ArcelorMittal (ArcelorMittal) Days Payable : 18.94 (As of Dec. 2023)

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What is ArcelorMittal Days Payable?

ArcelorMittal's average Accounts Payable for the three months ended in Dec. 2023 was $12,780 Mil. ArcelorMittal's Cost of Goods Sold for the three months ended in Dec. 2023 was $61,566 Mil. Hence, ArcelorMittal's Days Payable for the three months ended in Dec. 2023 was 18.94.

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

MT' s Days Payable Range Over the Past 10 Years
Min: 56.76 Med: 75.1 Max: 94.1
Current: 76.68

During the past 13 years, ArcelorMittal's highest Days Payable was 94.10. The lowest was 56.76. And the median was 75.10.

MT's Days Payable is ranked better than
75.17% of 588 companies
in the Steel industry
Industry Median: 39.59 vs MT: 76.68

ArcelorMittal's Days Payable increased from Dec. 2022 (18.53) to Dec. 2023 (18.94). It may suggest that ArcelorMittal delayed paying its suppliers.

ArcelorMittal Days Payable Historical Data

The historical data trend for ArcelorMittal'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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ArcelorMittal Days Payable Chart

ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.46

89.65

83.35

75.45

75.86

ArcelorMittal 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															18.53	-	1,770.12	1,749.53	18.94

Competitive Comparison of ArcelorMittal's Days Payable

For the Steel subindustry, ArcelorMittal'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.

ArcelorMittal's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ArcelorMittal's Days Payable distribution charts can be found below:

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

ArcelorMittal 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.

ArcelorMittal'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
=	( (13166	+	13245)	/	2 )	/	63538	*	365
=	13205.5					/	63538	*	365
=	75.86

ArcelorMittal'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
=	( (12315	+	13245)	/	2 )	/	61566	*	365 / 4
=	12780					/	61566	*	365 / 4
=	18.94

ArcelorMittal Days Payable Related Terms

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ArcelorMittal (ArcelorMittal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (NYSE:MT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AMSYF:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.