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Steelcase Days Payable

: 41.59 (As of May. 2022)
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Steelcase's average Accounts Payable for the three months ended in May. 2022 was $250 Mil. Steelcase's Cost of Goods Sold for the three months ended in May. 2022 was $549 Mil. Hence, Steelcase's Days Payable for the three months ended in May. 2022 was 41.59.

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

SCS' s Days Payable Range Over the Past 10 Years
Min: 35.32   Med: 36.91   Max: 42.37
Current: 40.32

During the past 13 years, Steelcase's highest Days Payable was 42.37. The lowest was 35.32. And the median was 36.91.

SCS's Days Payable is ranked worse than
81.32% of 2693 companies
in the Industrial Products industry
Industry Median: 76.19 vs SCS: 40.32

Steelcase's Days Payable declined from May. 2021 (43.21) to May. 2022 (41.59). It may suggest that Steelcase accelerated paying its suppliers.


Steelcase Days Payable Historical Data

The historical data trend for Steelcase'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.

Steelcase Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Days Payable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.16 35.98 35.32 42.37 38.56

Steelcase Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.21 38.20 42.01 41.09 41.59

Competitive Comparison

For the Business Equipment & Supplies subindustry, Steelcase'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.

   

Steelcase Days Payable Distribution

For the Industrial Products industry and Industrials sector, Steelcase's Days Payable distribution charts can be found below:

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



Steelcase 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.

Steelcase's Days Payable for the fiscal year that ended in Feb. 2022 is calculated as

Days Payable (A: Feb. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2021 ) + Accounts Payable (A: Feb. 2022 )) / count ) / Cost of Goods Sold (A: Feb. 2022 )*Days in Period
=( (181.3 + 243.6) / 2 ) / 2011.2*365
=212.45 / 2011.2*365
=38.56

Steelcase's Days Payable for the quarter that ended in May. 2022 is calculated as:

Days Payable (Q: May. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Feb. 2022 ) + Accounts Payable (Q: May. 2022 )) / count ) / Cost of Goods Sold (Q: May. 2022 )*Days in Period
=( (243.6 + 256.9) / 2 ) / 549.1*365 / 4
=250.25 / 549.1*365 / 4
=41.59

* 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.


Steelcase Days Payable Related Terms

Thank you for viewing the detailed overview of Steelcase's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Steelcase Business Description

Steelcase logo
Traded in Other Exchanges
Address
901 44th Street SE, Grand Rapids, MI, USA, 49508
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.
Executives
Miller Steven Douglas officer: VP, Chief Technology Officer 901 44TH STREET SE GRAND RAPIDS MI 49508
Zondervan Robin L officer: Corporate Controller and CAO 901 44TH STREET SE GRAND RAPIDS MI 49508
Williams Linda K director 901 44TH STREET SE GRAND RAPIDS MI 49508
Flynn Donna K officer: VP, Global Talent Management 901 44TH STREET SE GRAND RAPIDS MI 49508
Schmelter Triona director 2021 SPRING ROAD SUITE 600 OAK BROOK IL 60523
Niemann Jennifer C director 901 44TH STREET SE GRAND RAPIDS MI 49508
Kelsey Todd P. director 55 JEWELERS PARK DRIVE NEENAH WI 54956
Brown Timothy C. E. director 901 44TH STREET SE GRAND RAPIDS MI 49508
Krestakos Robert G officer: VP, Global Operations 901 44TH STREET SE GRAND RAPIDS MI 49508
Lenhardt Terrence J officer: VP, Chief Information Officer 901 44TH STREET SE GRAND RAPIDS MI 49508
Moutrey Gale officer: VP, Communications 901 44TH STREET SE GRAND RAPIDS MI 49508
Khorramian Hamid officer: Senior VP, Global Operations 901 - 44TH STREET, SE GRAND RAPIDS MI 49508
Schmitt Eddy F officer: Senior VP, Americas 901 44TH STREET SE GRAND RAPIDS MI 49508
Alvarez Guillaume M officer: Senior VP, EMEA 901 44TH STREET SE GRAND RAPIDS MI 49508
Ludwig James N officer: VP, Global Design & Prod Eng 901 44TH STREET SE GRAND RAPIDS MI 49508

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