Dover Corporation

NYSE DOV

Data sourced from

and

Download Data

Dover Corporation Payables Turnover 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 2.92%

Dover Corporation Payables Turnover 5 year CAGR is 2.92% for the Trailing 12 Months (TTM) ending March 31, 2024, a 478.62% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, 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.

Dover Corporation Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2023 was 1.23, a 2.85% change year over year.
Dover Corporation Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2022 was 1.20, a -0.82% change year over year.
Dover Corporation Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2021 was 1.21, a 4.09% change year over year.
Dover Corporation Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2020 was 1.16, a -1.80% change year over year.

NYSE: DOV

Dover Corporation

CEO	Mr. Richard Joseph Tobin
IPO Date	July 1, 1985
Location	United States
Headquarters	3005 Highland Parkway, Downers Grove, IL, United States, 60515
Employees	25,000
Sector	Industrials
Industry	Specialty industrial machinery

Description

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as related consumable, software, and service to packaged and consumer goods, pharmaceutical, manufacturing, fashion and apparel, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. The company was incorporated in 1947 and is headquartered in Downers Grove, Illinois.

Key trends