Resonac Holdings (Resonac Holdings) Days Payable : 57.48 (As of Dec. 2023)

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What is Resonac Holdings Days Payable?

Resonac Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $1,218 Mil. Resonac Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,933 Mil. Hence, Resonac Holdings's Days Payable for the three months ended in Dec. 2023 was 57.48.

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

SHWDY' s Days Payable Range Over the Past 10 Years
Min: 59.75 Med: 66.2 Max: 69.86
Current: 62.7

During the past 13 years, Resonac Holdings's highest Days Payable was 69.86. The lowest was 59.75. And the median was 66.20.

SHWDY's Days Payable is ranked better than
52.86% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs SHWDY: 62.70

Resonac Holdings's Days Payable declined from Dec. 2022 (61.81) to Dec. 2023 (57.48). It may suggest that Resonac Holdings accelerated paying its suppliers.

Resonac Holdings Days Payable Historical Data

The historical data trend for Resonac Holdings'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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Resonac Holdings Days Payable Chart

Resonac Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.82

61.88

65.46

73.87

67.32

Resonac Holdings 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															61.81	67.71	62.79	63.13	57.48

Competitive Comparison of Resonac Holdings's Days Payable

For the Chemicals subindustry, Resonac Holdings'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.

Resonac Holdings's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Resonac Holdings's Days Payable falls into.

Resonac Holdings 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.

Resonac Holdings'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
=	( (1438.345	+	1231.929)	/	2 )	/	7238.791	*	365
=	1335.137					/	7238.791	*	365
=	67.32

Resonac Holdings'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
=	( (1203.443	+	1231.929)	/	2 )	/	1932.95	*	365 / 4
=	1217.686					/	1932.95	*	365 / 4
=	57.48

Resonac Holdings Days Payable Related Terms

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Resonac Holdings (Resonac Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Resonac Holdings Corp (OTCPK:SHWDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SHWDF:USA 4004:Japan SWD:Germany

Address

1-13-9 Shibadaimon, Minato-ku, Tokyo, JPN, 105-8518

Website

https://www.resonac.com

Resonac Holdings Corp manufactures and sells chemicals, aluminum, and electronics. The firm organizes itself into four segments, which are the Semiconductor and Electronic materials segment, the Mobility segment, the Chemicals segment, and the Innovations Enabling segment. Geographically the company derives sales from Japan, China, Asia excluding Japan and China, and the rest of the world. The majority of sales are derived from Japan.