ElringKlinger AG (CHIX:ZIL2D) Days Payable

: 55.36 (As of Dec. 2023)

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ElringKlinger AG's average Accounts Payable for the three months ended in Dec. 2023 was €209 Mil. ElringKlinger AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €344 Mil. Hence, ElringKlinger AG's Days Payable for the three months ended in Dec. 2023 was 55.36.

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

CHIX:ZIL2d' s Days Payable Range Over the Past 10 Years
Min: 24.92 Med: 36.53 Max: 55.73
Current: 53.31

During the past 13 years, ElringKlinger AG's highest Days Payable was 55.73. The lowest was 24.92. And the median was 36.53.

CHIX:ZIL2d's Days Payable is ranked worse than
61.22% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs CHIX:ZIL2d: 53.31

ElringKlinger AG's Days Payable increased from Dec. 2022 (53.11) to Dec. 2023 (55.36). It may suggest that ElringKlinger AG delayed paying its suppliers.

ElringKlinger AG Days Payable Historical Data

The historical data trend for ElringKlinger 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.

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ElringKlinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.11

43.66

45.08

51.21

55.73

ElringKlinger 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	Get a 7-Day Free Trial															53.11	52.53	51.09	51.97	55.36

Competitive Comparison

For the Auto Parts subindustry, ElringKlinger 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.

ElringKlinger AG Days Payable Distribution

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

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

ElringKlinger 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.

ElringKlinger 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
=	( (224.102	+	216.931)	/	2 )	/	1444.314	*	365
=	220.5165					/	1444.314	*	365
=	55.73

ElringKlinger 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
=	( (200.745	+	216.931)	/	2 )	/	344.223	*	365 / 4
=	208.838					/	344.223	*	365 / 4
=	55.36

ElringKlinger AG Days Payable Related Terms

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ElringKlinger AG (CHIX:ZIL2D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ElringKlinger AG (CHIX:ZIL2d) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELLRY:USA EGKLF:USA 0MG5:UK ZIL2:Germany

Address

Max-Eyth-Strasse 2, Dettingen an der Erms, DEU, 72581

Website

https://www.elringklinger.com

ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market.

ElringKlinger AG (CHIX:ZIL2D) Headlines

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