Lechwerke AG (FRA:LEC) Days Payable : 144.51 (As of Dec. 2023)

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What is Lechwerke AG Days Payable?

Lechwerke AG's average Accounts Payable for the six months ended in Dec. 2023 was €543 Mil. Lechwerke AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €686 Mil. Hence, Lechwerke AG's Days Payable for the six months ended in Dec. 2023 was 144.51.

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

FRA:LEC' s Days Payable Range Over the Past 10 Years
Min: 9.39 Med: 20.65 Max: 160.47
Current: 106.07

During the past 13 years, Lechwerke AG's highest Days Payable was 160.47. The lowest was 9.39. And the median was 20.65.

FRA:LEC's Days Payable is ranked better than
70.79% of 493 companies
in the Utilities - Regulated industry
Industry Median: 68.14 vs FRA:LEC: 106.07

Lechwerke AG's Days Payable increased from Dec. 2022 (85.80) to Dec. 2023 (144.51). It may suggest that Lechwerke AG delayed paying its suppliers.

Lechwerke AG Days Payable Historical Data

The historical data trend for Lechwerke AG'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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Lechwerke AG Days Payable Chart

Lechwerke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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149.40

20.99

20.27

20.31

27.39

Lechwerke AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															121.56	108.61	85.80	146.27	144.51

Competitive Comparison of Lechwerke AG's Days Payable

For the Utilities - Diversified subindustry, Lechwerke AG'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.

Lechwerke AG's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Lechwerke AG's Days Payable distribution charts can be found below:

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

Lechwerke AG 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.

Lechwerke AG'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
=	( (128.649	+	80.472)	/	2 )	/	1393.189	*	365
=	104.5605					/	1393.189	*	365
=	27.39

Lechwerke AG's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1005.44	+	80.472)	/	2 )	/	685.699	*	365 / 2
=	542.956					/	685.699	*	365 / 2
=	144.51

Lechwerke AG Days Payable Related Terms

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Lechwerke AG (FRA:LEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Lechwerke AG (FRA:LEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LEC:Germany

Address

Schaezlerstrasse 3, Augsburg, DEU, 86150

Website

http://www.lew.de

Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.

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