Ardagh Metal Packaging (Ardagh Metal Packaging) Days Payable : 91.97 (As of Mar. 2024)

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What is Ardagh Metal Packaging Days Payable?

Ardagh Metal Packaging's average Accounts Payable for the three months ended in Mar. 2024 was $1,026 Mil. Ardagh Metal Packaging's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,018 Mil. Hence, Ardagh Metal Packaging's Days Payable for the three months ended in Mar. 2024 was 91.97.

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

AMBP' s Days Payable Range Over the Past 10 Years
Min: 81.22 Med: 89.08 Max: 90.87
Current: 90.87

During the past 5 years, Ardagh Metal Packaging's highest Days Payable was 90.87. The lowest was 81.22. And the median was 89.08.

AMBP's Days Payable is ranked better than
76.9% of 368 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs AMBP: 90.87

Ardagh Metal Packaging's Days Payable declined from Mar. 2023 (96.36) to Mar. 2024 (91.97). It may suggest that Ardagh Metal Packaging accelerated paying its suppliers.

Ardagh Metal Packaging Days Payable Historical Data

The historical data trend for Ardagh Metal Packaging'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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Ardagh Metal Packaging Days Payable Chart

Ardagh Metal Packaging Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

81.22

87.67

90.57

90.49

Ardagh Metal Packaging Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												96.36	91.13	90.77	94.41	91.97

Competitive Comparison of Ardagh Metal Packaging's Days Payable

For the Packaging & Containers subindustry, Ardagh Metal Packaging'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.

Ardagh Metal Packaging's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ardagh Metal Packaging's Days Payable distribution charts can be found below:

* The bar in red indicates where Ardagh Metal Packaging's Days Payable falls into.

Ardagh Metal Packaging 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.

Ardagh Metal Packaging'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
=	( (1060	+	1091)	/	2 )	/	4338	*	365
=	1075.5					/	4338	*	365
=	90.49

Ardagh Metal Packaging'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
=	( (1091	+	961)	/	2 )	/	1018	*	365 / 4
=	1026					/	1018	*	365 / 4
=	91.97

Ardagh Metal Packaging Days Payable Related Terms

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Ardagh Metal Packaging (Ardagh Metal Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ardagh Metal Packaging SA (NYSE:AMBP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7JZ:Germany

Address

56, Rue Charles Martel, Luxembourg, LUX, L-2134

Website

https://www.ardaghmetalpackaging.com

Ardagh Metal Packaging SA is a supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. The company's segment includes Europe and the Americas. It derives a majority of its revenue from the Americas.