SSAB AB (SSAB AB) Days Payable : 72.44 (As of Mar. 2024)

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What is SSAB AB Days Payable?

SSAB AB's average Accounts Payable for the three months ended in Mar. 2024 was $1,708 Mil. SSAB AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,151 Mil. Hence, SSAB AB's Days Payable for the three months ended in Mar. 2024 was 72.44.

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

SSAAY' s Days Payable Range Over the Past 10 Years
Min: 46.31 Med: 61.66 Max: 70.74
Current: 70.74

During the past 13 years, SSAB AB's highest Days Payable was 70.74. The lowest was 46.31. And the median was 61.66.

SSAAY's Days Payable is ranked better than
71.77% of 588 companies
in the Steel industry
Industry Median: 39.59 vs SSAAY: 70.74

SSAB AB's Days Payable increased from Mar. 2023 (65.85) to Mar. 2024 (72.44). It may suggest that SSAB AB delayed paying its suppliers.

SSAB AB Days Payable Historical Data

The historical data trend for SSAB 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.

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SSAB AB Days Payable Chart

SSAB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.70

64.47

71.18

54.69

68.42

SSAB AB 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															65.85	66.82	75.43	69.50	72.44

Competitive Comparison of SSAB AB's Days Payable

For the Steel subindustry, SSAB 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.

SSAB AB's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, SSAB AB's Days Payable distribution charts can be found below:

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

SSAB 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.

SSAB 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
=	( (1885.334	+	1657.405)	/	2 )	/	9450.163	*	365
=	1771.3695					/	9450.163	*	365
=	68.42

SSAB AB'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
=	( (1657.405	+	1757.898)	/	2 )	/	2151.124	*	365 / 4
=	1707.6515					/	2151.124	*	365 / 4
=	72.44

SSAB AB Days Payable Related Terms

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SSAB AB (SSAB AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (OTCPK:SSAAY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SSAB B:Sweden SSAB A:Sweden SSABBs:UK SSABAs:UK 0MHZ:UK 0KII:UK SSABBH:Finland SSABAH:Finland SKWA:Germany

Address

Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21

Website

https://www.ssab.com

SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.

SSAB AB (SSAB AB) Headlines

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