VOLVF (Volvo AB) Days Payable : 68.33 (As of Dec. 2024)

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What is Volvo AB Days Payable?

Volvo AB's average Accounts Payable for the three months ended in Dec. 2024 was $7,031 Mil. Volvo AB's Cost of Goods Sold for the three months ended in Dec. 2024 was $9,389 Mil. Hence, Volvo AB's Days Payable for the three months ended in Dec. 2024 was 68.33.

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

VOLVF' s Days Payable Range Over the Past 10 Years
Min: 76.75 Med: 84.69 Max: 89.01
Current: 76.75

During the past 13 years, Volvo AB's highest Days Payable was 89.01. The lowest was 76.75. And the median was 84.69.

VOLVF's Days Payable is ranked better than
54.59% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 67.99 vs VOLVF: 76.75

Volvo AB's Days Payable increased from Dec. 2023 (67.53) to Dec. 2024 (68.33). It may suggest that Volvo AB delayed paying its suppliers.

Volvo AB Days Payable Historical Data

The historical data trend for Volvo AB'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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Volvo AB Days Payable Chart

Volvo AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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83.68

91.45

89.70

78.06

79.81

Volvo AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															67.53	82.52	77.75	81.82	68.33

Competitive Comparison of Volvo AB's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Volvo AB'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.

Volvo AB's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Volvo AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Volvo AB's Days Payable falls into.

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Volvo AB 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.

Volvo AB's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (8090.294	+	7148.566)	/	2 )	/	34844.516	*	365
=	7619.43					/	34844.516	*	365
=	79.81

Volvo AB's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (6913.677	+	7148.566)	/	2 )	/	9389.349	*	365 / 4
=	7031.1215					/	9389.349	*	365 / 4
=	68.33

Volvo AB Days Payable Related Terms

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Volvo AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Volvo AB (OTCPK:VOLVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VOLAF:USA VLVLY:USA VOLV B:Sweden VOLV A:Sweden 1VOLVB:Italy VOLVBs:UK VOLVAs:UK 0MHW:UK 0HTP:UK VOL1:Germany

Address

Gropegardsgatan 2, Gothenburg, SWE, SE-417 15

Website

https://www.volvogroup.com

Volvo AB drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing, and services that increase the customers' uptime and productivity. Its segments are Trucks, Construction Equipment, Buses, Volvo Penta, Financial Services, and Group Functions & Other. A majority of its revenue is generated from the Trucks segment, which is engaged in the manufacturing and selling of trucks under several brands, including Volvo, Renault, and others. This segment also comprises the activities of Volvo Autonomous Solutions, Volvo Energy, VE Commercial Vehicles, Dongfeng Commercial Vehicles, Cellcentric, Milence, Flexis, and Cespira. Geographically, it derives maximum revenue from the USA.