Greif (FRA:GR3) Days Payable : 45.50 (As of Jan. 2024)

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What is Greif Days Payable?

Greif's average Accounts Payable for the three months ended in Jan. 2024 was €451 Mil. Greif's Cost of Goods Sold for the three months ended in Jan. 2024 was €903 Mil. Hence, Greif's Days Payable for the three months ended in Jan. 2024 was 45.50.

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

FRA:GR3' s Days Payable Range Over the Past 10 Years
Min: 42.12 Med: 47.48 Max: 51.18
Current: 44.08

During the past 13 years, Greif's highest Days Payable was 51.18. The lowest was 42.12. And the median was 47.48.

FRA:GR3's Days Payable is ranked worse than
66.22% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs FRA:GR3: 44.08

Greif's Days Payable declined from Jan. 2023 (48.24) to Jan. 2024 (45.50). It may suggest that Greif accelerated paying its suppliers.

Greif Days Payable Historical Data

The historical data trend for Greif'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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Greif Days Payable Chart

Greif Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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41.36

46.31

46.98

41.79

49.27

Greif Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															48.24	44.59	45.15	43.32	45.50

Competitive Comparison of Greif's Days Payable

For the Packaging & Containers subindustry, Greif'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.

Greif's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Days Payable distribution charts can be found below:

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

Greif 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.

Greif's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (569.719	+	471.417)	/	2 )	/	3856.657	*	365
=	520.568					/	3856.657	*	365
=	49.27

Greif's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (471.417	+	429.624)	/	2 )	/	903.495	*	365 / 4
=	450.5205					/	903.495	*	365 / 4
=	45.50

Greif Days Payable Related Terms

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

Greif (FRA:GR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greif Inc (FRA:GR3) » Definitions » Days Payable

Comparable Companies

PTVE AMBP OI SEE TRS SLGN MYE PACK KRT SON BALL AVY PKG AMCR WRK IP DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

GEF.B:USA GEF:USA GB6B:Germany

Address

425 Winter Road, Delaware, OH, USA, 43015

Website

https://www.greif.com

Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.

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