Forbo Holding AG (XSWX:FORN) Days Payable : 37.81 (As of Dec. 2023)

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What is Forbo Holding AG Days Payable?

Forbo Holding AG's average Accounts Payable for the six months ended in Dec. 2023 was CHF78 Mil. Forbo Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF374 Mil. Hence, Forbo Holding AG's Days Payable for the six months ended in Dec. 2023 was 37.81.

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

XSWX:FORN' s Days Payable Range Over the Past 10 Years
Min: 40.5 Med: 46.46 Max: 49.66
Current: 40.5

During the past 13 years, Forbo Holding AG's highest Days Payable was 49.66. The lowest was 40.50. And the median was 46.46.

XSWX:FORN's Days Payable is ranked worse than
79.18% of 1604 companies
in the Construction industry
Industry Median: 75.68 vs XSWX:FORN: 40.50

Forbo Holding AG's Days Payable declined from Dec. 2022 (43.28) to Dec. 2023 (37.81). It may suggest that Forbo Holding AG accelerated paying its suppliers.

Forbo Holding AG Days Payable Historical Data

The historical data trend for Forbo Holding 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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Forbo Holding AG Days Payable Chart

Forbo Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.97

49.66

46.95

45.97

44.69

Forbo Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															43.22	43.70	43.28	38.98	37.81

Competitive Comparison of Forbo Holding AG's Days Payable

For the Building Products & Equipment subindustry, Forbo Holding 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.

Forbo Holding AG's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's Days Payable distribution charts can be found below:

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

Forbo Holding 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.

Forbo Holding 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
=	( (102.5	+	86.9)	/	2 )	/	773.5	*	365
=	94.7					/	773.5	*	365
=	44.69

Forbo Holding AG's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (68.1	+	86.9)	/	2 )	/	374.1	*	365 / 2
=	77.5					/	374.1	*	365 / 2
=	37.81

Forbo Holding AG Days Payable Related Terms

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Forbo Holding AG (XSWX:FORN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forbo Holding AG (XSWX:FORN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FORNz:UK

Address

Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341

Website

https://www.forbo.com

Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe.

Forbo Holding AG (XSWX:FORN) Headlines

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