Hexagon AB (FRA:HXG) Days Payable : 55.95 (As of Dec. 2024)

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What is Hexagon AB Days Payable?

Hexagon AB's average Accounts Payable for the three months ended in Dec. 2024 was €296 Mil. Hexagon AB's Cost of Goods Sold for the three months ended in Dec. 2024 was €483 Mil. Hence, Hexagon AB's Days Payable for the three months ended in Dec. 2024 was 55.95.

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

FRA:HXG' s Days Payable Range Over the Past 10 Years
Min: 48.39 Med: 56 Max: 62.03
Current: 58.21

During the past 13 years, Hexagon AB's highest Days Payable was 62.03. The lowest was 48.39. And the median was 56.00.

FRA:HXG's Days Payable is ranked worse than
60.72% of 2398 companies
in the Hardware industry
Industry Median: 68.685 vs FRA:HXG: 58.21

Hexagon AB's Days Payable increased from Dec. 2023 (53.02) to Dec. 2024 (55.95). It may suggest that Hexagon AB delayed paying its suppliers.

Hexagon AB Days Payable Historical Data

The historical data trend for Hexagon 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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Hexagon AB Days Payable Chart

Hexagon AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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56.93

55.62

58.11

57.71

62.84

Hexagon 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															53.02	58.24	56.85	58.24	55.95

Competitive Comparison of Hexagon AB's Days Payable

For the Scientific & Technical Instruments subindustry, Hexagon 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.

Hexagon AB's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hexagon AB's Days Payable distribution charts can be found below:

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

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Hexagon 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.

Hexagon 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
=	( (288.5	+	328.3)	/	2 )	/	1791.4	*	365
=	308.4					/	1791.4	*	365
=	62.84

Hexagon 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
=	( (263.6	+	328.3)	/	2 )	/	482.7	*	365 / 4
=	295.95					/	482.7	*	365 / 4
=	55.95

Hexagon AB Days Payable Related Terms

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Hexagon AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hexagon AB (FRA:HXG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HXGBY:USA HXGBF:USA HEXA B:Sweden HEXABs:UK 0GRX:UK HXG:Germany

Address

Lilla Bantorget 15, Stockholm, SWE, SE-111 23

Website

https://www.hexagon.com

Hexagon is the global leader in digital reality solutions, combining hardware such as sensors and measuring devices, software, and services. Customers are mainly in heavy industry such as oil and gas, mining, construction, manufacturing, chemicals, and agriculture. Major products include measuring technology, mapping tools, and software. Around 40% of revenue is generated in the Americas, 35% in Europe, the Middle East, and Africa region, and the rest in Asia.

Hexagon AB Headlines

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