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 | ||
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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