OUTKY (Outokumpu Oyj) Days Payable : 101.16 (As of Sep. 2024)

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What is Outokumpu Oyj Days Payable?

Outokumpu Oyj's average Accounts Payable for the three months ended in Sep. 2024 was $1,742 Mil. Outokumpu Oyj's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,572 Mil. Hence, Outokumpu Oyj's Days Payable for the three months ended in Sep. 2024 was 101.16.

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

OUTKY' s Days Payable Range Over the Past 10 Years
Min: 50.18 Med: 70.56 Max: 87.58
Current: 87.58

During the past 13 years, Outokumpu Oyj's highest Days Payable was 87.58. The lowest was 50.18. And the median was 70.56.

OUTKY's Days Payable is ranked better than
80.93% of 603 companies
in the Steel industry
Industry Median: 40.36 vs OUTKY: 87.58

Outokumpu Oyj's Days Payable increased from Sep. 2023 (88.98) to Sep. 2024 (101.16). It may suggest that Outokumpu Oyj delayed paying its suppliers.

Outokumpu Oyj Days Payable Historical Data

The historical data trend for Outokumpu Oyj'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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Outokumpu Oyj Days Payable Chart

Outokumpu Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.51

80.40

90.26

70.16

63.75

Outokumpu Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															88.98	73.29	78.59	92.49	101.16

Competitive Comparison of Outokumpu Oyj's Days Payable

For the Steel subindustry, Outokumpu Oyj'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.

Outokumpu Oyj's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Outokumpu Oyj's Days Payable distribution charts can be found below:

* The bar in red indicates where Outokumpu Oyj's Days Payable falls into.

Outokumpu Oyj 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.

Outokumpu Oyj'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
=	( (1281.78	+	1184.297)	/	2 )	/	7059.978	*	365
=	1233.0385					/	7059.978	*	365
=	63.75

Outokumpu Oyj's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1767.492	+	1716.981)	/	2 )	/	1571.587	*	365 / 4
=	1742.2365					/	1571.587	*	365 / 4
=	101.16

Outokumpu Oyj Days Payable Related Terms

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Outokumpu Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OTCPK:OUTKY) » Definitions » Days Payable

Traded in Other Exchanges

OUT1Vh:UK 0FJ8:UK OUT1V:Finland OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas and Ferrochrome and Other operations. Europe derives the key revenue, consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are used for example in architecture, building and construction, transportation, catering and appliances, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Other operations consist of activities outside the three operating segments, as well as industrial holdings, non-core businesses and strategic group level investments and Ferrochrome produces charge grade of ferrochrome.