STMicroelectronics NV (STMicroelectronics NV) Days Payable : 66.71 (As of Dec. 2023)

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What is STMicroelectronics NV Days Payable?

STMicroelectronics NV's average Accounts Payable for the three months ended in Dec. 2023 was $1,706 Mil. STMicroelectronics NV's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,333 Mil. Hence, STMicroelectronics NV's Days Payable for the three months ended in Dec. 2023 was 66.71.

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

STM' s Days Payable Range Over the Past 10 Years
Min: 42.07 Med: 58.64 Max: 81.94
Current: 78.31

During the past 13 years, STMicroelectronics NV's highest Days Payable was 81.94. The lowest was 42.07. And the median was 58.64.

STM's Days Payable is ranked better than
69.96% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs STM: 78.31

STMicroelectronics NV's Days Payable declined from Dec. 2022 (78.38) to Dec. 2023 (66.71). It may suggest that STMicroelectronics NV accelerated paying its suppliers.

STMicroelectronics NV Days Payable Historical Data

The historical data trend for STMicroelectronics NV'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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STMicroelectronics NV Days Payable Chart

STMicroelectronics NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.14

60.06

67.45

79.59

80.67

STMicroelectronics NV 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															78.38	90.03	84.45	69.66	66.71

Competitive Comparison of STMicroelectronics NV's Days Payable

For the Semiconductors subindustry, STMicroelectronics NV'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.

STMicroelectronics NV's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, STMicroelectronics NV's Days Payable distribution charts can be found below:

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

STMicroelectronics NV 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.

STMicroelectronics NV'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
=	( (2122	+	1856)	/	2 )	/	8999	*	365
=	1989					/	8999	*	365
=	80.67

STMicroelectronics NV'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
=	( (1555	+	1856)	/	2 )	/	2333	*	365 / 4
=	1705.5					/	2333	*	365 / 4
=	66.71

STMicroelectronics NV Days Payable Related Terms

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STMicroelectronics NV (STMicroelectronics NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » STMicroelectronics NV (NYSE:STM) » Definitions » Days Payable

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Traded in Other Exchanges

STMEF:USA STM:Mexico STMMI:Italy STMMIm:UK 0INB:UK STMPA:France SGM:Germany SGMR:Germany SGM:Germany SGM:Germany SGMR:Germany SGM:Germany STMN34:Brazil STMI:Austria

Address

39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, CHE, 1228

Website

https://www.st.com

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicroelectronics is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. It is an especially prominent chip supplier to the industrial and automotive industries.