Hexcel (Hexcel) Days Payable : 37.01 (As of Mar. 2024)

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What is Hexcel Days Payable?

Hexcel's average Accounts Payable for the three months ended in Mar. 2024 was $144 Mil. Hexcel's Cost of Goods Sold for the three months ended in Mar. 2024 was $354 Mil. Hence, Hexcel's Days Payable for the three months ended in Mar. 2024 was 37.01.

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

HXL' s Days Payable Range Over the Past 10 Years
Min: 31.11 Med: 36.21 Max: 44.5
Current: 33.04

During the past 13 years, Hexcel's highest Days Payable was 44.50. The lowest was 31.11. And the median was 36.21.

HXL's Days Payable is ranked worse than
85.52% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.75 vs HXL: 33.04

Hexcel's Days Payable declined from Mar. 2023 (38.37) to Mar. 2024 (37.01). It may suggest that Hexcel accelerated paying its suppliers.

Hexcel Days Payable Historical Data

The historical data trend for Hexcel'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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Hexcel Days Payable Chart

Hexcel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.99

32.90

31.11

40.18

42.35

Hexcel 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															38.37	31.81	29.96	33.07	37.01

Competitive Comparison of Hexcel's Days Payable

For the Aerospace & Defense subindustry, Hexcel'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.

Hexcel's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hexcel's Days Payable distribution charts can be found below:

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

Hexcel 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.

Hexcel'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
=	( (155.5	+	159.1)	/	2 )	/	1355.8	*	365
=	157.3					/	1355.8	*	365
=	42.35

Hexcel'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
=	( (159.1	+	128.1)	/	2 )	/	354.1	*	365 / 4
=	143.6					/	354.1	*	365 / 4
=	37.01

Hexcel Days Payable Related Terms

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Hexcel (Hexcel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hexcel Corp (NYSE:HXL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HXL:Germany

Address

281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website

https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.

Executives

Gail E Lehman	officer: See Remarks	801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Marilyn Minus	director	C/O NORTHEASTERN UNIVERSITY, 360 HUNTINGTON AVENUE, MIE DEPT., 334SN, BOSTON MA 2115-5000
Thierry Merlot	officer: See Remarks	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., STAMFORD CT 06901--326
Philippe Chevrier	officer: See Remarks	C/O HEXCEL CORPORATION, TWO STAMFORD PLAZA, 281 TRESSER BLVD., STAMFORD CT 06901
Gina Fitzsimons	officer: See Remarks	C/O HEXCEL CORPORATION, TWO STAMFORD PLAZA, 281 TRESSER BLVD., STAMFORD CT 06901
Robert George Hennemuth	officer: See Remarks	C/O HEXCEL CORPORATION, 281 TRESSER BLVD. 16TH FLOOR, STAMFORD CT 06901
Nick L Stanage	officer: President	20807 DECATUR STREET, CASSOPOLIS MI 49031
Amy S Evans	officer: See Remarks	2701 SPRUCE STREET, QUINCY IL 62301
Kimberly A. Hendricks	officer: SVP, Corp. Controller & CAO	521 WEST 57TH STREET, NEW YORK NY 10019
Brett Raymond Schneider	officer: President - Global Fibers	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD CT 06901
Timothy Swords	officer: President, Industrial	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., STAMFORD CT 06901-3261
Pritchett Colleen	officer: See Remarks	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD CT 06901
Jeffrey A Graves	director	C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422
Patrick Winterlich	officer: See Remarks	HEXCEL CORPORATION, 281 TRESSER BLVD., STAMFORD CT 06901
Guy C Hachey	director	5725 DELPHI DRIVE, TROY MI 48098