Terex Corporation (TEX)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.00 | 6.70 | 5.69 | 5.74 | 5.65 | 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 | |
| Number of days of payables | days | 52.15 | 54.44 | 64.11 | 63.60 | 64.55 | 61.02 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.00
= 52.15
The number of days of payables for Terex Corporation has displayed fluctuations over the years. From March 31, 2020, to December 31, 2024, the number of days required to pay off its payables has shown a varied pattern. The trend indicates a decrease from March 2020 to September 2020, followed by an increase towards the end of 2020.
The company experienced a significant rise in the number of days of payables from March 2021 to June 2021, reaching a peak of 72.76 days. Subsequently, there was a decline in the number of days required to pay off payables until September 2021. From that point, the trend fluctuated but remained relatively stable, hovering around 60-70 days, indicating a moderate payment period for the company's outstanding obligations.
As of the latest data available on December 31, 2024, Terex Corporation's number of days of payables stood at 52.15 days, which reflects a decrease compared to previous periods. This decrease may suggest improved management of payables or a more efficient payment process within the company. It is important for stakeholders to monitor this ratio to assess the company's ability to manage its working capital effectively and its relationships with suppliers.