AptarGroup (FRA:AGT) Days Payable : 51.28 (As of Mar. 2024)

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What is AptarGroup Days Payable?

AptarGroup's average Accounts Payable for the three months ended in Mar. 2024 was €301 Mil. AptarGroup's Cost of Goods Sold for the three months ended in Mar. 2024 was €536 Mil. Hence, AptarGroup's Days Payable for the three months ended in Mar. 2024 was 51.28.

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

FRA:AGT' s Days Payable Range Over the Past 10 Years
Min: 27.71 Med: 33.96 Max: 53.24
Current: 52.64

During the past 13 years, AptarGroup's highest Days Payable was 53.24. The lowest was 27.71. And the median was 33.96.

FRA:AGT's Days Payable is ranked worse than
65.36% of 788 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs FRA:AGT: 52.64

AptarGroup's Days Payable declined from Mar. 2023 (52.99) to Mar. 2024 (51.28). It may suggest that AptarGroup accelerated paying its suppliers.

AptarGroup Days Payable Historical Data

The historical data trend for AptarGroup'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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AptarGroup Days Payable Chart

AptarGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.47

45.04

45.10

49.69

54.02

AptarGroup Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															52.99	-	-	56.98	51.28

Competitive Comparison of AptarGroup's Days Payable

For the Medical Instruments & Supplies subindustry, AptarGroup'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.

AptarGroup's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AptarGroup's Days Payable distribution charts can be found below:

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

AptarGroup 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.

AptarGroup'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
=	( (302.345	+	301.3)	/	2 )	/	2039.455	*	365
=	301.8225					/	2039.455	*	365
=	54.02

AptarGroup's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (301.3	+	0)	/	1 )	/	536.135	*	365 / 4
=	301.3					/	536.135	*	365 / 4
=	51.28

AptarGroup Days Payable Related Terms

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AptarGroup (FRA:AGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AptarGroup Inc (FRA:AGT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ATR:USA AGT:Germany

Address

265 Exchange Drive, Suite 301, Crystal Lake, IL, USA, 60014

Website

https://www.aptar.com

Headquartered in Crystal Lake, Illinois, AptarGroup is a leading global supplier of dispensing systems such as aerosol valves, pumps, and closures to the consumer goods and pharmaceutical markets. With the bulk of its annual net sales coming from Europe (50% of sales) and the United States (33%), Aptar aims to increase its presence in Asia (10%) and Latin America (7%). Aptar's pharmaceutical division generates roughly one third of group sales but over two thirds of group profits.