Toromont IndustriesTMTNF +8.13%89 Days Payable is 66.36 as of Mar. 2026, which is 10% below its 10-year median of 73.94. GuruFocus rates TMTNF with a GF Score™ of 89/100 and a GF Value™ of $105.04 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 153 Industrial Distribution companies, Toromont Industries ranks better than 51.63% on this metric.
The historical rank and industry rank for Toromont Industries's Days Payable or its related term are showing as below:
TMTNF'
s Days Payable Range Over the Past 10 Years
Min: 58.51 Med: 73.94 Max: 114.88
Current: 58.51
During the past 13 years, Toromont Industries's highest Days Payable was 114.88. The lowest was 58.51. And the median was 73.94.
TMTNF's Days Payable is ranked better than 51.63% of 153
companies
in the Industrial Distribution industry
Industry Median: 56.57
vs TMTNF: 58.51
Toromont Industries's Days Payable
declined
from Mar. 2025 (70.45) to Mar. 2026 (66.36).
It may suggest that Toromont Industriesaccelerated paying its suppliers.
Toromont Industries Days Payable Related Terms
Toromont Industries Days Payable Historical Data
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The historical data trend for Toromont Industries'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.
For the Industrial Distribution subindustry, Toromont Industries'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.
Toromont Industries Days Payable vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Toromont Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Toromont Industries's Days Payable falls into.
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.
Toromont Industries's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Toromont Industries (TMTNF) has a Days Payable of 66.36 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Toromont Industries and its competitors. This is 10% below median its historical median of 73.94. Over the past decade, Toromont Industries' Days Payable has ranged from 58.51 to 114.88. According to the industry distribution chart, Toromont Industries ranks #74 out of 153 companies in the Industrial Distribution industry, placing it in the top 48.4%.
Is Toromont Industries' Days Payable too high?
Toromont Industries' current Days Payable of 66.36 is 10% below median its 10-year median of 73.94. Over the past 10 years, this metric has ranged from a low of 58.51 to a high of 114.88. The Industrial Distribution industry median Days Payable is 56.57. Toromont Industries' value of 66.36 is 17.3% above this industry median. Based on the distribution chart, Toromont Industries ranks #74 out of 153 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Toromont Industries has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toromont Industries' Days Payable compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Toromont Industries ranks #74 out of 153 companies for Days Payable. This puts Toromont Industries in the upper half of its industry. The industry median Days Payable is 56.57. Toromont Industries' value of 66.36 is 17.3% above this benchmark. Historically, Toromont Industries' own Days Payable has ranged from 58.51 to 114.88 over the past decade. While the company's 10-year median is 73.94 vs. the industry median of 56.57, Toromont Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Distribution company?
The median Days Payable among Industrial Distribution companies is 56.57, based on 153 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toromont Industries's current Days Payable of 66.36 is 17.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Toromont Industries and its competitors. For the Industrial Distribution industry, the median Days Payable is 56.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toromont Industries's current Days Payable is 66.36, which is 10% below median its own 10-year median of 73.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toromont Industries stock overvalued right now?
Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $105.04, compared to a current price of $169.25 — trading 61.1% above its estimated fair value. The current Days Payable is 66.36, which is 10% below median its 10-year median of 73.94 and 17.3% above the Industrial Distribution industry median of 56.57. Toromont Industries' overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Toromont Industries (TMTNF), the current Days Payable is 66.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Toromont Industries (TMTNF) Overvalued in 2026?
Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued.
The current stock price of $169.25 is trading 61.1% above its estimated GF Value™ of $105.04.
GuruFocus considers Toromont Industries to be Significantly Overvalued.
Key valuation signals for TMTNF:
Days Payable: 66.36 (10% below median its 10-year median of 73.94)
GF Value™: $105.04 vs. price of $169.25 (61.1% above fair value)
Industry Position: 17.3% above the Industrial Distribution median (#74 of 153)
No single metric tells the full story. See the TMTNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
89GF Score
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