Manitowoc Co (FRA:MNGN) Days Payable : 47.65 (As of Dec. 2023)

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What is Manitowoc Co Days Payable?

Manitowoc Co's average Accounts Payable for the three months ended in Dec. 2023 was €238 Mil. Manitowoc Co's Cost of Goods Sold for the three months ended in Dec. 2023 was €455 Mil. Hence, Manitowoc Co's Days Payable for the three months ended in Dec. 2023 was 47.65.

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

FRA:MNGN' s Days Payable Range Over the Past 10 Years
Min: 50.93 Med: 55.32 Max: 96.13
Current: 57.65

During the past 13 years, Manitowoc Co's highest Days Payable was 96.13. The lowest was 50.93. And the median was 55.32.

FRA:MNGN's Days Payable is ranked worse than
68.45% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.62 vs FRA:MNGN: 57.65

Manitowoc Co's Days Payable declined from Dec. 2022 (49.05) to Dec. 2023 (47.65). It may suggest that Manitowoc Co accelerated paying its suppliers.

Manitowoc Co Days Payable Historical Data

The historical data trend for Manitowoc Co'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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Manitowoc Co Days Payable Chart

Manitowoc Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.73

58.79

52.21

54.54

54.41

Manitowoc Co 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															49.05	69.87	60.85	59.36	47.65

Competitive Comparison of Manitowoc Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Manitowoc Co'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.

Manitowoc Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

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

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

Manitowoc Co 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.

Manitowoc Co'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
=	( (259.222	+	233.56)	/	2 )	/	1652.985	*	365
=	246.391					/	1652.985	*	365
=	54.41

Manitowoc Co'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
=	( (242.121	+	233.56)	/	2 )	/	455.474	*	365 / 4
=	237.8405					/	455.474	*	365 / 4
=	47.65

Manitowoc Co Days Payable Related Terms

Thank you for viewing the detailed overview of Manitowoc Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Manitowoc Co (FRA:MNGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitowoc Co Inc (FRA:MNGN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTW:USA

Address

11270 West Park Place, Suite 1000, Milwaukee, WI, USA, 53224

Website

https://www.manitowoc.com

Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment provides the largest revenue stream to the firm.

Manitowoc Co (FRA:MNGN) Headlines

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