Textainer Group Holdings (Textainer Group Holdings) Days Payable : 28.40 (As of Dec. 2023)

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What is Textainer Group Holdings Days Payable?

Textainer Group Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $41.5 Mil. Textainer Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $133.3 Mil. Hence, Textainer Group Holdings's Days Payable for the three months ended in Dec. 2023 was 28.40.

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

TGH' s Days Payable Range Over the Past 10 Years
Min: 29.93 Med: 65.92 Max: 164.26
Current: 36.72

During the past 13 years, Textainer Group Holdings's highest Days Payable was 164.26. The lowest was 29.93. And the median was 65.92.

TGH's Days Payable is not ranked
in the Business Services industry.
Industry Median: 47.265 vs TGH: 36.72

Textainer Group Holdings's Days Payable declined from Dec. 2022 (30.09) to Dec. 2023 (28.40). It may suggest that Textainer Group Holdings accelerated paying its suppliers.

Textainer Group Holdings Days Payable Historical Data

The historical data trend for Textainer Group Holdings'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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Textainer Group Holdings Days Payable Chart

Textainer Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.93

113.80

164.26

75.91

29.93

Textainer Group Holdings 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															30.09	27.93	48.69	48.18	28.40

Competitive Comparison of Textainer Group Holdings's Days Payable

For the Rental & Leasing Services subindustry, Textainer Group Holdings'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.

Textainer Group Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Textainer Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Textainer Group Holdings's Days Payable falls into.

Textainer Group Holdings 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.

Textainer Group Holdings'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
=	( (46.94	+	43.156)	/	2 )	/	549.367	*	365
=	45.048					/	549.367	*	365
=	29.93

Textainer Group Holdings'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
=	( (39.823	+	43.156)	/	2 )	/	133.287	*	365 / 4
=	41.4895					/	133.287	*	365 / 4
=	28.40

Textainer Group Holdings Days Payable Related Terms

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Textainer Group Holdings (Textainer Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Textainer Group Holdings Ltd (NYSE:TGH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TXT:South Africa TGHpB.PFD:USA TGHpA.PFD:USA 3T7:Germany

Address

16 Par-La-Ville Road, Century House, Hamilton, BMU, HM 08

Website

https://www.textainer.com

Textainer Group Holdings Ltd is an intermodal container leasing company providing customers globally, including international shipping lines and other leases. The company's operating segments are Container Ownership, Container Management, and Container Resale. Its geographical segments are Asia, Europe, North/South America, and other international countries. Textainer generates the majority of its revenue from lease rental income.