Manitex International Inc

NASDAQ MNTX

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Manitex International Inc Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending March 31, 2024: 2.12%

Manitex International Inc Accounts Payable Turnover Ratio 5 year CAGR is 2.12% for the quarter ending March 31, 2024, a 191.69% 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.

Manitex International Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 1.38, a 7.04% change year over year.
Manitex International Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 1.29, a 6.02% change year over year.
Manitex International Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 1.21, a -5.46% change year over year.
Manitex International Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 1.28, a -1.30% change year over year.

NASDAQ: MNTX

Manitex International Inc

CEO	Mr. Joseph R. Doolan CPA
IPO Date	Feb. 15, 2005
Location	United States
Headquarters	9725 Industrial Drive, Bridgeview, IL, United States, 60455
Employees	705
Sector	Industrials
Industry	Farm & heavy construction machinery

Description

Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms. In addition, the company manufactures and sells rough terrain cranes and material handling products; and truck mounted hydraulic knuckle boom cranes; and rents light and heavy-duty commercial construction equipments. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.

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