Elvalhalcor (ATH:ELHA) Days Payable : 46.86 (As of Jun. 2023)

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What is Elvalhalcor Days Payable?

Elvalhalcor's average Accounts Payable for the six months ended in Jun. 2023 was €429 Mil. Elvalhalcor's Cost of Goods Sold for the six months ended in Jun. 2023 was €1,671 Mil. Hence, Elvalhalcor's Days Payable for the six months ended in Jun. 2023 was 46.86.

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

ATH:ELHA' s Days Payable Range Over the Past 10 Years
Min: 23.11 Med: 41.12 Max: 67.59
Current: 49.6

During the past 13 years, Elvalhalcor's highest Days Payable was 67.59. The lowest was 23.11. And the median was 41.12.

ATH:ELHA's Days Payable is ranked worse than
70.2% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs ATH:ELHA: 49.60

Elvalhalcor's Days Payable increased from Jun. 2022 (46.80) to Jun. 2023 (46.86). It may suggest that Elvalhalcor delayed paying its suppliers.

Elvalhalcor Days Payable Historical Data

The historical data trend for Elvalhalcor'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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Elvalhalcor Days Payable Chart

Elvalhalcor Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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30.27

38.98

50.37

49.75

43.25

Elvalhalcor Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															53.95	52.14	46.80	48.90	46.86

Competitive Comparison of Elvalhalcor's Days Payable

For the Metal Fabrication subindustry, Elvalhalcor'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.

Elvalhalcor's Days Payable Distribution in the Industrial Products Industry

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

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

Elvalhalcor 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.

Elvalhalcor's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (412.266	+	384.495)	/	2 )	/	3361.692	*	365
=	398.3805					/	3361.692	*	365
=	43.25

Elvalhalcor's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (384.495	+	473.545)	/	2 )	/	1670.767	*	365 / 2
=	429.02					/	1670.767	*	365 / 2
=	46.86

Elvalhalcor Days Payable Related Terms

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Elvalhalcor (ATH:ELHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elvalhalcor SA (ATH:ELHA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4 Mesogeion Avenue, Athens Tower, 2nd Building, Athens, GRC, GR-115 27

Website

https://www.elvalhalcor.com

Elvalhalcor SA is a Greece-based company, engaged in the production, processing, and marketing of copper and aluminum products. The company's operating segment includes Copper products and Aluminium products. It generates maximum revenue from the Copper products segment. The company serves Automotive and shipbuilding; Packaging; Energy and power networks; Renewable energy; Industrial applications; Heating, ventilation, air conditioning and refrigeration (HVAC&R), and Building and construction markets. Some of its products include Flat rolled aluminium products and solutions; Aluminium foil and aluminium flexible-packaging materials; Copper tubes with or without plastic coating or industrial insulation and others.

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