Lanxess AG (XTER:LXS) Days Payable : 40.98 (As of Mar. 2024)

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What is Lanxess AG Days Payable?

Lanxess AG's average Accounts Payable for the three months ended in Mar. 2024 was €596 Mil. Lanxess AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,327 Mil. Hence, Lanxess AG's Days Payable for the three months ended in Mar. 2024 was 40.98.

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

XTER:LXS' s Days Payable Range Over the Past 10 Years
Min: 42.34 Med: 51.86 Max: 73.71
Current: 42.63

During the past 13 years, Lanxess AG's highest Days Payable was 73.71. The lowest was 42.34. And the median was 51.86.

XTER:LXS's Days Payable is ranked worse than
68.51% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs XTER:LXS: 42.63

Lanxess AG's Days Payable declined from Mar. 2023 (44.13) to Mar. 2024 (40.98). It may suggest that Lanxess AG accelerated paying its suppliers.

Lanxess AG Days Payable Historical Data

The historical data trend for Lanxess AG'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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Lanxess AG Days Payable Chart

Lanxess AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.51

53.65

67.36

50.94

43.33

Lanxess AG 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															44.13	40.96	41.83	44.56	40.98

Competitive Comparison of Lanxess AG's Days Payable

For the Specialty Chemicals subindustry, Lanxess AG'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.

Lanxess AG's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Lanxess AG's Days Payable falls into.

Lanxess AG 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.

Lanxess AG'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
=	( (709	+	584)	/	2 )	/	5446	*	365
=	646.5					/	5446	*	365
=	43.33

Lanxess AG'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
=	( (584	+	608)	/	2 )	/	1327	*	365 / 4
=	596					/	1327	*	365 / 4
=	40.98

Lanxess AG Days Payable Related Terms

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Lanxess AG (XTER:LXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (XTER:LXS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LNXSY:USA LNXSF:USA 1LXS:Italy LXSd:UK 0H7I:UK LX9B:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://www.lanxess.com

Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

Executives

Frederique Van Baarle	Board of Directors
Oliver Stratmann	Board of Directors
Matthias Zachert	Board of Directors
Dr. Anno Borkowsky	Board of Directors
Dr. Hubert Fink	Board of Directors
Michael Pontzen	Board of Directors

Lanxess AG (XTER:LXS) Headlines

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