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Bic (BICEF) Days Payable : 56.00 (As of Jun. 2023)


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What is Bic Days Payable?

Bic's average Accounts Payable for the six months ended in Jun. 2023 was $198 Mil. Bic's Cost of Goods Sold for the six months ended in Jun. 2023 was $646 Mil. Hence, Bic's Days Payable for the six months ended in Jun. 2023 was 56.00.

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

BICEF' s Days Payable Range Over the Past 10 Years
Min: 42.46   Med: 47.52   Max: 58.9
Current: 58.9

During the past 13 years, Bic's highest Days Payable was 58.90. The lowest was 42.46. And the median was 47.52.

BICEF's Days Payable is ranked better than
64% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs BICEF: 58.90

Bic's Days Payable declined from Jun. 2022 (58.39) to Jun. 2023 (56.00). It may suggest that Bic accelerated paying its suppliers.

Bic Days Payable Historical Data

The historical data trend for Bic'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.

Bic Days Payable Chart

Bic Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.34 50.20 46.39 51.90 53.71

Bic Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Payable Get a 7-Day Free Trial 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 55.16 65.21 58.39 59.59 56.00

Competitive Comparison of Bic's Days Payable

For the Household & Personal Products subindustry, Bic'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.

Bic's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bic's Days Payable distribution charts can be found below:

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


Bic 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.

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

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (168.536 + 191.852) / 2 ) / 1224.501*365
=180.194 / 1224.501*365
=53.71

Bic's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (191.852 + 204.509) / 2 ) / 645.885*365 / 2
=198.1805 / 645.885*365 / 2
=56.00

* 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.

Bic Days Payable Related Terms

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

Bic (BICEF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bic (OTCPK:BICEF) » Definitions » Days Payable
Comparable Companies
XPAR:ITP XPAR:JBOG XPAR:MLSDN XPAR:ALMAS PG XPAR:OR LSE:ULVR CL BOM:500696 EL KMB KVUE LSE:RKT XTER:BEI XTER:HEN3 XAMS:DSFIR CHD CLX TSE:8113 TSE:4452
Traded in Other Exchanges
BICEY:USA 0MGP:UK BB:France BIF:Germany
Address
14 rue Jeanne-d'Asnieres, Clichy Cedex, Paris, FRA, 92611
Website
http://www.bic.com
Bic SA manufactures and markets writing instruments, lighters, shavers, advertising, and promotional products in France and globally. The company offers its products through various channels stationery stores, office supplies companies, convenience stores, distributors, wholesalers, cash-and-carry stores, e-commerce. Its main well-known brands are BIC, BIC Kids, BIC Graphic, BIC Matic, BIC Tipp-Ex, Wite-Out, Ecolutions, and Cello. By net sales, the biggest market is North America, followed by Europe and the developing markets (Middle East, Africa, Latin America, and Asia).