Krones AG (Krones AG) Days Payable

: 95.62 (As of Dec. 2023)

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Krones AG's average Accounts Payable for the three months ended in Dec. 2023 was $749 Mil. Krones AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $714 Mil. Hence, Krones AG's Days Payable for the three months ended in Dec. 2023 was 95.62.

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

KRNNF' s Days Payable Range Over the Past 10 Years
Min: 51.99 Med: 82.66 Max: 107.71
Current: 103.24

During the past 13 years, Krones AG's highest Days Payable was 107.71. The lowest was 51.99. And the median was 82.66.

KRNNF's Days Payable is ranked better than
64.73% of 2929 companies
in the Industrial Products industry
Industry Median: 75.91 vs KRNNF: 103.24

Krones AG's Days Payable increased from Dec. 2022 (90.06) to Dec. 2023 (95.62). It may suggest that Krones AG delayed paying its suppliers.

Krones AG Days Payable Historical Data

The historical data trend for Krones AG'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.

Krones AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

87.85

87.65

94.25

108.99

106.21

Krones AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																90.06	104.23	108.77	99.65	95.62

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Krones AG'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.

Krones AG Days Payable Distribution

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

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

Krones AG 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.

Krones AG'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
=	( (724.776	+	788.619)	/	2 )	/	2600.387	*	365
=	756.6975					/	2600.387	*	365
=	106.21

Krones AG'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
=	( (708.645	+	788.619)	/	2 )	/	714.455	*	365 / 4
=	748.632					/	714.455	*	365 / 4
=	95.62

Krones AG Days Payable Related Terms

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Krones AG (Krones AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Krones AG (OTCPK:KRNNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KRNTY:USA KRNd:UK 0LQ4:UK KRN:Germany

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (Krones AG) Headlines

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