Holmen AB (LTS:0XS9) Days Payable : 105.95 (As of Mar. 2024)

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What is Holmen AB Days Payable?

Holmen AB's average Accounts Payable for the three months ended in Mar. 2024 was kr3,391 Mil. Holmen AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2,920 Mil. Hence, Holmen AB's Days Payable for the three months ended in Mar. 2024 was 105.95.

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

LTS:0XS9' s Days Payable Range Over the Past 10 Years
Min: 78.48 Med: 97.27 Max: 15761.68
Current: 111.13

During the past 13 years, Holmen AB's highest Days Payable was 15761.68. The lowest was 78.48. And the median was 97.27.

LTS:0XS9's Days Payable is ranked better than
84.64% of 280 companies
in the Forest Products industry
Industry Median: 57.37 vs LTS:0XS9: 111.13

Holmen AB's Days Payable declined from Mar. 2023 (123.03) to Mar. 2024 (105.95). It may suggest that Holmen AB accelerated paying its suppliers.

Holmen AB Days Payable Historical Data

The historical data trend for Holmen 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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Holmen AB Days Payable Chart

Holmen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15,761.68

104.68

100.89

119.53

123.76

Holmen 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															123.03	119.27	114.91	107.47	105.95

Competitive Comparison of Holmen AB's Days Payable

For the Paper & Paper Products subindustry, Holmen 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.

Holmen AB's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Holmen AB's Days Payable distribution charts can be found below:

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

Holmen 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.

Holmen 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
=	( (3848	+	3394)	/	2 )	/	10679	*	365
=	3621					/	10679	*	365
=	123.76

Holmen 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
=	( (3394	+	3387)	/	2 )	/	2920	*	365 / 4
=	3390.5					/	2920	*	365 / 4
=	105.95

Holmen AB Days Payable Related Terms

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Holmen AB (LTS:0XS9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Holmen AB (LTS:0XS9) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HLMNY:USA HOLM B:Sweden HOLM A:Sweden HL9C:Germany

Address

Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84

Website

https://www.holmen.com

Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into five segments based on product type: Forest, Paperboard, Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, construction industry, and packaging industry, among others. The vast majority of revenue comes from the company's paper and paperboard segments combined, and it earns majoroty of its revenue in Europe.

Holmen AB (LTS:0XS9) Headlines

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