SKF AB (SKF AB) Days Payable

: 52.97 (As of Dec. 2023)

View and export this data going back to 1985. Start your Free Trial

SKF AB's average Accounts Payable for the three months ended in Dec. 2023 was $1,053 Mil. SKF AB's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,813 Mil. Hence, SKF AB's Days Payable for the three months ended in Dec. 2023 was 52.97.

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

SKFRY' s Days Payable Range Over the Past 10 Years
Min: 36.61 Med: 45.97 Max: 57.26
Current: 55.33

During the past 13 years, SKF AB's highest Days Payable was 57.26. The lowest was 36.61. And the median was 45.97.

SKFRY's Days Payable is ranked worse than
64.83% of 2929 companies
in the Industrial Products industry
Industry Median: 75.91 vs SKFRY: 55.33

SKF AB's Days Payable declined from Dec. 2022 (54.87) to Dec. 2023 (52.97). It may suggest that SKF AB accelerated paying its suppliers.

SKF AB Days Payable Historical Data

The historical data trend for SKF AB'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.

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

46.12

52.06

59.55

57.61

53.42

SKF AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																54.87	56.27	57.06	56.39	52.97

Competitive Comparison

For the Tools & Accessories subindustry, SKF AB'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.

SKF AB Days Payable Distribution

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

* The bar in red indicates where SKF AB's Days Payable falls into.

SKF AB 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.

SKF AB'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
=	( (1117.171	+	1095.383)	/	2 )	/	7559.371	*	365
=	1106.277					/	7559.371	*	365
=	53.42

SKF AB'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
=	( (1009.942	+	1095.383)	/	2 )	/	1813.388	*	365 / 4
=	1052.6625					/	1813.388	*	365 / 4
=	52.97

SKF AB Days Payable Related Terms

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

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.