Salzgitter AG (WBO:SZG) Days Payable

: 71.20 (As of Dec. 2023)

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Salzgitter AG's average Accounts Payable for the three months ended in Dec. 2023 was €1,307 Mil. Salzgitter AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,675 Mil. Hence, Salzgitter AG's Days Payable for the three months ended in Dec. 2023 was 71.20.

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

WBO:SZG' s Days Payable Range Over the Past 10 Years
Min: 59.07 Med: 67.28 Max: 75.79
Current: 62.14

During the past 13 years, Salzgitter AG's highest Days Payable was 75.79. The lowest was 59.07. And the median was 67.28.

WBO:SZG's Days Payable is ranked better than
65.76% of 587 companies
in the Steel industry
Industry Median: 40.23 vs WBO:SZG: 62.14

Salzgitter AG's Days Payable declined from Dec. 2022 (72.41) to Dec. 2023 (71.20). It may suggest that Salzgitter AG accelerated paying its suppliers.

Salzgitter AG Days Payable Historical Data

The historical data trend for Salzgitter 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.

Salzgitter AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

66.53

66.17

74.23

66.58

63.47

Salzgitter 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																72.41	57.67	54.98	65.13	71.20

Competitive Comparison

For the Steel subindustry, Salzgitter 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.

Salzgitter AG Days Payable Distribution

For the Steel industry and Basic Materials sector, Salzgitter AG's Days Payable distribution charts can be found below:

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

Salzgitter 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.

Salzgitter 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
=	( (1331.8	+	1247.6)	/	2 )	/	7417.3	*	365
=	1289.7					/	7417.3	*	365
=	63.47

Salzgitter 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
=	( (1366.9	+	1247.6)	/	2 )	/	1675.3	*	365 / 4
=	1307.25					/	1675.3	*	365 / 4
=	71.20

Salzgitter AG Days Payable Related Terms

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Salzgitter AG (WBO:SZG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salzgitter AG (WBO:SZG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SZGPY:USA SZGd:UK 0G77:UK SZG:Germany

Address

Eisenhüttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.

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