AK Steel Holding (AK Steel Holding) Days Payable : 47.52 (As of Dec. 2019)

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What is AK Steel Holding Days Payable?

AK Steel Holding's average Accounts Payable for the three months ended in Dec. 2019 was $691 Mil. AK Steel Holding's Cost of Goods Sold for the three months ended in Dec. 2019 was $1,326 Mil. Hence, AK Steel Holding's Days Payable for the three months ended in Dec. 2019 was 47.52.

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

AKS's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 39.59
* Ranked among companies with meaningful Days Payable only.

AK Steel Holding's Days Payable declined from Dec. 2018 (49.60) to Dec. 2019 (47.52). It may suggest that AK Steel Holding accelerated paying its suppliers.

AK Steel Holding Days Payable Historical Data

The historical data trend for AK Steel Holding'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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AK Steel Holding Days Payable Chart

AK Steel Holding Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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45.58

46.28

44.48

46.05

49.03

AK Steel Holding Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Payable	Get a 7-Day Free Trial															49.60	48.86	47.25	47.04	47.52

Competitive Comparison of AK Steel Holding's Days Payable

For the Steel subindustry, AK Steel Holding'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.

AK Steel Holding's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where AK Steel Holding's Days Payable falls into.

AK Steel Holding 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.

AK Steel Holding's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (801	+	705.1)	/	2 )	/	5606.3	*	365
=	753.05					/	5606.3	*	365
=	49.03

AK Steel Holding's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

	Days Payable (Q: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2019 )	+	Accounts Payable (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (676	+	705.1)	/	2 )	/	1325.9	*	365 / 4
=	690.55					/	1325.9	*	365 / 4
=	47.52

AK Steel Holding Days Payable Related Terms

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AK Steel Holding (AK Steel Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » AK Steel Holding Corp (NYSE:AKS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9227 Centre Pointe Drive, West Chester, OH, USA, 45069

Website

http://www.aksteel.com

AK Steel's operations consist of steelmaking and finishing plants in Indiana, Kentucky, Michigan, Ohio, and Pennsylvania, in the United States. The company manufactures flat-rolled, carbon, electrical, and stainless steel, as well as tubular products for the automotive, construction, appliance, and machinery end markets.

Executives

Dennis C Cuneo	director	9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Sheri H. Edison	director	1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Gregory B Kenny	director	4 TESSENEER DR, HIGHLAND HEIGHTS KY 41076
Roger K Newport	director, officer: Chief Executive Officer	703 CURTIS STREET, MIDDLETOWN OH 45043
Arlene M Yocum	director	99 PINE STREET, ALBANY NY 12207
Michael Ralph S Iii	director, other: Chairman of the Board
Dwayne Andree Wilson	director	6700 LAS COLINAS BOULEVARD, IRVING TX 75039
William K Gerber	director	999 WEST BIG BEAVER ROAD, TROY MI 48084
Jaime Vasquez	officer: VP Finance and CFO	9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Robert H Jenkins	director	PO BOX 7003, ROCKFORD IL 61125-7003
John S Brinzo	director	1100 SUPERIOR AVE, CLEVELAND OH 44114
Richard A Abdoo	director	N93 W14475 WHITTAKER WAY, MENOMONEE FALLS WI 53051
James L Wainscott	director, other: Chairman of the Board	C/O AK STEEL HOLDING CORP, 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Shirley D Peterson	director	C/O AK STEEL HOLDING CORP., 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Bonnie Guiton Hill	director	1721 FIRST STREET, SAN JOSE CA 95112