Tornado Global Hydrovacs (Tornado Global Hydrovacs) Days Payable : 52.79 (As of Dec. 2023)

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What is Tornado Global Hydrovacs Days Payable?

Tornado Global Hydrovacs's average Accounts Payable for the three months ended in Dec. 2023 was $10.88 Mil. Tornado Global Hydrovacs's Cost of Goods Sold for the three months ended in Dec. 2023 was $18.81 Mil. Hence, Tornado Global Hydrovacs's Days Payable for the three months ended in Dec. 2023 was 52.79.

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

TGHLF' s Days Payable Range Over the Past 10 Years
Min: 43.23 Med: 58.09 Max: 108.25
Current: 65.53

During the past 9 years, Tornado Global Hydrovacs's highest Days Payable was 108.25. The lowest was 43.23. And the median was 58.09.

TGHLF's Days Payable is ranked worse than
57.07% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.96 vs TGHLF: 65.53

Tornado Global Hydrovacs's Days Payable declined from Dec. 2022 (56.32) to Dec. 2023 (52.79). It may suggest that Tornado Global Hydrovacs accelerated paying its suppliers.

Tornado Global Hydrovacs Days Payable Historical Data

The historical data trend for Tornado Global Hydrovacs'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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Tornado Global Hydrovacs Days Payable Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.40

91.63

108.25

57.70

Tornado Global Hydrovacs 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															56.32	80.19	75.64	66.22	52.79

Competitive Comparison of Tornado Global Hydrovacs's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Tornado Global Hydrovacs'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.

Tornado Global Hydrovacs's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

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

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

Tornado Global Hydrovacs 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.

Tornado Global Hydrovacs'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
=	( (10.623	+	9.506)	/	2 )	/	63.662	*	365
=	10.0645					/	63.662	*	365
=	57.70

Tornado Global Hydrovacs'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
=	( (12.261	+	9.506)	/	2 )	/	18.814	*	365 / 4
=	10.8835					/	18.814	*	365 / 4
=	52.79

Tornado Global Hydrovacs Days Payable Related Terms

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Tornado Global Hydrovacs (Tornado Global Hydrovacs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (OTCPK:TGHLF) » Definitions » Days Payable

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Traded in Other Exchanges

TGH:Canada

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.