Smurfit Kappa Group (DUB:SK3) Days Payable : 87.55 (As of Dec. 2023)

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What is Smurfit Kappa Group Days Payable?

Smurfit Kappa Group's average Accounts Payable for the six months ended in Dec. 2023 was €1,729 Mil. Smurfit Kappa Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,604 Mil. Hence, Smurfit Kappa Group's Days Payable for the six months ended in Dec. 2023 was 87.55.

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

DUB:SK3' s Days Payable Range Over the Past 10 Years
Min: 58.62 Med: 63.02 Max: 79.13
Current: 79.13

During the past 13 years, Smurfit Kappa Group's highest Days Payable was 79.13. The lowest was 58.62. And the median was 63.02.

DUB:SK3's Days Payable is ranked better than
66.12% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs DUB:SK3: 79.13

Smurfit Kappa Group's Days Payable declined from Dec. 2022 (88.51) to Dec. 2023 (87.55). It may suggest that Smurfit Kappa Group accelerated paying its suppliers.

Smurfit Kappa Group Days Payable Historical Data

The historical data trend for Smurfit Kappa 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.

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Smurfit Kappa Group Days Payable Chart

Smurfit Kappa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.94

64.44

62.36

58.99

62.59

Smurfit Kappa Group 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															82.48	88.42	88.51	87.25	87.55

Competitive Comparison of Smurfit Kappa Group's Days Payable

For the Packaging & Containers subindustry, Smurfit Kappa 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.

Smurfit Kappa Group's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Smurfit Kappa Group's Days Payable distribution charts can be found below:

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

Smurfit Kappa 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.

Smurfit Kappa 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
=	( (1410	+	1157)	/	2 )	/	7485	*	365
=	1283.5					/	7485	*	365
=	62.59

Smurfit Kappa Group'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
=	( (2301	+	1157)	/	2 )	/	3604	*	365 / 2
=	1729					/	3604	*	365 / 2
=	87.55

Smurfit Kappa Group Days Payable Related Terms

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Smurfit Kappa Group (DUB:SK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Smurfit Kappa Group PLC (DUB:SK3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SMFTF:USA SMFKY:USA SKGl:UK SKG:UK SK3:Germany

Address

Beech Hill, Clonskeagh, Dublin 4, IRL, D04 N2R2

Website

https://www.smurfitkappa.com

Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.

Smurfit Kappa Group (DUB:SK3) Headlines

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