TOOD (Thermwood) Days Payable: 19.24 (As of Jul. 2001)


What is Thermwood Days Payable?

Thermwood TOOD Days Payable is 19.24 as of Jul. 2001.

Thermwood's average Accounts Payable for the three months ended in Jul. 2001 was $0.94 Mil. Thermwood's Cost of Goods Sold for the three months ended in Jul. 2001 was $4.45 Mil. Hence, Thermwood's Days Payable for the three months ended in Jul. 2001 was 19.24.

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

TOOD's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 77.54
* Ranked among companies with meaningful Days Payable only.

Thermwood's Days Payable declined from Jul. 2000 (28.22) to Jul. 2001 (19.24). It may suggest that Thermwood accelerated paying its suppliers.

Thermwood Days Payable Historical Data

* Premium members only.

The historical data trend for Thermwood'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.

Thermwood Days Payable Chart

Thermwood Annual Data
Trend Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.16 36.21 29.61 26.92 26.50

Thermwood Quarterly Data
Oct96 Jan97 Apr97 Jul97 Oct97 Jan98 Apr98 Jul98 Oct98 Jan99 Apr99 Jul99 Oct99 Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01
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 28.22 32.57 29.62 30.87 19.24

TOOD vs EVTN, NRBT: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Thermwood'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.

Thermwood Days Payable vs Industrial Products Industry

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

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


Thermwood 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.

Thermwood's Days Payable for the fiscal year that ended in Jul. 2001 is calculated as

Days Payable (A: Jul. 2001 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jul. 2000 ) + Accounts Payable (A: Jul. 2001 )) / count ) / Cost of Goods Sold (A: Jul. 2001 )*Days in Period
=( (1.232 + 0.895) / 2 ) / 14.65*365
=1.0635 / 14.65*365
=26.50

Thermwood's Days Payable for the quarter that ended in Jul. 2001 is calculated as:

Days Payable (Q: Jul. 2001 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Apr. 2001 ) + Accounts Payable (Q: Jul. 2001 )) / count ) / Cost of Goods Sold (Q: Jul. 2001 )*Days in Period
=( (0.979 + 0.895) / 2 ) / 4.445*365 / 4
=0.937 / 4.445*365 / 4
=19.24

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 19.24 mean?
Thermwood (TOOD) has a Days Payable of 19.24 as of Jul. 2001. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Thermwood and its competitors.
Is Thermwood's Days Payable too high?
Thermwood's current Days Payable is 19.24. The Industrial Products industry median Days Payable is 77.54. Thermwood's value of 19.24 is 75.2% below this industry median.
How does Thermwood's Days Payable compare to EVTN and NRBT?
Thermwood's Days Payable of 19.24 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 77.54. Thermwood's value of 19.24 is 75.2% below this benchmark. 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 Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 2,997 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. Thermwood's current Days Payable of 19.24 is 75.2% below 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 Thermwood and its competitors. For the Industrial Products industry, the median Days Payable is 77.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermwood's current Days Payable is 19.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermwood stock overvalued right now?
Thermwood (TOOD) has a current Days Payable of 19.24. The current Days Payable is 19.24 and 75.2% below the Industrial Products industry median of 77.54. 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 Thermwood (TOOD), the current Days Payable is 19.24 as of Jul. 2001. 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.

Thermwood Business Description

Address 904 Dale-Buffaloville Road, P.O. Box 436, Dale, IN, USA, 47523-9057
Thermwood Corp is engaged in the development, manufacture, and distribute technology-based products and software for manufacturing as well as provide formal technology training. The company caters to the needs of marine industry, medical industry, military/defense, construction industry, among others.