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Hexagon Composites ASA (Hexagon Composites ASA) Days Payable : 74.50 (As of Mar. 2024)


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What is Hexagon Composites ASA Days Payable?

Hexagon Composites ASA's average Accounts Payable for the three months ended in Mar. 2024 was $41.4 Mil. Hexagon Composites ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $50.7 Mil. Hence, Hexagon Composites ASA's Days Payable for the three months ended in Mar. 2024 was 74.50.

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

HXGCF' s Days Payable Range Over the Past 10 Years
Min: 55.62   Med: 75.26   Max: 101.15
Current: 64.77

During the past 13 years, Hexagon Composites ASA's highest Days Payable was 101.15. The lowest was 55.62. And the median was 75.26.

HXGCF's Days Payable is ranked better than
53.99% of 363 companies
in the Packaging & Containers industry
Industry Median: 60.26 vs HXGCF: 64.77

Hexagon Composites ASA's Days Payable declined from Mar. 2023 (86.60) to Mar. 2024 (74.50). It may suggest that Hexagon Composites ASA accelerated paying its suppliers.


Hexagon Composites ASA Days Payable Historical Data

The historical data trend for Hexagon Composites ASA'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.

* Premium members only.

Hexagon Composites ASA Days Payable Chart

Hexagon Composites ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.64 71.29 74.51 78.81 65.89

Hexagon Composites ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.60 63.50 71.22 51.94 74.50

Competitive Comparison of Hexagon Composites ASA's Days Payable

For the Packaging & Containers subindustry, Hexagon Composites ASA'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 Composites ASA's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Days Payable distribution charts can be found below:

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



Hexagon Composites ASA 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 Composites ASA'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
=( (57.952 + 36.402) / 2 ) / 261.322*365
=47.177 / 261.322*365
=65.89

Hexagon Composites ASA'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
=( (36.402 + 46.353) / 2 ) / 50.678*365 / 4
=41.3775 / 50.678*365 / 4
=74.50

* 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.


Hexagon Composites ASA Days Payable Related Terms

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Hexagon Composites ASA (Hexagon Composites ASA) Business Description

Address
Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.