Albemarle (WBO:ALBE) Days Payable

: 50.54 (As of Dec. 2023)

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Albemarle's average Accounts Payable for the three months ended in Dec. 2023 was €1,554 Mil. Albemarle's Cost of Goods Sold for the three months ended in Dec. 2023 was €2,806 Mil. Hence, Albemarle's Days Payable for the three months ended in Dec. 2023 was 50.54.

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

WBO:ALBE' s Days Payable Range Over the Past 10 Years
Min: 43.74 Med: 73.04 Max: 91.74
Current: 74.48

During the past 13 years, Albemarle's highest Days Payable was 91.74. The lowest was 43.74. And the median was 73.04.

WBO:ALBE's Days Payable is ranked better than
62.61% of 1503 companies
in the Chemicals industry
Industry Median: 60.28 vs WBO:ALBE: 74.48

Albemarle's Days Payable declined from Dec. 2022 (92.99) to Dec. 2023 (50.54). It may suggest that Albemarle accelerated paying its suppliers.

Albemarle Days Payable Historical Data

The historical data trend for Albemarle'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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Albemarle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

84.88

95.08

82.19

90.12

67.46

Albemarle Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																92.99	115.78	94.17	75.71	50.54

Competitive Comparison

For the Specialty Chemicals subindustry, Albemarle'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.

Albemarle Days Payable Distribution

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

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

Albemarle 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.

Albemarle'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
=	( (1447.741	+	1410.217)	/	2 )	/	7731.496	*	365
=	1428.979					/	7731.496	*	365
=	67.46

Albemarle'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
=	( (1698.001	+	1410.217)	/	2 )	/	2806.219	*	365 / 4
=	1554.109					/	2806.219	*	365 / 4
=	50.54

Albemarle Days Payable Related Terms

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Albemarle (WBO:ALBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Albemarle Corp (WBO:ALBE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ALB:USA ALB:Mexico AMC:Germany A1LB34:Brazil

Address

4250 Congress Street, Suite 900, Charlotte, NC, USA, 28209

Website

https://www.albemarle.com

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

Albemarle (WBO:ALBE) Headlines

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