Adecco Group AG (Adecco Group AG) Days Payable : 15.57 (As of Dec. 2023)

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What is Adecco Group AG Days Payable?

Adecco Group AG's average Accounts Payable for the three months ended in Dec. 2023 was $907 Mil. Adecco Group AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,317 Mil. Hence, Adecco Group AG's Days Payable for the three months ended in Dec. 2023 was 15.57.

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

AHEXY' s Days Payable Range Over the Past 10 Years
Min: 14.19 Med: 16.13 Max: 20.42
Current: 19.19

During the past 13 years, Adecco Group AG's highest Days Payable was 20.42. The lowest was 14.19. And the median was 16.13.

AHEXY's Days Payable is ranked worse than
78.7% of 925 companies
in the Business Services industry
Industry Median: 47.39 vs AHEXY: 19.19

Adecco Group AG's Days Payable declined from Dec. 2022 (21.60) to Dec. 2023 (15.57). It may suggest that Adecco Group AG accelerated paying its suppliers.

Adecco Group AG Days Payable Historical Data

The historical data trend for Adecco Group 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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Adecco Group AG Days Payable Chart

Adecco Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.83

17.62

18.65

20.53

18.85

Adecco Group 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															21.60	22.62	-	-	15.57

Competitive Comparison of Adecco Group AG's Days Payable

For the Staffing & Employment Services subindustry, Adecco Group 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.

Adecco Group AG's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adecco Group AG's Days Payable distribution charts can be found below:

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

Adecco Group 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.

Adecco Group 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
=	( (1230.932	+	907.306)	/	2 )	/	20706.652	*	365
=	1069.119					/	20706.652	*	365
=	18.85

Adecco Group 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
=	( (0	+	907.306)	/	1 )	/	5317.339	*	365 / 4
=	907.306					/	5317.339	*	365 / 4
=	15.57

Adecco Group AG Days Payable Related Terms

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Adecco Group AG (Adecco Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adecco Group AG (OTCPK:AHEXY) » Definitions » Days Payable

Comparable Companies

SLNG PED NGS EPSN SGU RSRV SND EPM RNGR SOI ADP PAYX XAMS:RAND RHI BZ TNET NSP MAN KFY TSE:2181

Traded in Other Exchanges

ADENz:UK ADIA:Germany ADEN:Switzerland

Address

Bellerivestrasse 30, Zurich, CHE, CH-8008

Website

https://www.adeccogroup.com

Adecco Group AG is a provider of human capital solutions including Flexible placement, Permanent placement, Career Transition, Outsourcing, Consulting Services in engineering, Digital and IT, Talent services, Training, Up/ Re-skilling and Other services. It is organised into three business units Adecco, Akkodis and LHH. The company provides services to businesses and organisations located throughout Europe, North America, Asia Pacific, South America, and North Africa.