adidas AG (adidas AG) Days Payable

: 72.69 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

adidas AG's average Accounts Payable for the three months ended in Dec. 2023 was $2,315 Mil. adidas AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,906 Mil. Hence, adidas AG's Days Payable for the three months ended in Dec. 2023 was 72.69.

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

ADDYY' s Days Payable Range Over the Past 10 Years
Min: 73.94 Med: 81.06 Max: 100.89
Current: 74.71

During the past 13 years, adidas AG's highest Days Payable was 100.89. The lowest was 73.94. And the median was 81.06.

ADDYY's Days Payable is ranked better than
64.22% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs ADDYY: 74.71

adidas AG's Days Payable declined from Dec. 2022 (86.97) to Dec. 2023 (72.69). It may suggest that adidas AG accelerated paying its suppliers.

adidas AG Days Payable Historical Data

The historical data trend for adidas 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.

* Premium members only.

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

81.35

96.25

84.85

82.35

82.79

adidas AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																86.97	78.04	74.52	63.80	72.69

Competitive Comparison

For the Footwear & Accessories subindustry, adidas 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.

adidas AG Days Payable Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Days Payable distribution charts can be found below:

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

adidas 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.

adidas AG'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
=	( (3080.508	+	2482.007)	/	2 )	/	12261.723	*	365
=	2781.2575					/	12261.723	*	365
=	82.79

adidas AG'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
=	( (2148.346	+	2482.007)	/	2 )	/	2906.216	*	365 / 4
=	2315.1765					/	2906.216	*	365 / 4
=	72.69

adidas AG Days Payable Related Terms

Thank you for viewing the detailed overview of adidas AG's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

adidas AG (adidas AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (OTCPK:ADDYY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ADDDF:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Germany ADS1:Germany ADS:Germany ADS:Germany ADS1:Germany ADS:Germany ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.