Hoevelrat Holding AG (HAM:C9T) Days Payable : 8.39 (As of Dec. 2022)

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What is Hoevelrat Holding AG Days Payable?

Hoevelrat Holding AG's average Accounts Payable for the six months ended in Dec. 2022 was €0.02 Mil. Hoevelrat Holding AG's Cost of Goods Sold for the six months ended in Dec. 2022 was €0.85 Mil. Hence, Hoevelrat Holding AG's Days Payable for the six months ended in Dec. 2022 was 4.20.

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

HAM:C9T' s Days Payable Range Over the Past 10 Years
Min: 3.84 Med: 11.01 Max: 18.88
Current: 8.39

During the past 7 years, Hoevelrat Holding AG's highest Days Payable was 18.88. The lowest was 3.84. And the median was 11.01.

HAM:C9T's Days Payable is ranked worse than
90.64% of 470 companies
in the Asset Management industry
Industry Median: 70.455 vs HAM:C9T: 8.39

Hoevelrat Holding AG's Days Payable declined from Dec. 2020 (9.20) to Dec. 2022 (8.39). It may suggest that Hoevelrat Holding AG accelerated paying its suppliers.

Hoevelrat Holding AG Days Payable Historical Data

The historical data trend for Hoevelrat Holding AG'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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Hoevelrat Holding AG Days Payable Chart

Hoevelrat Holding AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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16.82

12.82

9.20

3.84

8.39

Hoevelrat Holding AG Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Days Payable	Get a 7-Day Free Trial			16.82	12.82	9.20	3.84	8.39

Competitive Comparison of Hoevelrat Holding AG's Days Payable

For the Asset Management subindustry, Hoevelrat Holding AG'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.

Hoevelrat Holding AG's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hoevelrat Holding AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Hoevelrat Holding AG's Days Payable falls into.

Hoevelrat Holding AG 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.

Hoevelrat Holding AG'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
=	( (0.018	+	0.021)	/	2 )	/	0.848	*	365
=	0.0195					/	0.848	*	365
=	8.39

Hoevelrat Holding AG's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.018	+	0.021)	/	2 )	/	0.848	*	365 / 2
=	0.0195					/	0.848	*	365 / 2
=	4.20

Hoevelrat Holding AG Days Payable Related Terms

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Hoevelrat Holding AG (HAM:C9T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hoevelrat Holding AG (HAM:C9T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Brodschrangen 3-5, Hamburg, DEU, 20457

Website

http://www.hoevelrat.de

Hoevelrat Holding AG is an independent asset manager. It is engaged in offering financial services. The firm provides various services such as research, marketing, controlling, distribution, staff, and sustainability.

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