Sixt SE (Sixt SE) Days Payable : 276.75 (As of Dec. 2023)

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What is Sixt SE Days Payable?

Sixt SE's average Accounts Payable for the three months ended in Dec. 2023 was $657.44 Mil. Sixt SE's Cost of Goods Sold for the three months ended in Dec. 2023 was $216.77 Mil. Hence, Sixt SE's Days Payable for the three months ended in Dec. 2023 was 276.75.

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

SXTSY' s Days Payable Range Over the Past 10 Years
Min: 199.38 Med: 262.49 Max: 544.18
Current: 308.53

During the past 13 years, Sixt SE's highest Days Payable was 544.18. The lowest was 199.38. And the median was 262.49.

SXTSY's Days Payable is ranked better than
92.75% of 924 companies
in the Business Services industry
Industry Median: 47.115 vs SXTSY: 308.53

Sixt SE's Days Payable declined from Dec. 2022 (331.44) to Dec. 2023 (276.75). It may suggest that Sixt SE accelerated paying its suppliers.

Sixt SE Days Payable Historical Data

The historical data trend for Sixt SE'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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Sixt SE Days Payable Chart

Sixt SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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445.26

512.90

315.88

319.16

276.41

Sixt SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															331.44	339.56	338.80	311.87	276.75

Competitive Comparison of Sixt SE's Days Payable

For the Rental & Leasing Services subindustry, Sixt SE'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.

Sixt SE's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sixt SE's Days Payable distribution charts can be found below:

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

Sixt SE 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.

Sixt SE'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
=	( (674.722	+	608.103)	/	2 )	/	846.976	*	365
=	641.4125					/	846.976	*	365
=	276.41

Sixt SE's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (706.774	+	608.103)	/	2 )	/	216.769	*	365 / 4
=	657.4385					/	216.769	*	365 / 4
=	276.75

Sixt SE Days Payable Related Terms

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Sixt SE (Sixt SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (OTCPK:SXTSY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SIXGF:USA 1SIX:Italy SIX2d:UK 0NW8:UK 0NW7:UK SIX2:Germany

Address

Zugspitzstrasse 1, Pullach, BY, DEU, 82049

Website

https://www.sixt.com

Sixt SE provides automotive rental services mainly across Europe and the US. The company offers rental solutions from passenger vehicles, including sports utilities vehicles, electric vehicles, and luxury sports cars to vans and trucks. With its products SIXT rent, SIXT share, SIXT ride, and others, the company offers mobility services in the areas of car rental, car sharing, ride services, and car subscriptions. These products can be booked via a single app that also integrates the services of mobility partners.

Sixt SE (Sixt SE) Headlines

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