KION GROUP AG (WBO:KGX) Days Payable

: 46.55 (As of Dec. 2023)

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KION GROUP AG's average Accounts Payable for the three months ended in Dec. 2023 was €1,198 Mil. KION GROUP AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €2,348 Mil. Hence, KION GROUP AG's Days Payable for the three months ended in Dec. 2023 was 46.55.

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

WBO:KGX' s Days Payable Range Over the Past 10 Years
Min: 48.9 Med: 55.56 Max: 62.28
Current: 52.38

During the past 13 years, KION GROUP AG's highest Days Payable was 62.28. The lowest was 48.90. And the median was 55.56.

WBO:KGX's Days Payable is ranked worse than
72.2% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs WBO:KGX: 52.38

KION GROUP AG's Days Payable declined from Dec. 2022 (52.53) to Dec. 2023 (46.55). It may suggest that KION GROUP AG accelerated paying its suppliers.

KION GROUP AG Days Payable Historical Data

The historical data trend for KION GROUP 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 52.99 [6] => 54.67 [7] => 55.29 [8] => 52.01 [9] => 48.90 )

KION GROUP AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

52.99

54.67

55.29

52.01

48.90

KION GROUP 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																52.53	52.25	56.82	58.31	46.55

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, KION GROUP 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.

KION GROUP AG Days Payable Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Days Payable distribution charts can be found below:

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

KION GROUP 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.

KION GROUP 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
=	( (1124.3	+	1194)	/	2 )	/	8652.5	*	365
=	1159.15					/	8652.5	*	365
=	48.90

KION GROUP 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
=	( (1201.3	+	1194)	/	2 )	/	2347.5	*	365 / 4
=	1197.65					/	2347.5	*	365 / 4
=	46.55

KION GROUP AG Days Payable Related Terms

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KION GROUP AG (WBO:KGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (WBO:KGX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KNNGF:USA KIGRY:USA 1KGX:Italy 0QFU:UK KGX:Germany

Address

Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549

Website

https://www.kiongroup.com

Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.

KION GROUP AG (WBO:KGX) Headlines

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