Gerdau (Gerdau) Days Payable

: 40.29 (As of Dec. 2023)

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Gerdau's average Accounts Payable for the three months ended in Dec. 2023 was $1,179 Mil. Gerdau's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,670 Mil. Hence, Gerdau's Days Payable for the three months ended in Dec. 2023 was 40.29.

The historical rank and industry rank for Gerdau's Days Payable or its related term are showing as below:

GGB' s Days Payable Range Over the Past 10 Years
Min: 31.75 Med: 36.98 Max: 44.32
Current: 39.65

During the past 13 years, Gerdau's highest Days Payable was 44.32. The lowest was 31.75. And the median was 36.98.

GGB's Days Payable is ranked worse than
50.26% of 587 companies
in the Steel industry
Industry Median: 39.75 vs GGB: 39.65

Gerdau's Days Payable declined from Dec. 2022 (47.74) to Dec. 2023 (40.29). It may suggest that Gerdau accelerated paying its suppliers.

Gerdau Days Payable Historical Data

The historical data trend for Gerdau's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gerdau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

42.97

48.92

44.40

40.29

38.30

Gerdau Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																47.74	40.19	38.34	38.41	40.29

Competitive Comparison

For the Steel subindustry, Gerdau's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gerdau Days Payable Distribution

For the Steel industry and Basic Materials sector, Gerdau's Days Payable distribution charts can be found below:

* The bar in red indicates where Gerdau's Days Payable falls into.

Gerdau Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Gerdau's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1261.853	+	1204.372)	/	2 )	/	11752.315	*	365
=	1233.1125					/	11752.315	*	365
=	38.30

Gerdau's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1153.392	+	1204.372)	/	2 )	/	2670.058	*	365 / 4
=	1178.882					/	2670.058	*	365 / 4
=	40.29

Gerdau Days Payable Related Terms

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Gerdau (Gerdau) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gerdau SA (NYSE:GGB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGBN:Mexico XGGB:Spain GDUB:Germany GDUA:Germany GDUB:Germany GDUA:Germany GGBR4:Brazil GGBR3:Brazil GGB:Argentina

Address

Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, BRA, 05425-070

Website

https://www.gerdau.com

Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives most of the revenue from the Brazil Operations segment.