Coty (COTY) Days Payable : 253.75 (As of Mar. 2024)

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What is Coty Days Payable?

Coty's average Accounts Payable for the three months ended in Mar. 2024 was $1,357 Mil. Coty's Cost of Goods Sold for the three months ended in Mar. 2024 was $488 Mil. Hence, Coty's Days Payable for the three months ended in Mar. 2024 was 253.75.

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

COTY' s Days Payable Range Over the Past 10 Years
Min: 148.87 Med: 230.29 Max: 256.54
Current: 231.05

During the past 13 years, Coty's highest Days Payable was 256.54. The lowest was 148.87. And the median was 230.29.

COTY's Days Payable is ranked better than
94.52% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs COTY: 231.05

Coty's Days Payable declined from Mar. 2023 (276.50) to Mar. 2024 (253.75). It may suggest that Coty accelerated paying its suppliers.

Coty Days Payable Historical Data

The historical data trend for Coty'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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Coty Days Payable Chart

Coty Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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256.54

254.23

230.99

229.58

246.72

Coty 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															276.50	259.19	214.62	214.58	253.75

Competitive Comparison of Coty's Days Payable

For the Household & Personal Products subindustry, Coty'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.

Coty's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Coty's Days Payable distribution charts can be found below:

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

Coty 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.

Coty's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1268.3	+	1444.7)	/	2 )	/	2006.8	*	365
=	1356.5					/	2006.8	*	365
=	246.72

Coty'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
=	( (1462.9	+	1250.1)	/	2 )	/	487.8	*	365 / 4
=	1356.5					/	487.8	*	365 / 4
=	253.75

Coty Days Payable Related Terms

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Coty (COTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coty Inc (NYSE:COTY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

COTY:France CO3A:Germany CO3A:Germany COTY34:Brazil

Address

350 Fifth Avenue, New York, NY, USA, 10118

Website

https://www.coty.com

Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.

Executives

Isabelle Parize	director	350 FIFTH AVENUE, NEW YORK NY 10118
Jab Holdings B.v.	10 percent owner	PIET HEINKADE 55, AMSTERDAM P7 NL 1019 GM
Maria Asunicion Aramburuzabala	director	PASEO DE LOS TAMARINDOS 400, TORRE B PISO 25, MEXICO DF O5 0000
Priya Srinivasan	officer: Chief People & Purpose Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Rochet Lubomira	director	6425 HALL OF FAME LANE, FRISCO TX 75034
Olivier Goudet	director	350 FIFTH AVENUE, NEW YORK NY 10118
Robert S Singer	director	6301 FITCH PATH, NEW ALBANY OH 43054
Bretten Gordon Von	officer: Chief Transformation Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Kkr Rainbow Aggregator L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Laurent Mercier	officer: Chief Financial Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Anna Adeola Makanju	director	350 FIFTH AVENUE, NEW YORK NY 10118
Bayern Anna Von	officer: Chief Corp. Affairs Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Johannes P Huth	director
Sue Nabi	director, officer: Chief Executive Officer	350 FIFTH AVENUE, NEW YORK NY 10118