PPG Industries (FRA:PPQ) Days Payable : 132.76 (As of Mar. 2024)

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What is PPG Industries Days Payable?

PPG Industries's average Accounts Payable for the three months ended in Mar. 2024 was €3,273 Mil. PPG Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,249 Mil. Hence, PPG Industries's Days Payable for the three months ended in Mar. 2024 was 132.76.

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

FRA:PPQ' s Days Payable Range Over the Past 10 Years
Min: 118.54 Med: 124.94 Max: 142.35
Current: 121.29

During the past 13 years, PPG Industries's highest Days Payable was 142.35. The lowest was 118.54. And the median was 124.94.

FRA:PPQ's Days Payable is ranked better than
83.31% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs FRA:PPQ: 121.29

PPG Industries's Days Payable increased from Mar. 2023 (123.35) to Mar. 2024 (132.76). It may suggest that PPG Industries delayed paying its suppliers.

PPG Industries Days Payable Historical Data

The historical data trend for PPG Industries'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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PPG Industries Days Payable Chart

PPG Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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123.32

148.83

118.28

114.70

121.33

PPG Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															123.35	-	-	128.67	132.76

Competitive Comparison of PPG Industries's Days Payable

For the Specialty Chemicals subindustry, PPG Industries'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.

PPG Industries's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where PPG Industries's Days Payable falls into.

PPG Industries 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.

PPG Industries'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
=	( (3277.568	+	3272.773)	/	2 )	/	9853.165	*	365
=	3275.1705					/	9853.165	*	365
=	121.33

PPG Industries's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3272.773	+	0)	/	1 )	/	2249.4	*	365 / 4
=	3272.773					/	2249.4	*	365 / 4
=	132.76

PPG Industries Days Payable Related Terms

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PPG Industries (FRA:PPQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PPG Industries Inc (FRA:PPQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PPG:USA PPG:Mexico PPQ:Germany

Address

One PPG Place, Pittsburgh, PA, USA, 15272

Website

https://www.ppg.com

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

PPG Industries (FRA:PPQ) Headlines

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