AGCO (FRA:AGJ) Days Payable : 51.59 (As of Mar. 2024)

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What is AGCO Days Payable?

AGCO's average Accounts Payable for the three months ended in Mar. 2024 was €1,123 Mil. AGCO's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,986 Mil. Hence, AGCO's Days Payable for the three months ended in Mar. 2024 was 51.59.

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

FRA:AGJ' s Days Payable Range Over the Past 10 Years
Min: 38.86 Med: 44.37 Max: 46.59
Current: 46.5

During the past 13 years, AGCO's highest Days Payable was 46.59. The lowest was 38.86. And the median was 44.37.

FRA:AGJ's Days Payable is ranked worse than
77.56% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.96 vs FRA:AGJ: 46.50

AGCO's Days Payable declined from Mar. 2023 (52.03) to Mar. 2024 (51.59). It may suggest that AGCO accelerated paying its suppliers.

AGCO Days Payable Historical Data

The historical data trend for AGCO'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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AGCO Days Payable Chart

AGCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.53

47.78

39.89

45.32

45.19

AGCO 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															52.03	45.91	48.47	41.19	51.59

Competitive Comparison of AGCO's Days Payable

For the Farm & Heavy Construction Machinery subindustry, AGCO'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.

AGCO's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AGCO's Days Payable distribution charts can be found below:

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

AGCO 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.

AGCO'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
=	( (1307.723	+	1107.094)	/	2 )	/	9752.295	*	365
=	1207.4085					/	9752.295	*	365
=	45.19

AGCO'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
=	( (1107.094	+	1138.96)	/	2 )	/	1986.188	*	365 / 4
=	1123.027					/	1986.188	*	365 / 4
=	51.59

AGCO Days Payable Related Terms

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AGCO (FRA:AGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AGCO Corp (FRA:AGJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AGCO:USA AGCO:Mexico AGJ:Germany

Address

4205 River Green Parkway, Duluth, GA, USA, 30096

Website

https://www.agcocorp.com

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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