Mercedes-Benz Group AG (Mercedes-Benz Group AG) Days Payable

: 38.18 (As of Dec. 2023)

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Mercedes-Benz Group AG's average Accounts Payable for the three months ended in Dec. 2023 was $14,727 Mil. Mercedes-Benz Group AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $35,202 Mil. Hence, Mercedes-Benz Group AG's Days Payable for the three months ended in Dec. 2023 was 38.18.

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

MBGAF' s Days Payable Range Over the Past 10 Years
Min: 32.05 Med: 35.27 Max: 45.06
Current: 41.6

During the past 13 years, Mercedes-Benz Group AG's highest Days Payable was 45.06. The lowest was 32.05. And the median was 35.27.

MBGAF's Days Payable is ranked worse than
74.17% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.19 vs MBGAF: 41.60

Mercedes-Benz Group AG's Days Payable increased from Dec. 2022 (36.52) to Dec. 2023 (38.18). It may suggest that Mercedes-Benz Group AG delayed paying its suppliers.

Mercedes-Benz Group AG Days Payable Historical Data

The historical data trend for Mercedes-Benz 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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Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.61

43.08

42.40

37.08

37.91

Mercedes-Benz 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															36.52	42.81	43.67	44.73	38.18

Competitive Comparison

For the Auto Manufacturers subindustry, Mercedes-Benz 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.

Mercedes-Benz Group AG Days Payable Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Days Payable distribution charts can be found below:

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

Mercedes-Benz 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.

Mercedes-Benz 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
=	( (12927.966	+	13989.095)	/	2 )	/	129595.419	*	365
=	13458.5305					/	129595.419	*	365
=	37.91

Mercedes-Benz 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
=	( (15465.315	+	13989.095)	/	2 )	/	35201.744	*	365 / 4
=	14727.205					/	35201.744	*	365 / 4
=	38.18

Mercedes-Benz Group AG Days Payable Related Terms

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Mercedes-Benz Group AG (Mercedes-Benz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (OTCPK:MBGAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MBGYY:USA DAI:Romania MBG:Mexico DAIMLER:Hungary MBGd:UK 0NXX:UK MBG:Germany MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Executives