Commercial Metals Company

NYSE CMC

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Commercial Metals Company Accounts Payable Turnover Ratio for the quarter ending February 29, 2024: 5.02

Commercial Metals Company Accounts Payable Turnover Ratio is 5.02 for the quarter ending February 29, 2024, a 5.25% 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.
  • Commercial Metals Company Accounts Payable Turnover Ratio for the quarter ending February 28, 2023 was 4.77, a -1.63% change year over year.
  • Commercial Metals Company Accounts Payable Turnover Ratio for the quarter ending February 28, 2022 was 4.85, a 2.67% change year over year.
  • Commercial Metals Company Accounts Payable Turnover Ratio for the quarter ending February 28, 2021 was 4.73, a -2.91% change year over year.
  • Commercial Metals Company Accounts Payable Turnover Ratio for the quarter ending February 29, 2020 was 4.87, a 11.78% change year over year.
NYSE: CMC

Commercial Metals Company

CEO Ms. Barbara R. Smith CPA
IPO Date Jan. 1, 1987
Location United States
Headquarters 6565 N. MacArthur Blvd., Irving, TX, United States, 75039
Employees 13,022
Sector Basic Materials
Industry Steel
Description

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

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StockViz Staff

September 19, 2024

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