Titan International (FRA:TZ4) Days Payable : 55.05 (As of Mar. 2024)

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What is Titan International Days Payable?

Titan International's average Accounts Payable for the three months ended in Mar. 2024 was €225 Mil. Titan International's Cost of Goods Sold for the three months ended in Mar. 2024 was €372 Mil. Hence, Titan International's Days Payable for the three months ended in Mar. 2024 was 55.05.

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

FRA:TZ4' s Days Payable Range Over the Past 10 Years
Min: 34.44 Med: 51.61 Max: 59.27
Current: 59.27

During the past 13 years, Titan International's highest Days Payable was 59.27. The lowest was 34.44. And the median was 51.61.

FRA:TZ4's Days Payable is ranked worse than
66.99% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs FRA:TZ4: 59.27

Titan International's Days Payable increased from Mar. 2023 (54.61) to Mar. 2024 (55.05). It may suggest that Titan International delayed paying its suppliers.

Titan International Days Payable Historical Data

The historical data trend for Titan International'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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Titan International Days Payable Chart

Titan International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.59

54.34

51.27

52.88

56.86

Titan International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															54.61	59.01	57.48	54.98	55.05

Competitive Comparison of Titan International's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Titan International'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.

Titan International's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Days Payable distribution charts can be found below:

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

Titan International 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.

Titan International'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
=	( (248.627	+	184.501)	/	2 )	/	1390.127	*	365
=	216.564					/	1390.127	*	365
=	56.86

Titan International's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (184.501	+	264.898)	/	2 )	/	372.452	*	365 / 4
=	224.6995					/	372.452	*	365 / 4
=	55.05

Titan International Days Payable Related Terms

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Titan International (FRA:TZ4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Titan International Inc (FRA:TZ4) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TWI:USA

Address

1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185

Website

https://www.titan-intl.com

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

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