NemakB de CV (NemakB de CV) Days Payable : 114.14 (As of Mar. 2024)

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What is NemakB de CV Days Payable?

NemakB de CV's average Accounts Payable for the three months ended in Mar. 2024 was $1,339 Mil. NemakB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,071 Mil. Hence, NemakB de CV's Days Payable for the three months ended in Mar. 2024 was 114.14.

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

NMAKF' s Days Payable Range Over the Past 10 Years
Min: 56.97 Med: 88.44 Max: 61519.31
Current: 61519.31

During the past 12 years, NemakB de CV's highest Days Payable was 61519.31. The lowest was 56.97. And the median was 88.44.

NMAKF's Days Payable is ranked better than
99.84% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 66.77 vs NMAKF: 61519.31

NemakB de CV's Days Payable declined from Mar. 2023 (67,638.35) to Mar. 2024 (114.14). It may suggest that NemakB de CV accelerated paying its suppliers.

NemakB de CV Days Payable Historical Data

The historical data trend for NemakB de CV'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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NemakB de CV Days Payable Chart

NemakB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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90.33

107.06

123.09

129.19

110.47

NemakB de CV 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															67,638.35	110,559.94	95,623.70	97.69	114.14

Competitive Comparison of NemakB de CV's Days Payable

For the Auto Parts subindustry, NemakB de CV'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.

NemakB de CV's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NemakB de CV's Days Payable distribution charts can be found below:

* The bar in red indicates where NemakB de CV's Days Payable falls into.

NemakB de CV 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.

NemakB de CV'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
=	( (1577.166	+	1120.172)	/	2 )	/	4456.287	*	365
=	1348.669					/	4456.287	*	365
=	110.47

NemakB de CV'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
=	( (1120.172	+	1558.142)	/	2 )	/	1070.574	*	365 / 4
=	1339.157					/	1070.574	*	365 / 4
=	114.14

NemakB de CV Days Payable Related Terms

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NemakB de CV (NemakB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nemak SAB de CV (OTCPK:NMAKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NEMAKA:Mexico

Address

Libramiento Arco Vial Km. 3.8, Garcia, Mexico, NL, MEX, 66000

Website

https://www.nemak.com

Nemak SAB de CV is a Mexican company that is active in the automotive industry. The company is engaged in the production of complex aluminum components for powertrain and body structure applications. Its product portfolio includes cylinder heads, engine blocks, transmission parts, structural parts, cargo floor reinforcement, reinforcement side members, transmission housing, shock tower, cross member, support bracket, frame rail, and other components. The company has business operations in Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India, China, and others. Nemak earns nearly half of its revenue from North America.

NemakB de CV (NemakB de CV) Headlines

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