Vestas Wind Systems A/S (Vestas Wind Systems A/S) Days Payable : 78.57 (As of Dec. 2023)

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What is Vestas Wind Systems A/S Days Payable?

Vestas Wind Systems A/S's average Accounts Payable for the three months ended in Dec. 2023 was $3,989 Mil. Vestas Wind Systems A/S's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,632 Mil. Hence, Vestas Wind Systems A/S's Days Payable for the three months ended in Dec. 2023 was 78.57.

The historical rank and industry rank for Vestas Wind Systems A/S's Days Payable or its related term are showing as below:

VWDRY' s Days Payable Range Over the Past 10 Years
Min: 56.62 Med: 98.01 Max: 108.83
Current: 95.66

During the past 13 years, Vestas Wind Systems A/S's highest Days Payable was 108.83. The lowest was 56.62. And the median was 98.01.

VWDRY's Days Payable is ranked better than
61.43% of 2930 companies
in the Industrial Products industry
Industry Median: 76.24 vs VWDRY: 95.66

Vestas Wind Systems A/S's Days Payable increased from Dec. 2022 (71.59) to Dec. 2023 (78.57). It may suggest that Vestas Wind Systems A/S delayed paying its suppliers.

Vestas Wind Systems A/S Days Payable Historical Data

The historical data trend for Vestas Wind Systems A/S'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.

Vestas Wind Systems A/S Days Payable Chart

Vestas Wind Systems A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

98.29

88.72

106.27

110.01

99.80

Vestas Wind Systems A/S 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															71.59	130.41	98.98	82.15	78.57

Competitive Comparison of Vestas Wind Systems A/S's Days Payable

For the Specialty Industrial Machinery subindustry, Vestas Wind Systems A/S'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.

Vestas Wind Systems A/S's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vestas Wind Systems A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Vestas Wind Systems A/S's Days Payable falls into.

Vestas Wind Systems A/S 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.

Vestas Wind Systems A/S'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
=	( (4331.568	+	4076.336)	/	2 )	/	15375.136	*	365
=	4203.952					/	15375.136	*	365
=	99.80

Vestas Wind Systems A/S'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
=	( (3900.747	+	4076.336)	/	2 )	/	4632.497	*	365 / 4
=	3988.5415					/	4632.497	*	365 / 4
=	78.57

Vestas Wind Systems A/S Days Payable Related Terms

Thank you for viewing the detailed overview of Vestas Wind Systems A/S's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Vestas Wind Systems A/S (Vestas Wind Systems A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vestas Wind Systems A/S (OTCPK:VWDRY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VWSYF:USA VWSc:UK 0NMK:UK VWS:Denmark VWSB:Germany VWSB:Austria

Address

Hedeager 42, Aarhus, DNK, 8200

Website

https://www.vestas.com

Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.

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