KONE Oyj (KONE Oyj) Days Payable : 36.07 (As of Mar. 2024)

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What is KONE Oyj Days Payable?

KONE Oyj's average Accounts Payable for the three months ended in Mar. 2024 was $960 Mil. KONE Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,429 Mil. Hence, KONE Oyj's Days Payable for the three months ended in Mar. 2024 was 36.07.

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

KNYJF' s Days Payable Range Over the Past 10 Years
Min: 32.11 Med: 35.32 Max: 82.91
Current: 69.67

During the past 13 years, KONE Oyj's highest Days Payable was 82.91. The lowest was 32.11. And the median was 35.32.

KNYJF's Days Payable is ranked worse than
55.05% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs KNYJF: 69.67

KONE Oyj's Days Payable declined from Mar. 2023 (41.68) to Mar. 2024 (36.07). It may suggest that KONE Oyj accelerated paying its suppliers.

KONE Oyj Days Payable Historical Data

The historical data trend for KONE Oyj'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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KONE Oyj Days Payable Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.54

63.20

81.19

85.87

72.51

KONE Oyj 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															41.68	34.45	36.39	-	36.07

Competitive Comparison of KONE Oyj's Days Payable

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Days Payable distribution charts can be found below:

* The bar in red indicates where KONE Oyj's Days Payable falls into.

KONE Oyj 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.

KONE Oyj'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
=	( (1200	+	1010.905)	/	2 )	/	5564.45	*	365
=	1105.4525					/	5564.45	*	365
=	72.51

KONE Oyj'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
=	( (1010.905	+	908.913)	/	2 )	/	2428.696	*	365 / 4
=	959.909					/	2428.696	*	365 / 4
=	36.07

KONE Oyj Days Payable Related Terms

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KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KNYJY:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.