Essity AB (Essity AB) Days Payable : 60.80 (As of Mar. 2024)

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What is Essity AB Days Payable?

Essity AB's average Accounts Payable for the three months ended in Mar. 2024 was $1,514 Mil. Essity AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,271 Mil. Hence, Essity AB's Days Payable for the three months ended in Mar. 2024 was 60.80.

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

ETTYF' s Days Payable Range Over the Past 10 Years
Min: 60.35 Med: 65.14 Max: 82.82
Current: 73.45

During the past 11 years, Essity AB's highest Days Payable was 82.82. The lowest was 60.35. And the median was 65.14.

ETTYF's Days Payable is ranked better than
72.32% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs ETTYF: 73.45

Essity AB's Days Payable declined from Mar. 2023 (88.09) to Mar. 2024 (60.80). It may suggest that Essity AB accelerated paying its suppliers.

Essity AB Days Payable Historical Data

The historical data trend for Essity 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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Essity AB Days Payable Chart

Essity AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.94

63.86

86.06

84.97

71.03

Essity 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															88.09	66.21	60.71	169.75	60.80

Competitive Comparison of Essity AB's Days Payable

For the Household & Personal Products subindustry, Essity 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.

Essity AB's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Essity AB's Days Payable distribution charts can be found below:

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

Essity 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.

Essity 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
=	( (2470.996	+	1473.932)	/	2 )	/	10136.484	*	365
=	1972.464					/	10136.484	*	365
=	71.03

Essity 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
=	( (1473.932	+	1553.216)	/	2 )	/	2271.475	*	365 / 4
=	1513.574					/	2271.475	*	365 / 4
=	60.80

Essity AB Days Payable Related Terms

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Essity AB (Essity AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Essity AB (OTCPK:ETTYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESSITY A:Sweden ESSITY B:Sweden ESSIBs:UK 0RQD:UK ESWB:Germany

Address

Klarabergsviadukten 63, PO Box 200, Stockholm, SWE, SE-101 23

Website

https://www.essity.com

Essity is a health and hygiene company spun out of Svenska Cellulosa in June 2017. Essity's products span the feminine-care, baby-care, toilet paper, facial tissue, and wet wipes categories, as well as hand soap, hand sanitizers, and tissue dispensers for institutional customers. Essity also offers medical solutions in the form of wound care, orthopedics, and compression therapy, accounting for 7% of net sales in fiscal 2021. Essity operates in 150 markets and generates over 50% of its revenue in Europe, although it also maintains significant exposure to emerging markets (38% of net sales in 2021).