CLOEF (Cloetta AB) Days Payable : 39.82 (As of Dec. 2024)

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What is Cloetta AB Days Payable?

Cloetta AB's average Accounts Payable for the three months ended in Dec. 2024 was $59.0 Mil. Cloetta AB's Cost of Goods Sold for the three months ended in Dec. 2024 was $135.2 Mil. Hence, Cloetta AB's Days Payable for the three months ended in Dec. 2024 was 39.82.

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

CLOEF' s Days Payable Range Over the Past 10 Years
Min: 41.19 Med: 46.98 Max: 65.69
Current: 43.35

During the past 13 years, Cloetta AB's highest Days Payable was 65.69. The lowest was 41.19. And the median was 46.98.

CLOEF's Days Payable is ranked worse than
52.95% of 1830 companies
in the Consumer Packaged Goods industry
Industry Median: 45.74 vs CLOEF: 43.35

Cloetta AB's Days Payable declined from Dec. 2023 (43.21) to Dec. 2024 (39.82). It may suggest that Cloetta AB accelerated paying its suppliers.

Cloetta AB Days Payable Historical Data

The historical data trend for Cloetta 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.

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Cloetta AB Days Payable Chart

Cloetta AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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44.68

48.47

45.25

40.98

44.96

Cloetta AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															43.21	45.86	-	-	39.82

Competitive Comparison of Cloetta AB's Days Payable

For the Confectioners subindustry, Cloetta 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.

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

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

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

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Cloetta 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.

Cloetta AB's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (69.899	+	58.99)	/	2 )	/	523.168	*	365
=	64.4445					/	523.168	*	365
=	44.96

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

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0	+	58.99)	/	1 )	/	135.184	*	365 / 4
=	58.99					/	135.184	*	365 / 4
=	39.82

Cloetta AB Days Payable Related Terms

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Cloetta AB Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CLA B:Sweden 0N7X:UK 0CL:Germany

Address

Landsvagen 50A, Box 2052, Sundbyberg, SWE, 174 02

Website

http://www.cloetta.com

Cloetta AB is a confectionary company in Northern Europe. Its products are sold in more than fifty countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany, and the UK as the main markets. The company's brand portfolio includes Lakerol, Cloetta, CandyKing, Jenkki, Kexchoklad, Malaco, Sportlife, and Red Band. Cloetta has approx. seven production units in five countries.