Trane Technologies (Trane Technologies) Days Payable : 66.78 (As of Mar. 2024)

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What is Trane Technologies Days Payable?

Trane Technologies's average Accounts Payable for the three months ended in Mar. 2024 was $2,017 Mil. Trane Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,756 Mil. Hence, Trane Technologies's Days Payable for the three months ended in Mar. 2024 was 66.78.

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

TT' s Days Payable Range Over the Past 10 Years
Min: 49.84 Med: 61.61 Max: 69.35
Current: 62.18

During the past 13 years, Trane Technologies's highest Days Payable was 69.35. The lowest was 49.84. And the median was 61.61.

TT's Days Payable is ranked worse than
59.16% of 1604 companies
in the Construction industry
Industry Median: 74.12 vs TT: 62.18

Trane Technologies's Days Payable declined from Mar. 2023 (73.34) to Mar. 2024 (66.78). It may suggest that Trane Technologies accelerated paying its suppliers.

Trane Technologies Days Payable Historical Data

The historical data trend for Trane Technologies'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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Trane Technologies Days Payable Chart

Trane Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.00

61.21

62.44

64.20

63.56

Trane Technologies 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															73.34	60.53	60.42	63.64	66.78

Competitive Comparison of Trane Technologies's Days Payable

For the Building Products & Equipment subindustry, Trane Technologies'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.

Trane Technologies's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trane Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Trane Technologies's Days Payable falls into.

Trane Technologies 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.

Trane Technologies'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
=	( (2091.6	+	2025.2)	/	2 )	/	11820.4	*	365
=	2058.4					/	11820.4	*	365
=	63.56

Trane Technologies'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
=	( (2025.2	+	2008.3)	/	2 )	/	2755.6	*	365 / 4
=	2016.75					/	2755.6	*	365 / 4
=	66.78

Trane Technologies Days Payable Related Terms

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Trane Technologies (Trane Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trane Technologies PLC (NYSE:TT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TT:Mexico 0Y2S:UK 2IS:Germany 2IS:Germany I1RP34:Brazil

Address

170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL

Website

https://www.tranetechnologies.com

Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $16 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.

Executives

Mark Majocha	officer: VP & Chief Accounting Officer	C/O TRANE TECHNOLOGIES COMPANY LLC, 800-E BEATY STREET, DAVIDSON NC 28036
David S Regnery	director, officer: Chair and CEO	C/O INTERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Raymond D Pittard	officer: Executive Vice President	800-E BEATY STREET, DAVIDSON NC 28036
Keith A Sultana	officer: Senior Vice President	C/O INGERSOLL RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Mairead Magner	officer: Senior Vice President	800-E BEATY STREET, DAVIDSON NC 28036
De Jesus Assis Ana Paula	director	C/O TRANE TECHNOLOGIES COMPANY LLC, 800-E BEATY STREET, DAVIDSON NC 28036
Evan M Turtz	officer: Senior Vice President	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Linda P Hudson	director
Paul A Camuti	officer: Senior Vice President	800-E BEATY STREET, DAVIDSON NC 28036
Christopher J Kuehn	officer: Vice President & Controller	800-E BEATY STREET, DAVIDSON NC 28036
John A Hayes	director	C/O BALL CORP, 10 LONGS PEAK DR, BROOMFIELD CO 80021-2510
Melissa N. Schaeffer	director	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Mark R George	director	650 W PEACHTREE ST NW, ATLANTA GA 30308
Marcia J Avedon	officer: Senior Vice President	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Michael W Lamach	director, officer: President and CEO	C/O INGERSOLL-RAND CO, 800-E BEATY STREET, DAVIDSON NC 28036