Lenovo Group (Lenovo Group) Days Payable : 73.49 (As of Dec. 2023)

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What is Lenovo Group Days Payable?

Lenovo Group's average Accounts Payable for the three months ended in Dec. 2023 was $10,565 Mil. Lenovo Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $13,120 Mil. Hence, Lenovo Group's Days Payable for the three months ended in Dec. 2023 was 73.49.

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

LNVGY' s Days Payable Range Over the Past 10 Years
Min: 42.56 Med: 55.04 Max: 81.29
Current: 80.63

During the past 13 years, Lenovo Group's highest Days Payable was 81.29. The lowest was 42.56. And the median was 55.04.

LNVGY's Days Payable is ranked better than
59.93% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs LNVGY: 80.63

Lenovo Group's Days Payable declined from Dec. 2022 (83.60) to Dec. 2023 (73.49). It may suggest that Lenovo Group accelerated paying its suppliers.

Lenovo Group Days Payable Historical Data

The historical data trend for Lenovo Group'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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Lenovo Group Days Payable Chart

Lenovo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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53.83

60.06

63.48

71.71

81.44

Lenovo Group 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															83.60	89.63	81.66	77.36	73.49

Competitive Comparison of Lenovo Group's Days Payable

For the Computer Hardware subindustry, Lenovo Group'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.

Lenovo Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Days Payable distribution charts can be found below:

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

Lenovo Group 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.

Lenovo Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (13184.831	+	9772.934)	/	2 )	/	51445.762	*	365
=	11478.8825					/	51445.762	*	365
=	81.44

Lenovo Group'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
=	( (10872.335	+	10258.486)	/	2 )	/	13119.563	*	365 / 4
=	10565.4105					/	13119.563	*	365 / 4
=	73.49

Lenovo Group Days Payable Related Terms

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Lenovo Group (Lenovo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LNVGF:USA 00992:Hong Kong LHL:Germany

Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.