TPI Composites (TPI Composites) Days Payable : 65.97 (As of Dec. 2023)

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What is TPI Composites Days Payable?

TPI Composites's average Accounts Payable for the three months ended in Dec. 2023 was $238 Mil. TPI Composites's Cost of Goods Sold for the three months ended in Dec. 2023 was $329 Mil. Hence, TPI Composites's Days Payable for the three months ended in Dec. 2023 was 65.97.

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

TPIC' s Days Payable Range Over the Past 10 Years
Min: 56.32 Med: 67.19 Max: 92.74
Current: 61.91

During the past 11 years, TPI Composites's highest Days Payable was 92.74. The lowest was 56.32. And the median was 67.19.

TPIC's Days Payable is ranked worse than
60.35% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs TPIC: 61.91

TPI Composites's Days Payable declined from Dec. 2022 (69.61) to Dec. 2023 (65.97). It may suggest that TPI Composites accelerated paying its suppliers.

TPI Composites Days Payable Historical Data

The historical data trend for TPI Composites'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.

TPI Composites Days Payable Chart

TPI Composites Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.11

92.74

70.04

68.26

60.12

TPI Composites Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															69.61	63.57	58.81	61.95	65.97

Competitive Comparison of TPI Composites's Days Payable

For the Specialty Industrial Machinery subindustry, TPI Composites'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.

TPI Composites's Days Payable Distribution in the Industrial Products Industry

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

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

TPI Composites 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.

TPI Composites'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
=	( (280.499	+	227.723)	/	2 )	/	1542.731	*	365
=	254.111					/	1542.731	*	365
=	60.12

TPI Composites's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (247.562	+	227.723)	/	2 )	/	328.69	*	365 / 4
=	237.6425					/	328.69	*	365 / 4
=	65.97

TPI Composites Days Payable Related Terms

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TPI Composites (TPI Composites) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TPI Composites Inc (NAS:TPIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GX6:Germany

Address

8501 North Scottsdale Road, Gainey Center II, Suite 100, Scottsdale, AZ, USA, 85253

Website

https://www.tpicomposites.com

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

Executives

Ryan D. Miller	officer: Chief Financial Officer	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE, SUITE 100, SCOTTSDALE AZ 85253
Tyrone Michael Jordan	director	8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
William E Siwek	officer: CFO	C/O TPI COMPISITES, INC., 8501 N. SCOTTSDALE RD, SUITE 280, SCOTTSDALE AZ 85253
Jerrold I Lavine	officer: President, Transportation	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SCOTTSDALE AZ 85253
Oaktree Power Opportunities Fund V (delaware) Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Phoenix Investment Fund, L.p.	10 percent owner	333 S. GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071
Steven C Lockard	director, officer: President and CEO	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Andrew Moir	director	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Lance Morell Marram	officer: Chief Commercial Officer	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Peter Joseph Jonna	director	11611 SAN VICENTE BLVD SUITE 700, LOS ANGELES CA 90049
James Alton Hughes	director	350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Daniel G Weiss	director, 10 percent owner	8501 N. SCOTTSDALE ROAD, GAINEY CENTER II, SUITE 100, SCOTTSDALE AZ 85253
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071