TI Fluid Systems (LSE:TIFS) Days Payable : 75.04 (As of Dec. 2023)

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What is TI Fluid Systems Days Payable?

TI Fluid Systems's average Accounts Payable for the six months ended in Dec. 2023 was £539 Mil. TI Fluid Systems's Cost of Goods Sold for the six months ended in Dec. 2023 was £1,311 Mil. Hence, TI Fluid Systems's Days Payable for the six months ended in Dec. 2023 was 75.04.

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

LSE:TIFS' s Days Payable Range Over the Past 10 Years
Min: 67.18 Med: 78.03 Max: 85.06
Current: 73.39

During the past 10 years, TI Fluid Systems's highest Days Payable was 85.06. The lowest was 67.18. And the median was 78.03.

LSE:TIFS's Days Payable is ranked better than
56.22% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs LSE:TIFS: 73.39

TI Fluid Systems's Days Payable increased from Dec. 2022 (65.68) to Dec. 2023 (75.04). It may suggest that TI Fluid Systems delayed paying its suppliers.

TI Fluid Systems Days Payable Historical Data

The historical data trend for TI Fluid Systems'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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TI Fluid Systems Days Payable Chart

TI Fluid Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.44

82.86

83.39

67.18

72.98

TI Fluid Systems Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											79.75	74.32	65.68	72.02	75.04

Competitive Comparison of TI Fluid Systems's Days Payable

For the Auto Parts subindustry, TI Fluid Systems'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.

TI Fluid Systems's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where TI Fluid Systems's Days Payable falls into.

TI Fluid Systems 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.

TI Fluid Systems'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
=	( (508.603	+	545.246)	/	2 )	/	2635.344	*	365
=	526.9245					/	2635.344	*	365
=	72.98

TI Fluid Systems'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (532.691	+	545.246)	/	2 )	/	1310.78	*	365 / 2
=	538.9685					/	1310.78	*	365 / 2
=	75.04

TI Fluid Systems Days Payable Related Terms

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TI Fluid Systems (LSE:TIFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TI Fluid Systems PLC (LSE:TIFS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TIFSl:UK TI1:Germany

Address

4650 Kingsgate, Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, GBR, OX4 2SU

Website

https://www.tifluidsystems.com

TI Fluid Systems PLC is engaged in providing automotive fluid storage, carrying, and delivery systems for the light-duty automotive market. The operating segments of the company are fluid-carrying systems and fuel tank & delivery systems. The fluid-carrying systems include brake and fuel lines and bundles, tank top lines, vacuum booster lines, quick connectors, air conditioning tubes, and hose assemblies, accumulators and receiver dryers, and thermal products and powertrain components. The fuel tank and delivery systems include fuel tanks, fuel pumps, level sensors, and additive dosing systems. Its geographical segments are Europe & Africa, Asia Pacific, North America, and Latin America.

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