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KONE Oyj (CHIX:KNEBVH) Days Payable : 36.87 (As of Sep. 2024)


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What is KONE Oyj Days Payable?

KONE Oyj's average Accounts Payable for the three months ended in Sep. 2024 was €954 Mil. KONE Oyj's Cost of Goods Sold for the three months ended in Sep. 2024 was €2,361 Mil. Hence, KONE Oyj's Days Payable for the three months ended in Sep. 2024 was 36.87.

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

CHIX:KNEBVh' s Days Payable Range Over the Past 10 Years
Min: 32.11   Med: 48.21   Max: 82.91
Current: 67.21

During the past 13 years, KONE Oyj's highest Days Payable was 82.91. The lowest was 32.11. And the median was 48.21.

CHIX:KNEBVh's Days Payable is ranked worse than
56.26% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs CHIX:KNEBVh: 67.21

KONE Oyj's Days Payable increased from Sep. 2023 (36.11) to Sep. 2024 (36.87). It may suggest that KONE Oyj delayed paying its suppliers.


KONE Oyj Days Payable Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Days Payable Chart

KONE Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.54 65.92 78.74 82.91 73.67

KONE Oyj Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.11 - 36.00 34.26 36.87

Competitive Comparison of KONE Oyj's Days Payable

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.


KONE Oyj's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Days Payable distribution charts can be found below:

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



KONE Oyj 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.

KONE Oyj'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
=( (1132.8 + 927) / 2 ) / 5102.6*365
=1029.9 / 5102.6*365
=73.67

KONE Oyj's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (962.8 + 945.1) / 2 ) / 2360.7*365 / 4
=953.95 / 2360.7*365 / 4
=36.87

* 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.


KONE Oyj Days Payable Related Terms

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KONE Oyj Business Description

Address
Keilasatama 3, P.O. Box 7, Espoo, FIN, 02150
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

KONE Oyj Headlines

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