Cummins (Cummins) Days Payable

: 59.43 (As of Dec. 2023)

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Cummins's average Accounts Payable for the three months ended in Dec. 2023 was $4,261 Mil. Cummins's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,542 Mil. Hence, Cummins's Days Payable for the three months ended in Dec. 2023 was 59.43.

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

CMI' s Days Payable Range Over the Past 10 Years
Min: 43.69 Med: 55.12 Max: 65.5
Current: 61.41

During the past 13 years, Cummins's highest Days Payable was 65.50. The lowest was 43.69. And the median was 55.12.

CMI's Days Payable is ranked worse than
60.55% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs CMI: 61.41

Cummins's Days Payable declined from Dec. 2022 (63.27) to Dec. 2023 (59.43). It may suggest that Cummins accelerated paying its suppliers.

Cummins Days Payable Historical Data

The historical data trend for Cummins'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.

Cummins Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

55.57

65.50

58.17

62.16

60.17

Cummins Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																63.27	63.13	62.88	61.48	59.43

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Cummins'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.

Cummins Days Payable Distribution

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

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

Cummins 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.

Cummins'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
=	( (4252	+	4260)	/	2 )	/	25816	*	365
=	4256					/	25816	*	365
=	60.17

Cummins'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
=	( (4262	+	4260)	/	2 )	/	6542	*	365 / 4
=	4261					/	6542	*	365 / 4
=	59.43

Cummins Days Payable Related Terms

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Cummins (Cummins) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins Inc (NYSE:CMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CUM:Germany CUM:Germany CUM:Germany C1MI34:Brazil

Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

Executives

Jennifer Rumsey	officer: Chief Technical Officer	500 JACKSON STREET, COLUMBUS IN 47201
Daniel William Fisher	director	2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023
Jonathan David Wood	officer: Vice President & CTO	500 JACKSON STREET, COLUMBUS IN 47201
Sharon R Barner	officer: VP - General Counsel	500 JACKSON STREET, COLUMBUS IN 47201
Georgia R Nelson	director	C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626
Di Leo Allen Bruno V	director	INTERNATIONAL BUSINESS MACHINES CORP., C/O SEC'Y'S OFFICE, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Franklin R Changdiaz	director	500 JACKSON ST., M/C 60701, COLUMBUS IN 47201
Tony Satterthwaite	officer: President - Distribution	1400 73RD AVENUE NE, MINNEAPOLIS MN 55432
Norman Thomas Linebarger	officer: President-Power Gen.
Tracy A Embree	officer: VP & Pres. - Components Group	500 JACKSON STREET, COLUMBUS IN 47201
Mahesh Narang	officer: VP & President - Components	500 JACKSON STREET, COLUMBUS IN 47201
Mark Andrew Smith	officer: VP - Operations Finance	500 JACKSON STREET, COLUMBUS IN 47201
Marvin Boakye	officer: VP - Chief Human Resources Off	PO BOX 99900, LOUISVILLE KY 40269
Srikanth Padmanabhan	officer: President - Engine Busines	500 JACKSON STREET, COLUMBUS IN 47201
Jennifer Mary Bush	officer: VP & Pres. - Power Systems	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606