Hochtief AG (Hochtief AG) Days Payable : 130.33 (As of Dec. 2023)

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What is Hochtief AG Days Payable?

Hochtief AG's average Accounts Payable for the three months ended in Dec. 2023 was $8,932 Mil. Hochtief AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,254 Mil. Hence, Hochtief AG's Days Payable for the three months ended in Dec. 2023 was 130.33.

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

HOCFF' s Days Payable Range Over the Past 10 Years
Min: 111.51 Med: 133.19 Max: 168.35
Current: 145.4

During the past 13 years, Hochtief AG's highest Days Payable was 168.35. The lowest was 111.51. And the median was 133.19.

HOCFF's Days Payable is ranked better than
76.29% of 1603 companies
in the Construction industry
Industry Median: 73.79 vs HOCFF: 145.40

Hochtief AG's Days Payable declined from Dec. 2022 (137.09) to Dec. 2023 (130.33). It may suggest that Hochtief AG accelerated paying its suppliers.

Hochtief AG Days Payable Historical Data

The historical data trend for Hochtief AG'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.

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Hochtief AG Days Payable Chart

Hochtief AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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158.78

128.20

128.32

114.84

118.41

Hochtief AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															137.09	151.67	162.25	162.52	130.33

Competitive Comparison of Hochtief AG's Days Payable

For the Engineering & Construction subindustry, Hochtief AG'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.

Hochtief AG's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hochtief AG's Days Payable distribution charts can be found below:

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

Hochtief AG 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.

Hochtief AG'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
=	( (7113.517	+	7679.148)	/	2 )	/	22799.87	*	365
=	7396.3325					/	22799.87	*	365
=	118.41

Hochtief AG'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
=	( (10185.42	+	7679.148)	/	2 )	/	6253.932	*	365 / 4
=	8932.284					/	6253.932	*	365 / 4
=	130.33

Hochtief AG Days Payable Related Terms

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Hochtief AG (Hochtief AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hochtief AG (OTCPK:HOCFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1HOT:Italy HOTd:UK 0EPW:UK HOT:Germany HOT:Austria

Address

Alfredstrasse 236, Essen, NW, DEU, 45133

Website

https://www.hochtief.com

Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Hochtief reports operating segments by regional divisions: Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where most of the company's assets are located.