Element Solutions (STU:PLQ) Days Payable : 37.75 (As of Mar. 2024)

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What is Element Solutions Days Payable?

Element Solutions's average Accounts Payable for the three months ended in Mar. 2024 was €126 Mil. Element Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was €304 Mil. Hence, Element Solutions's Days Payable for the three months ended in Mar. 2024 was 37.75.

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

STU:PLQ' s Days Payable Range Over the Past 10 Years
Min: 29.68 Med: 34.83 Max: 153.29
Current: 37.21

During the past 13 years, Element Solutions's highest Days Payable was 153.29. The lowest was 29.68. And the median was 34.83.

STU:PLQ's Days Payable is ranked worse than
73.27% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs STU:PLQ: 37.21

Element Solutions's Days Payable increased from Mar. 2023 (37.49) to Mar. 2024 (37.75). It may suggest that Element Solutions delayed paying its suppliers.

Element Solutions Days Payable Historical Data

The historical data trend for Element Solutions'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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Element Solutions Days Payable Chart

Element Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.03

34.46

28.81

29.94

35.69

Element Solutions 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															37.49	37.91	36.48	37.15	37.75

Competitive Comparison of Element Solutions's Days Payable

For the Specialty Chemicals subindustry, Element Solutions'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.

Element Solutions's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Element Solutions's Days Payable falls into.

Element Solutions 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.

Element Solutions'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
=	( (124.797	+	128.93)	/	2 )	/	1297.28	*	365
=	126.8635					/	1297.28	*	365
=	35.69

Element Solutions'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
=	( (128.93	+	122.268)	/	2 )	/	303.6	*	365 / 4
=	125.599					/	303.6	*	365 / 4
=	37.75

Element Solutions Days Payable Related Terms

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Element Solutions (STU:PLQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Element Solutions Inc (STU:PLQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESI:USA PLQ:Germany

Address

500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, USA, 33394

Website

https://www.elementsolutionsinc.com

Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment researches, formulates and sells specialty chemicals and process technologies that enhance surfaces or improve industrial processes in diverse industrial sectors from automotive trim to transcontinental infrastructure and from high-speed printing to high-design faucets. The electronics segment researches, formulates and sells specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.

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