Ciech (WAR:CIE) Days Payable : 239.21 (As of Sep. 2023)

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What is Ciech Days Payable?

Ciech's average Accounts Payable for the three months ended in Sep. 2023 was zł2,441 Mil. Ciech's Cost of Goods Sold for the three months ended in Sep. 2023 was zł931 Mil. Hence, Ciech's Days Payable for the three months ended in Sep. 2023 was 239.21.

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

WAR:CIE' s Days Payable Range Over the Past 10 Years
Min: 44.8 Med: 63.88 Max: 176.96
Current: 176.96

During the past 13 years, Ciech's highest Days Payable was 176.96. The lowest was 44.80. And the median was 63.88.

WAR:CIE's Days Payable is not ranked
in the Chemicals industry.
Industry Median: 61 vs WAR:CIE: 176.96

Ciech's Days Payable increased from Sep. 2022 (176.28) to Sep. 2023 (239.21). It may suggest that Ciech delayed paying its suppliers.

Ciech Days Payable Historical Data

The historical data trend for Ciech'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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Ciech Days Payable Chart

Ciech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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73.39

85.39

130.75

121.66

69.11

Ciech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															176.28	133.89	117.51	242.90	239.21

Competitive Comparison of Ciech's Days Payable

For the Chemicals subindustry, Ciech'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.

Ciech's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ciech's Days Payable distribution charts can be found below:

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

Ciech 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.

Ciech'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
=	( (614.596	+	993.715)	/	2 )	/	4247.23	*	365
=	804.1555					/	4247.23	*	365
=	69.11

Ciech's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2572.44	+	2310.521)	/	2 )	/	931.324	*	365 / 4
=	2441.4805					/	931.324	*	365 / 4
=	239.21

Ciech Days Payable Related Terms

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Ciech (WAR:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ciech SA (WAR:CIE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul Wspolna Street 62, Warsaw, POL, 00-684

Website

https://www.ciechgroup.com

Ciech SA manufactures and sells soda ash, glass, and chemical-based products. The firm's four segments are based on product type and function. The Soda segment, which generates the majority of revenue, sells soda ash used in the production of glass, detergents, and chemicals. Agro Segment is a manufacturer of crop protection products used in agriculture. The resins segment produces epoxy resins and polyester resins. Foams Segment is a producer of polyurethane foams, mainly used in the furniture industry for upholstered furniture and mattresses. Silicates Segment manufactures sodium silicates and potassium silicates. The packaging segment manufactures glass packaging lanterns and jars, used in the food industry and for the production of headstone lamps.

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