Grupa Kety (FRA:GQ2) Days Payable : 55.67 (As of Jun. 2024)

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What is Grupa Kety Days Payable?

Grupa Kety's average Accounts Payable for the three months ended in Jun. 2024 was €108 Mil. Grupa Kety's Cost of Goods Sold for the three months ended in Jun. 2024 was €177 Mil. Hence, Grupa Kety's Days Payable for the three months ended in Jun. 2024 was 55.67.

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

FRA:GQ2' s Days Payable Range Over the Past 10 Years
Min: 35.74 Med: 44.39 Max: 50.17
Current: 50.17

During the past 13 years, Grupa Kety's highest Days Payable was 50.17. The lowest was 35.74. And the median was 44.39.

FRA:GQ2's Days Payable is ranked worse than
74.34% of 1064 companies
in the Metals & Mining industry
Industry Median: 136.525 vs FRA:GQ2: 50.17

Grupa Kety's Days Payable increased from Jun. 2023 (42.88) to Jun. 2024 (55.67). It may suggest that Grupa Kety delayed paying its suppliers.

Grupa Kety Days Payable Historical Data

The historical data trend for Grupa Kety'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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Grupa Kety Days Payable Chart

Grupa Kety Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.09

41.95

44.23

35.74

39.46

Grupa Kety Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															42.88	46.26	47.13	48.84	55.67

Competitive Comparison of Grupa Kety's Days Payable

For the Aluminum subindustry, Grupa Kety'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.

Grupa Kety's Days Payable Distribution in the Metals & Mining Industry

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

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

Grupa Kety 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.

Grupa Kety'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
=	( (83.119	+	85.727)	/	2 )	/	780.867	*	365
=	84.423					/	780.867	*	365
=	39.46

Grupa Kety's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (102.514	+	114.022)	/	2 )	/	177.453	*	365 / 4
=	108.268					/	177.453	*	365 / 4
=	55.67

Grupa Kety Days Payable Related Terms

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Grupa Kety Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grupa Kety SA (FRA:GQ2) » Definitions » Days Payable

Traded in Other Exchanges

KTY:Poland GQ2:Germany

Address

ul. Ko?ciuszki 111, Kety, POL, 32-650

Website

http://www.gk-kety.com.pl

Grupa Kety SA manufactures and sells extruded aluminum and other aluminum products primarily to industrial customers. The firm organizes itself into five segments based on product. The Extruded Products segment manufactures aluminum profiles. The Flexible Packaging segment produces and sells packaging to the food industry. The Aluminum Systems segment, which generates the most revenue of any segment, sells aluminum systems to the building industry. The Building Accessories and Building Services segments produce and sell hardware and aluminum facades to the construction industry. The vast majority of Grupa Kety's revenue comes from Poland, where the company's operations are also located.

Grupa Kety Headlines

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