Granges AB (FRA:9GR) Days Payable : 56.41 (As of Dec. 2024)

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What is Granges AB Days Payable?

Granges AB's average Accounts Payable for the three months ended in Dec. 2024 was €225 Mil. Granges AB's Cost of Goods Sold for the three months ended in Dec. 2024 was €364 Mil. Hence, Granges AB's Days Payable for the three months ended in Dec. 2024 was 56.41.

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

FRA:9GR' s Days Payable Range Over the Past 10 Years
Min: 44.13 Med: 57 Max: 76.84
Current: 58.51

During the past 13 years, Granges AB's highest Days Payable was 76.84. The lowest was 44.13. And the median was 57.00.

FRA:9GR's Days Payable is ranked worse than
69.49% of 1026 companies
in the Metals & Mining industry
Industry Median: 130.785 vs FRA:9GR: 58.51

Granges AB's Days Payable declined from Dec. 2023 (67.03) to Dec. 2024 (56.41). It may suggest that Granges AB accelerated paying its suppliers.

Granges AB Days Payable Historical Data

The historical data trend for Granges 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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Granges AB Days Payable Chart

Granges AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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75.88

67.24

59.45

59.79

57.49

Granges 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															67.03	62.56	-	-	56.41

Competitive Comparison of Granges AB's Days Payable

For the Aluminum subindustry, Granges 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.

Granges AB's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Granges AB's Days Payable distribution charts can be found below:

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

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Granges 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.

Granges 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
=	( (212.765	+	224.818)	/	2 )	/	1388.988	*	365
=	218.7915					/	1388.988	*	365
=	57.49

Granges 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	+	224.818)	/	1 )	/	363.657	*	365 / 4
=	224.818					/	363.657	*	365 / 4
=	56.41

Granges AB Days Payable Related Terms

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Granges AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granges AB (FRA:9GR) » Definitions » Days Payable

Traded in Other Exchanges

GRNG:Sweden 0R9X:UK

Address

Linnegatan 18, Stockholm, SWE, 114 47

Website

https://www.granges.com

Granges AB is a Sweden-based supplier of rolled aluminum products for original equipment manufacturers. It offers products in heat exchanger applications, specialty packaging, and new rolled product niches. Some of the products offered by the company include clad tubes, mechanically bonded copper tubes, brazed aluminum heat exchangers, aluminum packaging products, cathode foil materials, battery cooling aluminum plates, and aluminum powder materials, among others. These products find their applications in automotive, electrification and battery, specialty packaging, industrial, heating, ventilation and air conditioning, and other industries. The company's operating segments are Granges Eurasia and Granges Americas. Maximum revenue is derived from the Granges Eurasia segment.

Granges AB Headlines

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