Grenke AG (WBO:GLJ) Days Payable : 45.88 (As of Sep. 2024)

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What is Grenke AG Days Payable?

Grenke AG's average Accounts Payable for the three months ended in Sep. 2024 was €52.4 Mil. Grenke AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €104.2 Mil. Hence, Grenke AG's Days Payable for the three months ended in Sep. 2024 was 45.88.

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

WBO:GLJ' s Days Payable Range Over the Past 10 Years
Min: 2.63 Med: 55.96 Max: 79.7
Current: 44.32

During the past 13 years, Grenke AG's highest Days Payable was 79.70. The lowest was 2.63. And the median was 55.96.

WBO:GLJ's Days Payable is ranked better than
54.3% of 291 companies
in the Credit Services industry
Industry Median: 36.45 vs WBO:GLJ: 44.32

Grenke AG's Days Payable declined from Sep. 2023 (47.15) to Sep. 2024 (45.88). It may suggest that Grenke AG accelerated paying its suppliers.

Grenke AG Days Payable Historical Data

The historical data trend for Grenke AG'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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Grenke AG Days Payable Chart

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.51

79.70

79.52

65.33

46.59

Grenke AG 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															47.15	37.91	46.70	49.10	45.88

Competitive Comparison of Grenke AG's Days Payable

For the Credit Services subindustry, Grenke AG'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.

Grenke AG's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Grenke AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Grenke AG's Days Payable falls into.

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Grenke AG 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.

Grenke AG'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
=	( (37.54	+	42.796)	/	2 )	/	314.67	*	365
=	40.168					/	314.67	*	365
=	46.59

Grenke AG'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
=	( (53.19	+	51.549)	/	2 )	/	104.158	*	365 / 4
=	52.3695					/	104.158	*	365 / 4
=	45.88

Grenke AG Days Payable Related Terms

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Grenke AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (WBO:GLJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLJd:UK 0R97:UK GLJ:Germany

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.

Grenke AG Headlines

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