Thor Industries (LTS:0LF8) Days Payable : 35.60 (As of Jan. 2024)

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What is Thor Industries Days Payable?

Thor Industries's average Accounts Payable for the three months ended in Jan. 2024 was $756 Mil. Thor Industries's Cost of Goods Sold for the three months ended in Jan. 2024 was $1,937 Mil. Hence, Thor Industries's Days Payable for the three months ended in Jan. 2024 was 35.60.

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

LTS:0LF8' s Days Payable Range Over the Past 10 Years
Min: 15.68 Med: 21.2 Max: 30.76
Current: 30.12

During the past 13 years, Thor Industries's highest Days Payable was 30.76. The lowest was 15.68. And the median was 21.20.

LTS:0LF8's Days Payable is ranked worse than
85.28% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 65.57 vs LTS:0LF8: 30.12

Thor Industries's Days Payable increased from Jan. 2023 (29.07) to Jan. 2024 (35.60). It may suggest that Thor Industries delayed paying its suppliers.

Thor Industries Days Payable Historical Data

The historical data trend for Thor Industries'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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Thor Industries Days Payable Chart

Thor Industries Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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22.21

30.76

27.17

23.48

29.86

Thor Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															29.07	26.20	29.79	31.62	35.60

Competitive Comparison of Thor Industries's Days Payable

For the Recreational Vehicles subindustry, Thor Industries'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.

Thor Industries's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Thor Industries 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.

Thor Industries's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (822.449	+	736.275)	/	2 )	/	9525.252	*	365
=	779.362					/	9525.252	*	365
=	29.86

Thor Industries's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (748.922	+	762.095)	/	2 )	/	1936.522	*	365 / 4
=	755.5085					/	1936.522	*	365 / 4
=	35.60

Thor Industries Days Payable Related Terms

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Thor Industries (LTS:0LF8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thor Industries Inc (LTS:0LF8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

THO:USA TIV:Germany

Address

601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305

Website

https://www.thorindustries.com

Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.

Thor Industries (LTS:0LF8) Headlines

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