Rockwool AS (OCSE:ROCK A) Days Payable : 66.04 (As of Dec. 2023)

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What is Rockwool AS Days Payable?

Rockwool AS's average Accounts Payable for the three months ended in Dec. 2023 was kr1,796 Mil. Rockwool AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr2,482 Mil. Hence, Rockwool AS's Days Payable for the three months ended in Dec. 2023 was 66.04.

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

OCSE:ROCK A' s Days Payable Range Over the Past 10 Years
Min: 59.99 Med: 75.43 Max: 82.24
Current: 71.59

During the past 13 years, Rockwool AS's highest Days Payable was 82.24. The lowest was 59.99. And the median was 75.43.

OCSE:ROCK A's Days Payable is ranked worse than
51.96% of 1605 companies
in the Construction industry
Industry Median: 73.79 vs OCSE:ROCK A: 71.59

Rockwool AS's Days Payable increased from Dec. 2022 (62.22) to Dec. 2023 (66.04). It may suggest that Rockwool AS delayed paying its suppliers.

Rockwool AS Days Payable Historical Data

The historical data trend for Rockwool AS'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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Rockwool AS Days Payable Chart

Rockwool AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.51

82.24

76.38

59.99

71.56

Rockwool AS 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															62.22	75.53	-	-	66.04

Competitive Comparison of Rockwool AS's Days Payable

For the Building Products & Equipment subindustry, Rockwool AS'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.

Rockwool AS's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Rockwool AS's Days Payable falls into.

Rockwool AS 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.

Rockwool AS'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
=	( (2008.668	+	1796.278)	/	2 )	/	9704.372	*	365
=	1902.473					/	9704.372	*	365
=	71.56

Rockwool AS'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	+	1796.278)	/	1 )	/	2481.993	*	365 / 4
=	1796.278					/	2481.993	*	365 / 4
=	66.04

Rockwool AS Days Payable Related Terms

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Rockwool AS (OCSE:ROCK A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rockwool AS (OCSE:ROCK A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ROCKBc:UK 0M0A:UK ROCK B:Denmark R90:Germany

Address

Hovedgaden 584, Hedehusene, DNK, 2640

Website

https://www.rockwool.com

Rockwool AS manufactures and sells building materials, including insulation, and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, which generates the majority of revenue, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of sales come from Europe.

Rockwool AS (OCSE:ROCK A) Headlines

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