IMI (FRA:IMI) Days Payable : 46.27 (As of Dec. 2023)

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What is IMI Days Payable?

IMI's average Accounts Payable for the three months ended in Dec. 2023 was €358 Mil. IMI's Cost of Goods Sold for the three months ended in Dec. 2023 was €706 Mil. Hence, IMI's Days Payable for the three months ended in Dec. 2023 was 46.27.

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

FRA:IMI' s Days Payable Range Over the Past 10 Years
Min: 42.29 Med: 67.7 Max: 81.22
Current: 78.69

During the past 13 years, IMI's highest Days Payable was 81.22. The lowest was 42.29. And the median was 67.70.

FRA:IMI's Days Payable is ranked better than
51.24% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs FRA:IMI: 78.69

IMI's Days Payable declined from Dec. 2021 (46.31) to Dec. 2023 (46.27). It may suggest that IMI accelerated paying its suppliers.

IMI Days Payable Historical Data

The historical data trend for IMI'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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IMI Days Payable Chart

IMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.63

55.56

41.04

44.89

46.40

IMI Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															46.31	47.89	45.48	48.51	46.27

Competitive Comparison of IMI's Days Payable

For the Specialty Industrial Machinery subindustry, IMI'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.

IMI's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IMI's Days Payable distribution charts can be found below:

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

IMI 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.

IMI'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
=	( (172.933	+	176.435)	/	2 )	/	1373.991	*	365
=	174.684					/	1373.991	*	365
=	46.40

IMI'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
=	( (539.815	+	176.435)	/	2 )	/	706.323	*	365 / 4
=	358.125					/	706.323	*	365 / 4
=	46.27

IMI Days Payable Related Terms

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IMI (FRA:IMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMI plc (FRA:IMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IMIUY:USA IMIAF:USA IMIl:UK IMI:UK

Address

Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ

Website

https://www.imiplc.com

IMI plc is a specialized engineering company that manufactures and services products for controlling the movement of air and fluids. It develops technologies centered around valves and actuators to improve processes. The company's segments are grouped into five sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a global service network to provide maintenance and repairs. Revenue based on customer location is fairly split between Western Europe, North America, and emerging markets.