Elementis (Elementis) Days Payable : 71.49 (As of Dec. 2023)

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What is Elementis Days Payable?

Elementis's average Accounts Payable for the six months ended in Dec. 2023 was $82.2 Mil. Elementis's Cost of Goods Sold for the six months ended in Dec. 2023 was $209.7 Mil. Hence, Elementis's Days Payable for the six months ended in Dec. 2023 was 71.49.

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

EMNSF' s Days Payable Range Over the Past 10 Years
Min: 45.23 Med: 57.53 Max: 68.38
Current: 68.38

During the past 13 years, Elementis's highest Days Payable was 68.38. The lowest was 45.23. And the median was 57.53.

EMNSF's Days Payable is ranked better than
57.18% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs EMNSF: 68.38

Elementis's Days Payable declined from Dec. 2022 (103.93) to Dec. 2023 (71.49). It may suggest that Elementis accelerated paying its suppliers.

Elementis Days Payable Historical Data

The historical data trend for Elementis'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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Elementis Days Payable Chart

Elementis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.73

55.86

64.77

63.32

57.20

Elementis Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															154.11	100.15	103.93	73.95	71.49

Competitive Comparison of Elementis's Days Payable

For the Specialty Chemicals subindustry, Elementis'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.

Elementis's Days Payable Distribution in the Chemicals Industry

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

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

Elementis 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.

Elementis'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
=	( (74	+	60.5)	/	2 )	/	429.1	*	365
=	67.25					/	429.1	*	365
=	57.20

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (103.8	+	60.5)	/	2 )	/	209.7	*	365 / 2
=	82.15					/	209.7	*	365 / 2
=	71.49

Elementis Days Payable Related Terms

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Elementis (Elementis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elementis PLC (OTCPK:EMNSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELMTY:USA ELMl:UK ELM:UK E3E:Germany

Address

55-57 High Holborn, Caroline House, London, GBR, WC1V 6DX

Website

https://www.elementis.com

Elementis PLC manufactures and sells a variety of chemicals and coatings. The firm organizes itself into five segments based on product type: personal care, coatings, talc, and chromium. These segments produce chemical modifiers and additives for their respective products and services, which include anti-perspirants, decorative and industrial coatings, plastics, chrome metal finishing, and oil and gas drilling. Most of the company's revenue comes from North America, and coatings are the company's largest segment.