Friedrich Vorwerk Group SE (Friedrich Vorwerk Group SE) Days Payable : 8.78 (As of Dec. 2023)

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What is Friedrich Vorwerk Group SE Days Payable?

Friedrich Vorwerk Group SE's average Accounts Payable for the three months ended in Dec. 2023 was $5.6 Mil. Friedrich Vorwerk Group SE's Cost of Goods Sold for the three months ended in Dec. 2023 was $58.1 Mil. Hence, Friedrich Vorwerk Group SE's Days Payable for the three months ended in Dec. 2023 was 8.78.

The historical rank and industry rank for Friedrich Vorwerk Group SE's Days Payable or its related term are showing as below:

FRVWY' s Days Payable Range Over the Past 10 Years
Min: 10.59 Med: 13.41 Max: 24.71
Current: 12.74

During the past 5 years, Friedrich Vorwerk Group SE's highest Days Payable was 24.71. The lowest was 10.59. And the median was 13.41.

FRVWY's Days Payable is ranked worse than
98.13% of 1601 companies
in the Construction industry
Industry Median: 74.1 vs FRVWY: 12.74

Friedrich Vorwerk Group SE's Days Payable declined from Dec. 2022 (9.69) to Dec. 2023 (8.78). It may suggest that Friedrich Vorwerk Group SE accelerated paying its suppliers.

Friedrich Vorwerk Group SE Days Payable Historical Data

The historical data trend for Friedrich Vorwerk Group SE'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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Friedrich Vorwerk Group SE Days Payable Chart

Friedrich Vorwerk Group SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

24.71

9.90

13.65

16.26

12.18

Friedrich Vorwerk Group SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												9.69	21.96	14.49	9.18	8.78

Competitive Comparison of Friedrich Vorwerk Group SE's Days Payable

For the Engineering & Construction subindustry, Friedrich Vorwerk Group SE'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.

Friedrich Vorwerk Group SE's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Friedrich Vorwerk Group SE's Days Payable distribution charts can be found below:

* The bar in red indicates where Friedrich Vorwerk Group SE's Days Payable falls into.

Friedrich Vorwerk Group SE 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.

Friedrich Vorwerk Group SE'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
=	( (11.534	+	4.029)	/	2 )	/	233.146	*	365
=	7.7815					/	233.146	*	365
=	12.18

Friedrich Vorwerk Group SE'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.139	+	4.029)	/	2 )	/	58.067	*	365 / 4
=	5.584					/	58.067	*	365 / 4
=	8.78

Friedrich Vorwerk Group SE Days Payable Related Terms

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Friedrich Vorwerk Group SE (Friedrich Vorwerk Group SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Friedrich Vorwerk Group SE (OTCPK:FRVWY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VH2:Germany

Address

Niedersachsenstrasse 19-21, Tostedt, DEU, 21255

Website

https://www.friedrich-vorwerk.de

Friedrich Vorwerk Group SE is a driver of the European energy transition. It has four segments Natural Gas segment, which is the key revenue driver, comprises the transport and conversion of raw natural gas into treated natural gas, Electricity segment provides infrastructure for the underground transport and conversion of electricity, which is generated from non-fossil energy sources such as wind, solar, hydro, and regenerative resources, Clean Hydrogen segment comprises the conversion of energy from energy sources into clean hydrogen and its transportation to consumers, Adjacent Opportunities segment concentrates on the related turnkey technologies, and the majority of its revenue comes from Adjacent Opportunities.

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