AAK AB (AAK AB) Days Payable : 44.11 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is AAK AB Days Payable?

AAK AB's average Accounts Payable for the three months ended in Mar. 2024 was $368.11 Mil. AAK AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $761.58 Mil. Hence, AAK AB's Days Payable for the three months ended in Mar. 2024 was 44.11.

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

AARHY' s Days Payable Range Over the Past 10 Years
Min: 48.64 Med: 55.07 Max: 62.92
Current: 44.9

During the past 13 years, AAK AB's highest Days Payable was 62.92. The lowest was 48.64. And the median was 55.07.

AARHY's Days Payable is ranked worse than
51.09% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.76 vs AARHY: 44.90

AAK AB's Days Payable declined from Mar. 2023 (45.63) to Mar. 2024 (44.11). It may suggest that AAK AB accelerated paying its suppliers.

AAK AB Days Payable Historical Data

The historical data trend for AAK AB'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.

AAK AB Days Payable Chart

AAK AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

54.18

58.84

63.74

53.14

48.31

AAK AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															45.63	46.63	45.49	44.04	44.11

Competitive Comparison of AAK AB's Days Payable

For the Packaged Foods subindustry, AAK AB'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.

AAK AB's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Days Payable distribution charts can be found below:

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

AAK AB 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.

AAK AB'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
=	( (514.261	+	370.847)	/	2 )	/	3343.472	*	365
=	442.554					/	3343.472	*	365
=	48.31

AAK AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (370.847	+	365.372)	/	2 )	/	761.576	*	365 / 4
=	368.1095					/	761.576	*	365 / 4
=	44.11

AAK AB Days Payable Related Terms

Thank you for viewing the detailed overview of AAK AB's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

AAK AB (AAK AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AAK AB (OTCPK:AARHY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AAK:Sweden AAKs:UK 0A0J:UK 6AA0:Germany

Address

Skrivaregatan 9, Malmo, SWE, SE-215 32

Website

https://www.aak.com

AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.