AlzChem Group AG (FRA:ACT) Days Payable : 61.03 (As of Dec. 2023)

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What is AlzChem Group AG Days Payable?

AlzChem Group AG's average Accounts Payable for the three months ended in Dec. 2023 was €31.6 Mil. AlzChem Group AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €47.2 Mil. Hence, AlzChem Group AG's Days Payable for the three months ended in Dec. 2023 was 61.03.

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

FRA:ACT' s Days Payable Range Over the Past 10 Years
Min: 49.35 Med: 63.75 Max: 79.21
Current: 58.69

During the past 13 years, AlzChem Group AG's highest Days Payable was 79.21. The lowest was 49.35. And the median was 63.75.

FRA:ACT's Days Payable is ranked worse than
51.8% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs FRA:ACT: 58.69

AlzChem Group AG's Days Payable increased from Dec. 2022 (53.91) to Dec. 2023 (61.03). It may suggest that AlzChem Group AG delayed paying its suppliers.

AlzChem Group AG Days Payable Historical Data

The historical data trend for AlzChem Group 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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AlzChem Group AG Days Payable Chart

AlzChem Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.23

63.75

63.61

49.35

56.15

AlzChem Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															53.91	45.34	67.50	72.98	61.03

Competitive Comparison of AlzChem Group AG's Days Payable

For the Specialty Chemicals subindustry, AlzChem Group 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.

AlzChem Group AG's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AlzChem Group AG's Days Payable distribution charts can be found below:

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

AlzChem Group 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.

AlzChem Group 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
=	( (37.386	+	31.554)	/	2 )	/	224.085	*	365
=	34.47					/	224.085	*	365
=	56.15

AlzChem Group 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	31.554)	/	1 )	/	47.176	*	365 / 4
=	31.554					/	47.176	*	365 / 4
=	61.03

AlzChem Group AG Days Payable Related Terms

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AlzChem Group AG (FRA:ACT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ACT:Germany

Address

Dr.-Albert-Frank-Street 32, Trostberg, DEU, 83308

Website

https://www.alzchem.com

AlzChem Group AG is an international chemical company. Its reportable segments are Specialty Chemicals, Basics and Intermediates, and Other Holdings. The specialty chemicals segment focuses on the production and distribution of high-quality growth products, and the basics and intermediates segment covers the production of basic and intermediate products. It generates a majority of its revenue from the Specialty Chemical segment. Geographically it serves Europe, Asia, and the Rest of the world whilst deriving substantial revenue from Germany.