HOCN AG (XSWX:HOCN) Days Payable : 19.89 (As of Jun. 2024)

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What is HOCN AG Days Payable?

HOCN AG's average Accounts Payable for the six months ended in Jun. 2024 was CHF10.8 Mil. HOCN AG's Cost of Goods Sold for the six months ended in Jun. 2024 was CHF99.2 Mil. Hence, HOCN AG's Days Payable for the six months ended in Jun. 2024 was 19.89.

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

XSWX:HOCN' s Days Payable Range Over the Past 10 Years
Min: 17.53 Med: 50.86 Max: 60.4
Current: 17.53

During the past 13 years, HOCN AG's highest Days Payable was 60.40. The lowest was 17.53. And the median was 50.86.

XSWX:HOCN's Days Payable is ranked worse than
88.53% of 1831 companies
in the Consumer Packaged Goods industry
Industry Median: 45.99 vs XSWX:HOCN: 17.53

HOCN AG's Days Payable declined from Jun. 2023 (31.58) to Jun. 2024 (19.89). It may suggest that HOCN AG accelerated paying its suppliers.

HOCN AG Days Payable Historical Data

The historical data trend for HOCN 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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HOCN AG Days Payable Chart

HOCN AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.65

51.56

37.35

43.82

40.31

HOCN AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															41.12	44.65	31.58	24.28	19.89

Competitive Comparison of HOCN AG's Days Payable

For the Packaged Foods subindustry, HOCN 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.

HOCN AG's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HOCN AG's Days Payable distribution charts can be found below:

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

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HOCN 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.

HOCN 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
=	( (26.851	+	21.225)	/	2 )	/	217.659	*	365
=	24.038					/	217.659	*	365
=	40.31

HOCN AG's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (21.225	+	0.401)	/	2 )	/	99.234	*	365 / 2
=	10.813					/	99.234	*	365 / 2
=	19.89

HOCN AG Days Payable Related Terms

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HOCN AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HOCN AG (XSWX:HOCN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HOCNz:UK 0QQI:UK

Address

Siedereistrasse 9, Postfach 691, Hochdorf, CHE, 6281

Website

https://www.hochdorf.com

HOCN AG Formerly Hochdorf Holding AG is a food company. It produces and sells food products to the food industry and the wholesale and retail trade in the international markets. The company operates in two segment: Food Solutions and Infant Nutrition. The company generates the majority of its revenue from the Food Solutions segment. The company generates revenue from sale of their products: Milk products/cream, Milk powder, Infant formula, Specialities, and Bakery/confectionary goods. Geographically the company generates the majority of its revenue from Switzerland/Liechtenstein region.

HOCN AG Headlines

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