Taylor Devices Inc

NASDAQ TAYD

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Taylor Devices Inc Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending February 29, 2024: 20.97%

Taylor Devices Inc Accounts Payable Turnover Ratio 5 year CAGR is 20.97% for the quarter ending February 29, 2024, a 149.42% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Taylor Devices Inc Accounts Payable Turnover Ratio for the quarter ending February 28, 2023 was 6.74, a 28.42% change year over year.
  • Taylor Devices Inc Accounts Payable Turnover Ratio for the quarter ending February 28, 2022 was 5.25, a 32.65% change year over year.
  • Taylor Devices Inc Accounts Payable Turnover Ratio for the quarter ending February 28, 2021 was 3.96, a -11.98% change year over year.
  • Taylor Devices Inc Accounts Payable Turnover Ratio for the quarter ending February 29, 2020 was 4.50, a -9.13% change year over year.
NASDAQ: TAYD

Taylor Devices Inc

CEO Mr. Timothy J. Sopko
IPO Date Aug. 18, 1995
Location United States
Headquarters 90 Taylor Drive, North Tonawanda, NY, United States, 14120
Employees 125
Sector Industrials
Industry Specialty industrial machinery
Description

Taylor Devices, Inc. engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and train car stops. The company's products also comprise self-adjusting shock absorbers that include versions of Fluidicshoks, and crane and industrial buffers, which automatically adjust to various impact conditions and are designed for high cycle application primarily in the heavy industry; liquid die springs that are used as component parts of machinery and equipment used in the manufacture of tools and dies; vibration dampers, which are primarily used by aerospace and defense industries to control the response of electronics and optical systems subjected to air, ship, or spacecraft vibration; machined springs used in the aerospace applications; and custom actuators for special aerospace and defense applications. It markets its products through a network of sales representatives and distributors. The company was incorporated in 1955 and is headquartered in North Tonawanda, New York.

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StockViz Staff

September 20, 2024

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