Titan International Inc (TWI)

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 8.27 9.06 8.06 7.02 7.47 7.63 6.69 6.01 6.06 6.20 6.10 6.01 7.74 8.37 9.57 7.86 9.26 8.30 7.32 6.19
Number of days of payables days 44.15 40.27 45.28 52.00 48.88 47.84 54.54 60.72 60.23 58.88 59.84 60.75 47.18 43.62 38.14 46.46 39.43 44.00 49.84 58.96

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.27
= 44.15

The number of days of payables for Titan International, Inc. has fluctuated over the past eight quarters, ranging from a low of 43.90 days to a high of 66.42 days. In Q4 2023, the number of days of payables was 48.44 days, which indicates that the company takes approximately 48.44 days, on average, to pay its suppliers. This represents an improvement from the previous quarter, where the number of days of payables was 43.90 days.

Overall, Titan International, Inc. appears to be managing its payables effectively, as the number of days of payables has generally been within a reasonable range over the analyzed periods. However, the company should continue to monitor and optimize its payables management to ensure efficient cash flow and healthy supplier relationships.


Peer comparison

Dec 31, 2023