Volvo Group (XBRU:VLV) Days Payable : 82.39 (As of Mar. 2024)

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What is Volvo Group Days Payable?

Volvo Group's average Accounts Payable for the three months ended in Mar. 2024 was €7,531 Mil. Volvo Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €8,341 Mil. Hence, Volvo Group's Days Payable for the three months ended in Mar. 2024 was 82.39.

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

XBRU:VLV' s Days Payable Range Over the Past 10 Years
Min: 78.33 Med: 86.05 Max: 91.7
Current: 80.38

During the past 13 years, Volvo Group's highest Days Payable was 91.70. The lowest was 78.33. And the median was 86.05.

XBRU:VLV's Days Payable is ranked better than
54.63% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs XBRU:VLV: 80.38

Volvo Group's Days Payable declined from Mar. 2023 (87.71) to Mar. 2024 (82.39). It may suggest that Volvo Group accelerated paying its suppliers.

Volvo Group Days Payable Historical Data

The historical data trend for Volvo Group'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.

* Premium members only.

Volvo Group Days Payable Chart

Volvo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.58

87.63

88.47

86.94

79.05

Volvo Group 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															87.71	85.78	86.45	68.11	82.39

Competitive Comparison of Volvo Group's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Volvo Group'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.

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

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

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

Volvo Group 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.

Volvo Group'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
=	( (8202.649	+	7418.8)	/	2 )	/	36066.646	*	365
=	7810.7245					/	36066.646	*	365
=	79.05

Volvo Group'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
=	( (7418.8	+	7643.176)	/	2 )	/	8341.264	*	365 / 4
=	7530.988					/	8341.264	*	365 / 4
=	82.39

Volvo Group Days Payable Related Terms

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Volvo Group (XBRU:VLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Volvo Group (XBRU:VLV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VOLVF:USA VOLAF:USA VLVLY:USA VOLV B:Sweden VOLV A:Sweden VOLVBs:UK 0MHW:UK 0HTP:UK VOL1:Germany VOLVB:Czech Republic

Address

Gropegardsgatan 2, Gothenburg, SWE, 417 15

Website

https://www.volvogroup.com

Volvo AB drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase the customers' uptime and productivity.

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