Titanium Transportation Group (TSX:TTNM) Days Payable : 22.40 (As of Mar. 2024)

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What is Titanium Transportation Group Days Payable?

Titanium Transportation Group's average Accounts Payable for the three months ended in Mar. 2024 was C$27.2 Mil. Titanium Transportation Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$110.9 Mil. Hence, Titanium Transportation Group's Days Payable for the three months ended in Mar. 2024 was 22.40.

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

TSX:TTNM' s Days Payable Range Over the Past 10 Years
Min: 5.9 Med: 15.87 Max: 31.57
Current: 31.57

During the past 10 years, Titanium Transportation Group's highest Days Payable was 31.57. The lowest was 5.90. And the median was 15.87.

TSX:TTNM's Days Payable is ranked worse than
60.75% of 935 companies
in the Transportation industry
Industry Median: 38.5 vs TSX:TTNM: 31.57

Titanium Transportation Group's Days Payable declined from Mar. 2023 (25.47) to Mar. 2024 (22.40). It may suggest that Titanium Transportation Group accelerated paying its suppliers.

Titanium Transportation Group Days Payable Historical Data

The historical data trend for Titanium Transportation Group'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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Titanium Transportation Group Days Payable Chart

Titanium Transportation Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.05

19.78

15.87

14.51

12.08

Titanium Transportation Group 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															25.47	39.65	37.92	23.68	22.40

Competitive Comparison of Titanium Transportation Group's Days Payable

For the Integrated Freight & Logistics subindustry, Titanium Transportation Group'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.

Titanium Transportation Group's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Titanium Transportation Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Titanium Transportation Group's Days Payable falls into.

Titanium Transportation Group 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.

Titanium Transportation Group'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
=	( (15.191	+	11.552)	/	2 )	/	404.085	*	365
=	13.3715					/	404.085	*	365
=	12.08

Titanium Transportation Group'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
=	( (11.552	+	42.882)	/	2 )	/	110.895	*	365 / 4
=	27.217					/	110.895	*	365 / 4
=	22.40

Titanium Transportation Group Days Payable Related Terms

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Titanium Transportation Group (TSX:TTNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Titanium Transportation Group Inc (TSX:TTNM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTNMF:USA

Address

32 Simpson Road, Bolton, ON, CAN, L7E 1G9

Website

https://www.ttgi.com

Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.

Executives

Vic De Zen

Director or Senior Officer of 10% Security Holder

Titanium Transportation Group (TSX:TTNM) Headlines

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