Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Days Payable

: 17.93 (As of Dec. 2023)

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Clear Channel Outdoor Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $59 Mil. Clear Channel Outdoor Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $302 Mil. Hence, Clear Channel Outdoor Holdings's Days Payable for the three months ended in Dec. 2023 was 17.93.

The historical rank and industry rank for Clear Channel Outdoor Holdings's Days Payable or its related term are showing as below:

CCO' s Days Payable Range Over the Past 10 Years
Min: 18.49 Med: 24.55 Max: 43.15
Current: 20.5

During the past 13 years, Clear Channel Outdoor Holdings's highest Days Payable was 43.15. The lowest was 18.49. And the median was 24.55.

CCO's Days Payable is ranked worse than
87.43% of 923 companies
in the Media - Diversified industry
Industry Median: 82.44 vs CCO: 20.50

Clear Channel Outdoor Holdings's Days Payable declined from Dec. 2022 (26.25) to Dec. 2023 (17.93). It may suggest that Clear Channel Outdoor Holdings accelerated paying its suppliers.

Clear Channel Outdoor Holdings Days Payable Historical Data

The historical data trend for Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

26.18

29.74

43.15

33.82

22.88

Clear Channel Outdoor Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																26.25	21.16	21.46	22.16	17.93

Competitive Comparison

For the Advertising Agencies subindustry, Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings Days Payable Distribution

For the Media - Diversified industry and Communication Services sector, Clear Channel Outdoor Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Clear Channel Outdoor Holdings's Days Payable falls into.

Clear Channel Outdoor Holdings 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.

Clear Channel Outdoor Holdings'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
=	( (73.429	+	63.587)	/	2 )	/	1092.686	*	365
=	68.508					/	1092.686	*	365
=	22.88

Clear Channel Outdoor Holdings'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
=	( (55.31	+	63.587)	/	2 )	/	302.48	*	365 / 4
=	59.4485					/	302.48	*	365 / 4
=	17.93

Clear Channel Outdoor Holdings Days Payable Related Terms

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Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Clear Channel Outdoor Holdings Inc (NYSE:CCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

C7C1:Germany

Address

4830 North Loop 1604 West, Suite 111, San Antonio, TX, USA, 78249

Website

https://www.clearchanneloutdoor.com

Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America; Airports; Europe-North and Europe-South. The company generates maximum revenue from the America segment. The America segment serves markets throughout the U.S., with over 90% of its revenue generated from billboard displays.

Executives

Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii A (de) Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Justin Cochrane	officer: CEO, UK & Europe	4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Ares Voting Llc	10 percent owner	C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Holdings L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Ares Management Corp	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Asof Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT LLC, LOS ANGELES CA 90067
Assf Iv Aiv B Holdings Iii, L.p.	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067