Horizon Global (Horizon Global) Days Payable : 80.07 (As of Sep. 2022)

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What is Horizon Global Days Payable?

Horizon Global's average Accounts Payable for the three months ended in Sep. 2022 was $116.1 Mil. Horizon Global's Cost of Goods Sold for the three months ended in Sep. 2022 was $132.3 Mil. Hence, Horizon Global's Days Payable for the three months ended in Sep. 2022 was 80.07.

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

HZN's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 65.57
* Ranked among companies with meaningful Days Payable only.

Horizon Global's Days Payable increased from Sep. 2021 (64.55) to Sep. 2022 (80.07). It may suggest that Horizon Global delayed paying its suppliers.

Horizon Global Days Payable Historical Data

The historical data trend for Horizon Global'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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Horizon Global Days Payable Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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66.62

72.78

55.53

60.07

57.56

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															64.55	65.67	65.58	72.26	80.07

Competitive Comparison of Horizon Global's Days Payable

For the Auto Parts subindustry, Horizon Global'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.

Horizon Global's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Horizon Global's Days Payable distribution charts can be found below:

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

Horizon Global 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.

Horizon Global's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (99.52	+	102.19)	/	2 )	/	639.54	*	365
=	100.855					/	639.54	*	365
=	57.56

Horizon Global's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (125.49	+	106.73)	/	2 )	/	132.32	*	365 / 4
=	116.11					/	132.32	*	365 / 4
=	80.07

Horizon Global Days Payable Related Terms

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Horizon Global (Horizon Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Horizon Global Corp (NYSE:HZN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

47912 Halyard Drive, Suite 100, Plymouth, MI, USA, 48170

Website

http://www.horizonglobal.com

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.

Executives

Jian James Zhou	officer: Chief Financial Officer	47912 HALYARD DRIVE, STE.100, PLYMOUTH MI 48170
John Frederick Barrett	director	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Corre Partners Management, Llc	director, other: See Remarks	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
John C Kennedy	director	GRAND RAPIDS 616- 698 0707, KENTWOOD MI 49512
Ryan L Langdon	director	1901 N ROSELLE RD., SUITE 500, SCHAUMBURG IL 60195
Terry Gohl	director, officer: President, CEO	27175 HAGGERTY ROAD, NOVI MI 48377
Debra Sue Oler	director	3 GRENADIER COURT, LINCOLNSHIRE IL 60069
Donna Costello	director	17 STEWART COURT, WESTWOOD NJ 07675
Matthew Pollick	officer: Chief Operating Officer	47912 HALYARD ROAD, STE. 100, PLYMOUTH MI 48170
Dennis E. Richardville	officer: Chief Financial Officer	47912 HALYARD DRIVE, SUITE 100, PLYMOUTH MI 48170
Matthew Joseph Meyer	other: Chief Accounting Officer	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Richard J. Jok	officer: Interim Chief Financial Office	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Atlas Capital Resources Ii Lp	10 percent owner	ONE SOUND SHORE DRIVE, #203, GREENWICH CT 06830
James F Sistek	officer: Chief Administrative Officer	ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Harry James Wilson	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111