Howmet Aerospace (XSGO:HWMCL) Days Payable : 68.75 (As of Sep. 2024)

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What is Howmet Aerospace Days Payable?

Howmet Aerospace's average Accounts Payable for the three months ended in Sep. 2024 was $944 Mil. Howmet Aerospace's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,253 Mil. Hence, Howmet Aerospace's Days Payable for the three months ended in Sep. 2024 was 68.75.

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

XSGO:HWMCL' s Days Payable Range Over the Past 10 Years
Min: 54.55 Med: 74.12 Max: 141.6
Current: 68.21

During the past 10 years, Howmet Aerospace's highest Days Payable was 141.60. The lowest was 54.55. And the median was 74.12.

XSGO:HWMCL's Days Payable is ranked worse than
51.84% of 299 companies
in the Aerospace & Defense industry
Industry Median: 71.58 vs XSGO:HWMCL: 68.21

Howmet Aerospace's Days Payable increased from Sep. 2023 (68.46) to Sep. 2024 (68.75). It may suggest that Howmet Aerospace delayed paying its suppliers.

Howmet Aerospace Days Payable Historical Data

The historical data trend for Howmet Aerospace'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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Howmet Aerospace Days Payable Chart

Howmet Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.68

74.12

67.55

75.35

74.33

Howmet Aerospace 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															68.46	69.59	68.83	68.60	68.75

Competitive Comparison of Howmet Aerospace's Days Payable

For the Aerospace & Defense subindustry, Howmet Aerospace'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.

Howmet Aerospace's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's Days Payable distribution charts can be found below:

* The bar in red indicates where Howmet Aerospace's Days Payable falls into.

Howmet Aerospace 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.

Howmet Aerospace'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
=	( (962	+	982)	/	2 )	/	4773	*	365
=	972					/	4773	*	365
=	74.33

Howmet Aerospace'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
=	( (971	+	917)	/	2 )	/	1253	*	365 / 4
=	944					/	1253	*	365 / 4
=	68.75

Howmet Aerospace Days Payable Related Terms

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Howmet Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Howmet Aerospace Inc (XSGO:HWMCL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HWMp.PFD:USA HWM:USA HWM:Mexico 0TCU:UK 48Z:Germany ARNC34:Brazil HWM:Austria HWM:Argentina

Address

201 Isabella Street, Suite 200, Pittsburgh, PA, USA, 15212-5872

Website

https://www.howmet.com

Howmet Aerospace Inc produces products that are majorly used in aerospace, commercial transportation, and industrial and other markets. The company seeks to provide its customers with solutions through offering differentiated products such as airfoils with cooling and coatings for extreme temperature applications, specially designed fasteners for lightweight composite airframe construction, reduced assembly costs, and lightning strike protection and lightweight aluminum commercial wheels. It has four reportable segments namely, Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.

Howmet Aerospace Headlines

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