Silgan Holdings (FRA:SL3) Days Payable : 70.87 (As of Dec. 2023)

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What is Silgan Holdings Days Payable?

Silgan Holdings's average Accounts Payable for the three months ended in Dec. 2023 was €799 Mil. Silgan Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,028 Mil. Hence, Silgan Holdings's Days Payable for the three months ended in Dec. 2023 was 70.87.

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

FRA:SL3' s Days Payable Range Over the Past 10 Years
Min: 42.77 Med: 67.74 Max: 74.89
Current: 60.94

During the past 13 years, Silgan Holdings's highest Days Payable was 74.89. The lowest was 42.77. And the median was 67.74.

FRA:SL3's Days Payable is ranked better than
53.53% of 368 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs FRA:SL3: 60.94

Silgan Holdings's Days Payable increased from Dec. 2022 (63.83) to Dec. 2023 (70.87). It may suggest that Silgan Holdings delayed paying its suppliers.

Silgan Holdings Days Payable Historical Data

The historical data trend for Silgan 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.

Silgan Holdings Days Payable Chart

Silgan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.78

71.95

72.05

69.29

75.94

Silgan 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	Get a 7-Day Free Trial															63.83	65.75	57.27	41.88	70.87

Competitive Comparison of Silgan Holdings's Days Payable

For the Packaging & Containers subindustry, Silgan 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.

Silgan Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Silgan Holdings's Days Payable distribution charts can be found below:

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

Silgan 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.

Silgan 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
=	( (919.484	+	986.612)	/	2 )	/	4581.008	*	365
=	953.048					/	4581.008	*	365
=	75.94

Silgan 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
=	( (610.916	+	986.612)	/	2 )	/	1028.459	*	365 / 4
=	798.764					/	1028.459	*	365 / 4
=	70.87

Silgan Holdings Days Payable Related Terms

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Silgan Holdings (FRA:SL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Silgan Holdings Inc (FRA:SL3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SLGN:USA

Address

4 Landmark Square, Suite 400, Stamford, CT, USA, 06901

Website

https://www.silganholdings.com

Silgan Holdings manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan's other business segments include plastic dispensers and containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.

Silgan Holdings (FRA:SL3) Headlines

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