Coca-Cola HBC AG (LSE:CCH) Days Payable : 59.49 (As of Dec. 2023)

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What is Coca-Cola HBC AG Days Payable?

Coca-Cola HBC AG's average Accounts Payable for the six months ended in Dec. 2023 was £945 Mil. Coca-Cola HBC AG's Cost of Goods Sold for the six months ended in Dec. 2023 was £2,900 Mil. Hence, Coca-Cola HBC AG's Days Payable for the six months ended in Dec. 2023 was 59.49.

The historical rank and industry rank for Coca-Cola HBC AG's Days Payable or its related term are showing as below:

LSE:CCH' s Days Payable Range Over the Past 10 Years
Min: 44.36 Med: 48.92 Max: 56.67
Current: 56.67

During the past 13 years, Coca-Cola HBC AG's highest Days Payable was 56.67. The lowest was 44.36. And the median was 48.92.

LSE:CCH's Days Payable is ranked worse than
55.56% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 59.3 vs LSE:CCH: 56.67

Coca-Cola HBC AG's Days Payable increased from Dec. 2022 (52.47) to Dec. 2023 (59.49). It may suggest that Coca-Cola HBC AG delayed paying its suppliers.

Coca-Cola HBC AG Days Payable Historical Data

The historical data trend for Coca-Cola HBC 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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Coca-Cola HBC AG Days Payable Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.20

55.10

51.89

48.53

56.56

Coca-Cola HBC 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															49.09	44.41	52.47	53.75	59.49

Competitive Comparison of Coca-Cola HBC AG's Days Payable

For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC 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.

Coca-Cola HBC AG's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Coca-Cola HBC AG's Days Payable falls into.

Coca-Cola HBC 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.

Coca-Cola HBC 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
=	( (823.783	+	945.415)	/	2 )	/	5708.848	*	365
=	884.599					/	5708.848	*	365
=	56.56

Coca-Cola HBC 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
=	( (0	+	945.415)	/	1 )	/	2900.428	*	365 / 2
=	945.415					/	2900.428	*	365 / 2
=	59.49

Coca-Cola HBC AG Days Payable Related Terms

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Coca-Cola HBC AG (LSE:CCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (LSE:CCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CCHGY:USA CCHBF:USA EEE:Greece CCHl:UK C0Q:Germany

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC, or HBC, is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola FEMSA and Coca-Cola Europacific Partners, or CCEP. In 2022, HBC sold 2.7 billion unit cases of beverages. For context, Coke's largest bottler, Coke FEMSA, sold 3.75 billion unit cases in Latin America, and the second-largest, CCEP, serving Europe, Southeast Asia, and the South Pacific region, sold 3.3 billion unit cases. There is a long tail of Coke distributors, including brewers and independent operators with very small distribution territories.HBC is listed on the LSE. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of HBC, and The Coca-Cola Company, or TCCC, holds a further 21%. The remaining 56% is free float.

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