HP (LTS:0J2E) Days Payable

: 120.97 (As of Jan. 2024)

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HP's average Accounts Payable for the three months ended in Jan. 2024 was $13,651 Mil. HP's Cost of Goods Sold for the three months ended in Jan. 2024 was $10,297 Mil. Hence, HP's Days Payable for the three months ended in Jan. 2024 was 120.97.

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

LTS:0J2E' s Days Payable Range Over the Past 10 Years
Min: 99.05 Med: 113.32 Max: 126.89
Current: 120.1

During the past 13 years, HP's highest Days Payable was 126.89. The lowest was 99.05. And the median was 113.32.

LTS:0J2E's Days Payable is ranked better than
77.69% of 2420 companies
in the Hardware industry
Industry Median: 67.955 vs LTS:0J2E: 120.10

HP's Days Payable increased from Jan. 2023 (119.40) to Jan. 2024 (120.97). It may suggest that HP delayed paying its suppliers.

HP Days Payable Historical Data

The historical data trend for HP'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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HP Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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113.56

116.48

112.22

113.07

126.89

HP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															119.40	122.60	120.68	118.65	120.97

Competitive Comparison

For the Computer Hardware subindustry, HP'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.

HP Days Payable Distribution

For the Hardware industry and Technology sector, HP's Days Payable distribution charts can be found below:

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

HP 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.

HP's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (15303	+	14046)	/	2 )	/	42210	*	365
=	14674.5					/	42210	*	365
=	126.89

HP's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (14046	+	13255)	/	2 )	/	10297	*	365 / 4
=	13650.5					/	10297	*	365 / 4
=	120.97

HP Days Payable Related Terms

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HP (LTS:0J2E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HP Inc (LTS:0J2E) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HPQ:USA HPQ:Mexico 1HPQ:Italy 7HP:Germany HPQB34:Brazil HPQ:Austria HPQ:Argentina

Address

1501 Page Mill Road, Palo Alto, CA, USA, 94304

Website

https://www.hp.com

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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