Elastron (ATH:ELSTR) Days Payable : 46.01 (As of Jun. 2023)

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What is Elastron Days Payable?

Elastron's average Accounts Payable for the six months ended in Jun. 2023 was €20.0 Mil. Elastron's Cost of Goods Sold for the six months ended in Jun. 2023 was €79.5 Mil. Hence, Elastron's Days Payable for the six months ended in Jun. 2023 was 46.01.

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

ATH:ELSTR' s Days Payable Range Over the Past 10 Years
Min: 13.98 Med: 45.61 Max: 80.12
Current: 39.13

During the past 13 years, Elastron's highest Days Payable was 80.12. The lowest was 13.98. And the median was 45.61.

ATH:ELSTR's Days Payable is ranked worse than
52.05% of 586 companies
in the Steel industry
Industry Median: 41.43 vs ATH:ELSTR: 39.13

Elastron's Days Payable increased from Jun. 2022 (40.65) to Jun. 2023 (46.01). It may suggest that Elastron delayed paying its suppliers.

Elastron Days Payable Historical Data

The historical data trend for Elastron'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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Elastron Days Payable Chart

Elastron Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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21.26

35.91

48.25

48.76

59.41

Elastron Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															25.63	41.13	40.65	41.73	46.01

Competitive Comparison of Elastron's Days Payable

For the Steel subindustry, Elastron'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.

Elastron's Days Payable Distribution in the Steel Industry

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

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

Elastron 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.

Elastron's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (25.266	+	24.716)	/	2 )	/	153.551	*	365
=	24.991					/	153.551	*	365
=	59.41

Elastron's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (24.716	+	15.372)	/	2 )	/	79.509	*	365 / 2
=	20.044					/	79.509	*	365 / 2
=	46.01

Elastron Days Payable Related Terms

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Elastron (ATH:ELSTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Elastron SA (ATH:ELSTR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Agios Loannis Avenue, Aspropyrgos, GRC, 193 00

Website

http://www.elastron.gr

Elastron SA is a Greece based company engaged in importing, processing, and trading of steel, steel plates, iron and metal goods, and related goods. The business segments are Steel products, Energy segment, and Agricultural products. The company processes, produces and resells steel products and insulated composite panels in Steel products segment. Electrical energy segment includes production of electric energy from photovoltaic stations. Agricultural products segment consists production of agricultural products from glasshouse cultivations. The group generates majority of the revenue from the Steel products segment. It makes sales in Greece, and internationally, of which sales in Greece constitutes mainly to the revenue.

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