SGS AG (SGS AG) Days Payable : 118.89 (As of Dec. 2023)

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What is SGS AG Days Payable?

SGS AG's average Accounts Payable for the six months ended in Dec. 2023 was $566 Mil. SGS AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $868 Mil. Hence, SGS AG's Days Payable for the six months ended in Dec. 2023 was 118.89.

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

SGSOY' s Days Payable Range Over the Past 10 Years
Min: 93.53 Med: 137.32 Max: 482.73
Current: 175.55

During the past 13 years, SGS AG's highest Days Payable was 482.73. The lowest was 93.53. And the median was 137.32.

SGSOY's Days Payable is ranked better than
86.41% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs SGSOY: 175.55

SGS AG's Days Payable declined from Dec. 2022 (118.95) to Dec. 2023 (118.89). It may suggest that SGS AG accelerated paying its suppliers.

SGS AG Days Payable Historical Data

The historical data trend for SGS 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.

* Premium members only.

SGS AG Days Payable Chart

SGS AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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479.69

324.45

139.37

141.41

129.10

SGS AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															133.14	488.71	118.95	476.34	118.89

Competitive Comparison of SGS AG's Days Payable

For the Consulting Services subindustry, SGS 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.

SGS AG's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SGS AG's Days Payable distribution charts can be found below:

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

SGS 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.

SGS 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
=	( (386.432	+	387.373)	/	2 )	/	1093.895	*	365
=	386.9025					/	1093.895	*	365
=	129.10

SGS AG's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (744.114	+	387.373)	/	2 )	/	868.409	*	365 / 2
=	565.7435					/	868.409	*	365 / 2
=	118.89

SGS AG Days Payable Related Terms

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SGS AG (SGS AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SGSOF:USA SGSNz:UK 0QMI:UK SGSN:Switzerland

Address

1 Place des Alpes, P.O. Box 2152, Geneva, CHE, CH-1211

Website

https://www.sgs.com

Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only four TIC companies that operate globally across numerous industries, including agriculture, food and life science, and transport services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.

SGS AG (SGS AG) Headlines

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