Hexagon AB (Hexagon AB) Days Payable : 52.47 (As of Dec. 2023)

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What is Hexagon AB Days Payable?

Hexagon AB's average Accounts Payable for the three months ended in Dec. 2023 was $302 Mil. Hexagon AB's Cost of Goods Sold for the three months ended in Dec. 2023 was $525 Mil. Hence, Hexagon AB's Days Payable for the three months ended in Dec. 2023 was 52.47.

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

HXGBY' s Days Payable Range Over the Past 10 Years
Min: 48.39 Med: 55.52 Max: 59.3
Current: 55.24

During the past 13 years, Hexagon AB's highest Days Payable was 59.30. The lowest was 48.39. And the median was 55.52.

HXGBY's Days Payable is ranked worse than
62.33% of 2421 companies
in the Hardware industry
Industry Median: 67.76 vs HXGBY: 55.24

Hexagon AB's Days Payable declined from Dec. 2022 (58.46) to Dec. 2023 (52.47). It may suggest that Hexagon AB accelerated paying its suppliers.

Hexagon AB Days Payable Historical Data

The historical data trend for Hexagon AB'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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Hexagon AB Days Payable Chart

Hexagon AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.67

54.35

57.50

59.89

56.86

Hexagon AB 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															58.46	61.19	55.54	52.09	52.47

Competitive Comparison of Hexagon AB's Days Payable

For the Scientific & Technical Instruments subindustry, Hexagon AB'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.

Hexagon AB's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hexagon AB's Days Payable distribution charts can be found below:

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

Hexagon AB 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.

Hexagon AB'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
=	( (328.178	+	314.613)	/	2 )	/	2063.25	*	365
=	321.3955					/	2063.25	*	365
=	56.86

Hexagon AB'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
=	( (288.901	+	314.613)	/	2 )	/	524.755	*	365 / 4
=	301.757					/	524.755	*	365 / 4
=	52.47

Hexagon AB Days Payable Related Terms

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Hexagon AB (Hexagon AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hexagon AB (OTCPK:HXGBY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HXGBF:USA HEXA B:Sweden HEXABs:UK HXG:Germany

Address

Lilla Bantorget 15, Stockholm, SWE, SE-111 23

Website

https://www.hexagon.com

Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.