Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Days Payable

: 79.58 (As of Mar. 2024)

View and export this data going back to 1989. Start your Free Trial

Telefonaktiebolaget L M Ericsson's average Accounts Payable for the three months ended in Mar. 2024 was $2,569 Mil. Telefonaktiebolaget L M Ericsson's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,946 Mil. Hence, Telefonaktiebolaget L M Ericsson's Days Payable for the three months ended in Mar. 2024 was 79.58.

The historical rank and industry rank for Telefonaktiebolaget L M Ericsson's Days Payable or its related term are showing as below:

ERIC' s Days Payable Range Over the Past 10 Years
Min: 53.09 Med: 73.31 Max: 93.87
Current: 72.85

During the past 13 years, Telefonaktiebolaget L M Ericsson's highest Days Payable was 93.87. The lowest was 53.09. And the median was 73.31.

ERIC's Days Payable is ranked better than
53.8% of 2420 companies
in the Hardware industry
Industry Median: 67.955 vs ERIC: 72.85

Telefonaktiebolaget L M Ericsson's Days Payable declined from Mar. 2023 (87.19) to Mar. 2024 (79.58). It may suggest that Telefonaktiebolaget L M Ericsson accelerated paying its suppliers.

Telefonaktiebolaget L M Ericsson Days Payable Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson'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.

Telefonaktiebolaget L M Ericsson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

78.97

77.58

97.73

91.31

74.20

Telefonaktiebolaget L M Ericsson Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															87.19	80.28	77.06	59.16	79.58

Competitive Comparison

For the Communication Equipment subindustry, Telefonaktiebolaget L M Ericsson'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.

Telefonaktiebolaget L M Ericsson Days Payable Distribution

For the Hardware industry and Technology sector, Telefonaktiebolaget L M Ericsson's Days Payable distribution charts can be found below:

* The bar in red indicates where Telefonaktiebolaget L M Ericsson's Days Payable falls into.

Telefonaktiebolaget L M Ericsson 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.

Telefonaktiebolaget L M Ericsson'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
=	( (3703.7	+	2707.066)	/	2 )	/	15768.698	*	365
=	3205.383					/	15768.698	*	365
=	74.20

Telefonaktiebolaget L M Ericsson's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2707.066	+	2430.532)	/	2 )	/	2945.55	*	365 / 4
=	2568.799					/	2945.55	*	365 / 4
=	79.58

Telefonaktiebolaget L M Ericsson Days Payable Related Terms

Thank you for viewing the detailed overview of Telefonaktiebolaget L M Ericsson's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (NAS:ERIC) » Definitions » Days Payable

Comparable Companies

Address

Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83

Website

https://www.ericsson.com

Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.