Terex Corporation (TEX)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.66 | 5.98 | 5.62 | 5.37 | 5.68 | 5.74 | 5.48 | 5.70 | 5.82 | 5.37 | 5.02 | 5.34 | 6.86 | 7.74 | 8.04 | 7.17 | 6.82 | 6.41 | 5.96 | 5.51 | |
| Number of days of payables | days | 64.52 | 61.03 | 64.89 | 67.98 | 64.28 | 63.60 | 66.58 | 64.04 | 62.72 | 67.92 | 72.76 | 68.41 | 53.22 | 47.13 | 45.40 | 50.88 | 53.52 | 56.90 | 61.22 | 66.23 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.66
= 64.52
To analyze Terex Corp.'s number of days of payables, we observe fluctuations over the past eight quarters. The trend shows a varied pattern, with the number of days ranging from 61.03 days to 67.98 days. In the most recent quarter, Q4 2023, the number of days of payables decreased compared to the previous quarter, Q3 2023. This may indicate that the company has been able to manage its payables more effectively during this period.
On average, the company takes around 64 to 67 days to pay its payables. The consistency in this range suggests that Terex Corp. has been maintaining a stable payment cycle over the analyzed quarters. However, the slight fluctuations in the number of days of payables indicate some variability in the company's payment practices.
Overall, the data on the number of days of payables for Terex Corp. highlights the company's ability to manage its payment obligations over time. Analyzing this metric in conjunction with other financial ratios can provide a more comprehensive understanding of the company's liquidity, efficiency, and financial health.