ESI (Element Solutions) Days Payable : 30.78 (As of Dec. 2024)

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What is Element Solutions Days Payable?

Element Solutions's average Accounts Payable for the three months ended in Dec. 2024 was $124 Mil. Element Solutions's Cost of Goods Sold for the three months ended in Dec. 2024 was $368 Mil. Hence, Element Solutions's Days Payable for the three months ended in Dec. 2024 was 30.78.

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

ESI' s Days Payable Range Over the Past 10 Years
Min: 29.68 Med: 34.45 Max: 153.29
Current: 34.32

During the past 13 years, Element Solutions's highest Days Payable was 153.29. The lowest was 29.68. And the median was 34.45.

ESI's Days Payable is ranked worse than
76.21% of 1509 companies
in the Chemicals industry
Industry Median: 59.23 vs ESI: 34.32

Element Solutions's Days Payable declined from Dec. 2023 (36.75) to Dec. 2024 (30.78). It may suggest that Element Solutions accelerated paying its suppliers.

Element Solutions Days Payable Historical Data

The historical data trend for Element Solutions'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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Element Solutions Days Payable Chart

Element Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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32.89

29.68

30.93

35.19

33.63

Element Solutions 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															36.75	37.81	36.86	33.03	30.78

Competitive Comparison of Element Solutions's Days Payable

For the Specialty Chemicals subindustry, Element Solutions'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.

Element Solutions's Days Payable Distribution in the Chemicals Industry

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

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

Element Solutions 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.

Element Solutions'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
=	( (140.6	+	121.3)	/	2 )	/	1421.2	*	365
=	130.95					/	1421.2	*	365
=	33.63

Element Solutions'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
=	( (127.1	+	121.3)	/	2 )	/	368.2	*	365 / 4
=	124.2					/	368.2	*	365 / 4
=	30.78

Element Solutions Days Payable Related Terms

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Element Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Element Solutions Inc (NYSE:ESI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, USA, 33394

Website

https://www.elementsolutionsinc.com

Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment which generates majority of the revenue, includes chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and chemistries used in water-based hydraulic control fluids in offshore energy production. Electronics segment researches, formulates and sells specialty chemicals and process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.

Executives

Benjamin Gliklich	officer: VP Corporate Dev, Finance & IR	245 FREIGHT STREET, WATERBURY CT 06702
Michael Goralski	officer: See Remarks	383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Joseph J. D'ambrisi	officer: SVP and Head of Electronics	383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
John Edward Capps	officer: EVP, General Counsel & Sec.	2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431
Carey J. Dorman	officer: Chief Financial Officer	C/O ELEMENT SOLUTIONS INC, 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Nichelle Maynard-elliott	director	PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Martin E Franklin	director	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
Elyse Napoli Filon	director	383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Scot Benson	officer: President - Perf. Solutions	245 FREIGHT STREET, WATERBURY CT 06702
Patricia Mount	officer: VP, Program Mgt & Integration	JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580
Christopher T. Fraser	director	9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Ashken Ian G H	director	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
Rakesh Sachdev	officer: Chief Executive Officer	3050 SPRUCE STREET, ST LOUIS MO 63103
Pershing Square Capital Management, L.p.	director, 10 percent owner	787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
John David Tolbert	officer: Chief Human Resources Officer	345 S HIGH STREET, STE 201, MUNCIE IN 47305