Iochpe-Maxion (Iochpe-Maxion) Days Payable : 58.38 (As of Dec. 2023)

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What is Iochpe-Maxion Days Payable?

Iochpe-Maxion's average Accounts Payable for the three months ended in Dec. 2023 was $405 Mil. Iochpe-Maxion's Cost of Goods Sold for the three months ended in Dec. 2023 was $633 Mil. Hence, Iochpe-Maxion's Days Payable for the three months ended in Dec. 2023 was 58.38.

The historical rank and industry rank for Iochpe-Maxion's Days Payable or its related term are showing as below:

IOCJY' s Days Payable Range Over the Past 10 Years
Min: 50.5 Med: 55.07 Max: 57.77
Current: 57.77

During the past 13 years, Iochpe-Maxion's highest Days Payable was 57.77. The lowest was 50.50. And the median was 55.07.

IOCJY's Days Payable is ranked worse than
56.85% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs IOCJY: 57.77

Iochpe-Maxion's Days Payable increased from Dec. 2022 (55.71) to Dec. 2023 (58.38). It may suggest that Iochpe-Maxion delayed paying its suppliers.

Iochpe-Maxion Days Payable Historical Data

The historical data trend for Iochpe-Maxion'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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Iochpe-Maxion Days Payable Chart

Iochpe-Maxion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.05

64.05

59.06

53.04

54.96

Iochpe-Maxion 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															55.71	56.79	56.81	57.93	58.38

Competitive Comparison of Iochpe-Maxion's Days Payable

For the Auto Parts subindustry, Iochpe-Maxion'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.

Iochpe-Maxion's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Iochpe-Maxion's Days Payable falls into.

Iochpe-Maxion 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.

Iochpe-Maxion'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
=	( (437.444	+	389.091)	/	2 )	/	2744.392	*	365
=	413.2675					/	2744.392	*	365
=	54.96

Iochpe-Maxion'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
=	( (421.356	+	389.091)	/	2 )	/	633.345	*	365 / 4
=	405.2235					/	633.345	*	365 / 4
=	58.38

Iochpe-Maxion Days Payable Related Terms

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Iochpe-Maxion (Iochpe-Maxion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.