Tredegar Corporation

NYSE TG

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Tredegar Corporation Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending March 31, 2024: -3.28%

Tredegar Corporation Accounts Payable Turnover Ratio 5 year CAGR is -3.28% for the quarter ending March 31, 2024, a -82.44% 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.

Tredegar Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 2.07, a 26.59% change year over year.
Tredegar Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 1.64, a -16.36% change year over year.
Tredegar Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 1.96, a -9.97% change year over year.
Tredegar Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 2.17, a -2.75% change year over year.

NYSE: TG

Tredegar Corporation

CEO	Mr. John M. Steitz
IPO Date	June 30, 1989
Location	United States
Headquarters	1100 Boulders Parkway, Richmond, VA, United States, 23225
Employees	1,900
Sector	Industrials
Industry	Metal fabrication

Description

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors. The PE Films segment offers single- and multi-layer surface protection films for protecting components of flat panel and flexible displays that are used in televisions, monitors, notebooks, smart phones, tablets, e-readers, and digital signage under the UltraMask, ForceField, ForceField PEARL, Pearl A, and Obsidian brands. This segment provides polyethylene overwrap for bathroom tissue and paper towels, as well as polyethylene overwrap films and films for other markets. The Flexible Packaging Films segment offers polyester-based films for food packaging and industrial applications under the Ecophane and Sealphane brands. Tredegar Corporation was incorporated in 1988 and is headquartered in Richmond, Virginia.

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