Elkem ASA (OSL:ELK) Days Payable : 111.43 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Elkem ASA Days Payable?

Elkem ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr5,322 Mil. Elkem ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr4,358 Mil. Hence, Elkem ASA's Days Payable for the three months ended in Mar. 2024 was 111.43.

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

OSL:ELK' s Days Payable Range Over the Past 10 Years
Min: 70.43 Med: 78.3 Max: 92.7
Current: 92.7

During the past 10 years, Elkem ASA's highest Days Payable was 92.70. The lowest was 70.43. And the median was 78.30.

OSL:ELK's Days Payable is ranked better than
72.74% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs OSL:ELK: 92.70

Elkem ASA's Days Payable increased from Mar. 2023 (92.66) to Mar. 2024 (111.43). It may suggest that Elkem ASA delayed paying its suppliers.

Elkem ASA Days Payable Historical Data

The historical data trend for Elkem 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.

Elkem ASA Days Payable Chart

Elkem ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.38

76.44

81.88

77.86

89.92

Elkem 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															92.66	89.02	99.02	75.97	111.43

Competitive Comparison of Elkem ASA's Days Payable

For the Specialty Chemicals subindustry, Elkem 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.

Elkem ASA's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Elkem ASA's Days Payable distribution charts can be found below:

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

Elkem 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.

Elkem 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
=	( (5335	+	5281)	/	2 )	/	21546	*	365
=	5308					/	21546	*	365
=	89.92

Elkem 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
=	( (5281	+	5363)	/	2 )	/	4358	*	365 / 4
=	5322					/	4358	*	365 / 4
=	111.43

Elkem ASA Days Payable Related Terms

Thank you for viewing the detailed overview of Elkem ASA's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Elkem ASA (OSL:ELK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elkem ASA (OSL:ELK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELKEF:USA ELKo:Sweden 0SFN:UK 1DP:Germany

Address

Drammensveien 169, Oslo, NOR, 0277

Website

https://www.elkem.com

Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities. Elkem has three reportable segments namely Silicones, Silicon Products, and Carbon Solutions. It generates most of the revenue from the Silicones segment.

Elkem ASA (OSL:ELK) Headlines

No Headlines