titan Environmental Solutions's average Accounts Payable for the three months ended in Sep. 2024 was $6.76 Mil. Titan Environmental Solutions's Cost of Goods Sold for the three months ended in Sep. 2024 was $3.45 Mil. Hence, Titan Environmental Solutions's Days Payable for the three months ended in Sep. 2024 was 179.06.

The historical rank and industry rank for Titan Environmental Solutions's Days Payable or its related term are showing as below:

TESI' s Days Payable Range Over the Past 10 Years
Min: 116.31 Med: 597.77 Max: 1082.77
Current: 194.05

During the past 7 years, Titan Environmental Solutions's highest Days Payable was 1082.77. The lowest was 116.31. And the median was 597.77.

TESI's Days Payable is ranked better than
74.04% of 235 companies
in the Waste Management industry
Industry Median: 71.3 vs TESI: 194.05

Titan Environmental Solutions's Days Payable increased from Sep. 2023 (104.61) to Sep. 2024 (179.06). It may suggest that Titan Environmental Solutions delayed paying its suppliers.

Titan Environmental Solutions Days Payable Historical Data

The historical data trend for Titan Environmental Solutions'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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Titan Environmental Solutions Days Payable Chart

Titan Environmental Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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597.77

683.29

116.66

116.31

Titan Environmental Solutions 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															104.61	151.08	220.39	230.82	179.06

Competitive Comparison of Titan Environmental Solutions's Days Payable

For the Waste Management subindustry, Titan Environmental Solutions'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.

Titan Environmental Solutions's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Titan Environmental Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Titan Environmental Solutions's Days Payable falls into.

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Titan Environmental Solutions 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.

Titan Environmental Solutions'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
=	( (0.669	+	3.476)	/	2 )	/	6.504	*	365
=	2.0725					/	6.504	*	365
=	116.31

Titan Environmental Solutions'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
=	( (6.275	+	7.253)	/	2 )	/	3.447	*	365 / 4
=	6.764					/	3.447	*	365 / 4
=	179.06

Titan Environmental Solutions Days Payable Related Terms

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

Titan Environmental Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Titan Environmental Solutions Inc (OTCPK:TESI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 E. Long Lake Road, Suite 100A, Bloomfield Hills, MI, USA, 48304

Website

https://www.titancares.com

Titan Environmental Solutions Inc is an integrated provider of non-hazardous solid waste and recycling collection, transportation, transfer and disposal services. It also provides technology-enabled solutions for food waste processing, including onsite digesters for food waste, together with cloud-based software tracking and analytics solutions. It currently has the majority of its operations in Michigan but is looking to expand its presence across the Midwest, Northeast and Southeast regions of the United States.

Executives

Eleven 11 Management Llc	10 percent owner	156 W. SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Jeffrey John Rizzo	director, 10 percent owner, officer: Chief Operating Officer	1931 AUSTIN DRIVE, TROY MI 48083
Michelle Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michelle M. Rizzo Trust, Dated January 17, 2009	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn D. Rizzo Trust, Dated April 23, 2010, As Amended	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan 5, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan Holdings 2, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michael Jansen	officer: Chief Financial Officer	1931 AUSTIN DRIVE, TROY MI 48083
Glen Martin Miller	director, officer: Chief Executive Officer	1931 AUSTIN DRIVE, TROY MI 48083
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Sandeep Soni	officer: President of Kringle.ai	515 OCEAN AVENUE, UNIT 401N, SANTA MONICA CA 90402
Lathika Regunathan	officer: President of Mimo Technologies	A 847, GROUND FLOOR, LAVY PINTO BLOCK,, ASIAN GAMES VILLAGE, NEW DELHI K7 110049
Michael H Pollack	officer: Interim CFO	114 WEST 47TH STREET, 19TH FLOOR, NEW YORK NY 10036
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540