Werner Enterprises (Werner Enterprises) Days Payable : 16.83 (As of Dec. 2023)

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What is Werner Enterprises Days Payable?

Werner Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was $132 Mil. Werner Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $719 Mil. Hence, Werner Enterprises's Days Payable for the three months ended in Dec. 2023 was 16.83.

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

WERN' s Days Payable Range Over the Past 10 Years
Min: 13.38 Med: 14.67 Max: 17.24
Current: 16.29

During the past 13 years, Werner Enterprises's highest Days Payable was 17.24. The lowest was 13.38. And the median was 14.67.

WERN's Days Payable is ranked worse than
85.61% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs WERN: 16.29

Werner Enterprises's Days Payable increased from Dec. 2022 (15.25) to Dec. 2023 (16.83). It may suggest that Werner Enterprises delayed paying its suppliers.

Werner Enterprises Days Payable Historical Data

The historical data trend for Werner Enterprises'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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Werner Enterprises Days Payable Chart

Werner Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.24

16.99

14.34

14.40

16.62

Werner Enterprises 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															15.25	16.00	16.19	15.81	16.83

Competitive Comparison of Werner Enterprises's Days Payable

For the Trucking subindustry, Werner Enterprises'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.

Werner Enterprises's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Werner Enterprises's Days Payable distribution charts can be found below:

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

Werner Enterprises 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.

Werner Enterprises'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
=	( (124.483	+	135.99)	/	2 )	/	2859.846	*	365
=	130.2365					/	2859.846	*	365
=	16.62

Werner Enterprises'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
=	( (129.008	+	135.99)	/	2 )	/	718.548	*	365 / 4
=	132.499					/	718.548	*	365 / 4
=	16.83

Werner Enterprises Days Payable Related Terms

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Werner Enterprises (Werner Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Werner Enterprises Inc (NAS:WERN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WE1:Germany

Address

14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308

Website

https://www.werner.com

Werner Enterprises Inc ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. The company has two reportable segments - TTS and Werner Logistics. It derives about 80% of its top line from a wide array of full-truckload shipping services (including dedicated contract carriage; roughly 20% comes from non-asset based logistics operations, including truck brokerage.

Executives

Michelle D. Greene	director	1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Christopher D Wikoff	officer: Exec VP - Treasurer & CFO	P.O. BOX 45308, OMAHA NE 68145
Eric J Downing	officer: Exec VP and COO	P.O. BOX 45308, OMAHA NE 68145
Carmen A Tapio	director	P.O. BOX 45308, OMAHA NE 68145
Michelle Dye Livingstone	director	P.O. BOX 45308, OMAHA NE 68145
Scott C Arves	director	SCHNEIDER NATIONAL, INC., P.O. BOX 2545, GREEN BAY WI 54306
Alexi Wellman	director	ALTABA, 140 E 45TH STREET, 15TH FLOOR, SUITE 15A, NEW YORK NY 10017
Vikram Mansharamani	director	P.O. BOX 45308, OMAHA NE 68145
Jim S Schelbe	officer: Vice President - Sales	C/O WERNER ENTERPRISES INC, PO BO X45308, OMAHA NE 68415-0308
H Marty Nordlund	officer: Senior VP-Specialized Services	PO BOX 45308, OMAHA NE 68145-0308
Derek J Leathers	officer: Senior VP - Van	PO BOX 45308, OMAHA NE 68145-0308
Craig T Callahan	officer: VP Logistics & Corporate Sales	P.O. BOX 45308, OMAHA NE 68145
Clarence L Werner	director, 10 percent owner, officer: Chief Executive Officer	PO BOX 45308, OMAHA NE 68145
Daragh P Mahon	officer: Executive Vice President & CIO	P.O. BOX 45308, OMAHA NE 68145
James Lynn Johnson	officer: Vice President - Controller	PO BOX 45308, OMAHA NE 68145-0308