AGC (ASGLY) Days Payable : 45.51 (As of Dec. 2023)

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What is AGC Days Payable?

AGC's average Accounts Payable for the three months ended in Dec. 2023 was $1,418 Mil. AGC's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,843 Mil. Hence, AGC's Days Payable for the three months ended in Dec. 2023 was 45.51.

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

ASGLY' s Days Payable Range Over the Past 10 Years
Min: 47.45 Med: 50.85 Max: 53.67
Current: 49.21

During the past 13 years, AGC's highest Days Payable was 53.67. The lowest was 47.45. And the median was 50.85.

ASGLY's Days Payable is ranked worse than
62.66% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs ASGLY: 49.21

AGC's Days Payable declined from Dec. 2022 (46.87) to Dec. 2023 (45.51). It may suggest that AGC accelerated paying its suppliers.

AGC Days Payable Historical Data

The historical data trend for AGC'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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AGC Days Payable Chart

AGC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.87

51.46

55.93

54.17

51.66

AGC 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															46.87	51.24	50.57	50.75	45.51

Competitive Comparison of AGC's Days Payable

For the Specialty Chemicals subindustry, AGC'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.

AGC's Days Payable Distribution in the Chemicals Industry

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

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

AGC 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.

AGC'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
=	( (1588.647	+	1434.67)	/	2 )	/	10681.219	*	365
=	1511.6585					/	10681.219	*	365
=	51.66

AGC'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
=	( (1401.481	+	1434.67)	/	2 )	/	2843.275	*	365 / 4
=	1418.0755					/	2843.275	*	365 / 4
=	45.51

AGC Days Payable Related Terms

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AGC (ASGLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (OTCPK:ASGLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASGLF:USA 5201:Japan SHJ:Germany

Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405

Website

https://www.agc.com

AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLY) Headlines

From GuruFocus

AGC: The World's Largest Glass Manufacturer

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2019