ICL Group (ICL Group) Days Payable : 69.69 (As of Dec. 2023)

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What is ICL Group Days Payable?

ICL Group's average Accounts Payable for the three months ended in Dec. 2023 was $863 Mil. ICL Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,130 Mil. Hence, ICL Group's Days Payable for the three months ended in Dec. 2023 was 69.69.

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

ICL' s Days Payable Range Over the Past 10 Years
Min: 58.46 Med: 73.07 Max: 75.81
Current: 68.9

During the past 13 years, ICL Group's highest Days Payable was 75.81. The lowest was 58.46. And the median was 73.07.

ICL's Days Payable is ranked worse than
54.94% of 233 companies
in the Agriculture industry
Industry Median: 78.58 vs ICL: 68.90

ICL Group's Days Payable declined from Dec. 2022 (81.64) to Dec. 2023 (69.69). It may suggest that ICL Group accelerated paying its suppliers.

ICL Group Days Payable Historical Data

The historical data trend for ICL Group'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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ICL Group Days Payable Chart

ICL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.40

74.58

75.79

75.81

71.95

ICL Group 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															81.64	70.88	71.37	61.04	69.69

Competitive Comparison of ICL Group's Days Payable

For the Agricultural Inputs subindustry, ICL Group'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.

ICL Group's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ICL Group's Days Payable distribution charts can be found below:

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

ICL Group 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.

ICL Group'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
=	( (1006	+	912)	/	2 )	/	4865	*	365
=	959					/	4865	*	365
=	71.95

ICL Group'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
=	( (814	+	912)	/	2 )	/	1130	*	365 / 4
=	863					/	1130	*	365 / 4
=	69.69

ICL Group Days Payable Related Terms

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ICL Group (ICL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ICL Group Ltd (NYSE:ICL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ICL:Israel

Address

23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202

Website

https://www.icl-group.com

ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.