Volvo Car AB (OSTO:VOLCAR B) Days Payable : 74.49 (As of Mar. 2024)

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What is Volvo Car AB Days Payable?

Volvo Car AB's average Accounts Payable for the three months ended in Mar. 2024 was kr61,883 Mil. Volvo Car AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr75,806 Mil. Hence, Volvo Car AB's Days Payable for the three months ended in Mar. 2024 was 74.49.

The historical rank and industry rank for Volvo Car AB's Days Payable or its related term are showing as below:

OSTO:VOLCAR B' s Days Payable Range Over the Past 10 Years
Min: 70.81 Med: 77.66 Max: 79.27
Current: 70.81

During the past 6 years, Volvo Car AB's highest Days Payable was 79.27. The lowest was 70.81. And the median was 77.66.

OSTO:VOLCAR B's Days Payable is ranked better than
54.24% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.48 vs OSTO:VOLCAR B: 70.81

Volvo Car AB's Days Payable declined from Mar. 2023 (74.62) to Mar. 2024 (74.49). It may suggest that Volvo Car AB accelerated paying its suppliers.

Volvo Car AB Days Payable Historical Data

The historical data trend for Volvo Car AB'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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Volvo Car AB Days Payable Chart

Volvo Car AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.75

77.03

78.29

79.27

74.39

Volvo Car AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												74.62	68.05	77.81	65.69	74.49

Competitive Comparison of Volvo Car AB's Days Payable

For the Auto Manufacturers subindustry, Volvo Car AB'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.

Volvo Car AB's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volvo Car AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Volvo Car AB's Days Payable falls into.

Volvo Car AB 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.

Volvo Car AB'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
=	( (68913	+	62304)	/	2 )	/	321916	*	365
=	65608.5					/	321916	*	365
=	74.39

Volvo Car AB'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
=	( (62304	+	61461)	/	2 )	/	75806	*	365 / 4
=	61882.5					/	75806	*	365 / 4
=	74.49

Volvo Car AB Days Payable Related Terms

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Volvo Car AB (OSTO:VOLCAR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volvo Car AB (OSTO:VOLCAR B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VLVCY:USA VLVOF:USA VOLCBs:UK 8JO:Germany

Address

VAK Building, Gunnar Engellaus Vag, Gothenburg, SWE, 405 31

Website

https://www.volvocars.com

Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it derives a majority of its revenue from China and also has a presence in the US; Sweden; Germany; United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars.

Volvo Car AB (OSTO:VOLCAR B) Headlines

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