Hochdorf Holding AG (XSWX:HOCN) Days Payable : 24.28 (As of Dec. 2023)

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What is Hochdorf Holding AG Days Payable?

Hochdorf Holding AG's average Accounts Payable for the six months ended in Dec. 2023 was CHF15.1 Mil. Hochdorf Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF113.9 Mil. Hence, Hochdorf Holding AG's Days Payable for the six months ended in Dec. 2023 was 24.28.

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

XSWX:HOCN' s Days Payable Range Over the Past 10 Years
Min: 31.94 Med: 50.86 Max: 60.4
Current: 31.94

During the past 13 years, Hochdorf Holding AG's highest Days Payable was 60.40. The lowest was 31.94. And the median was 50.86.

XSWX:HOCN's Days Payable is ranked worse than
68.57% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs XSWX:HOCN: 31.94

Hochdorf Holding AG's Days Payable declined from Dec. 2022 (44.65) to Dec. 2023 (24.28). It may suggest that Hochdorf Holding AG accelerated paying its suppliers.

Hochdorf Holding AG Days Payable Historical Data

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

Hochdorf Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.65

51.56

37.35

43.82

40.31

Hochdorf 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															38.49	41.12	44.65	31.58	24.28

Competitive Comparison of Hochdorf Holding AG's Days Payable

For the Packaged Foods subindustry, Hochdorf 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.

Hochdorf Holding AG's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Hochdorf 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.

Hochdorf 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
=	( (26.851	+	21.225)	/	2 )	/	217.659	*	365
=	24.038					/	217.659	*	365
=	40.31

Hochdorf 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
=	( (9.072	+	21.225)	/	2 )	/	113.869	*	365 / 2
=	15.1485					/	113.869	*	365 / 2
=	24.28

Hochdorf Holding AG Days Payable Related Terms

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Hochdorf Holding AG (XSWX:HOCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hochdorf Holding AG (XSWX:HOCN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HOCNz:UK

Address

Siedereistrasse 9, Postfach 691, Hochdorf, CHE, 6281

Website

https://www.hochdorf.com

Hochdorf Holding AG is a food company. It produces and sells food products to the food industry and the wholesale and retail trade in the international markets. The group operates in the business of Food Solutions and Baby Care It produces, and markets powder products based on milk and whey, and also produces and markets cereals. The firm generates the majority of its revenue from the Dairy ingredients segment which includes products like cream, milk concentrate, skimmed milk powder, whole milk powder, cream powder, fat powder, milk protein powder, whey powder, whey protein powder, permeate powder, butter, buttermilk, and curd. Geographically, the Food Solutions division focuses on Switzerland.

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