Celanese (LTS:0HUR) Days Payable : 64.68 (As of Dec. 2023)

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What is Celanese Days Payable?

Celanese's average Accounts Payable for the three months ended in Dec. 2023 was $1,387 Mil. Celanese's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,956 Mil. Hence, Celanese's Days Payable for the three months ended in Dec. 2023 was 64.68.

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

LTS:0HUR' s Days Payable Range Over the Past 10 Years
Min: 54.76 Med: 59.13 Max: 67.01
Current: 61.11

During the past 13 years, Celanese's highest Days Payable was 67.01. The lowest was 54.76. And the median was 59.13.

LTS:0HUR's Days Payable is ranked better than
50.23% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs LTS:0HUR: 61.11

Celanese's Days Payable increased from Dec. 2022 (61.47) to Dec. 2023 (64.68). It may suggest that Celanese delayed paying its suppliers.

Celanese Days Payable Historical Data

The historical data trend for Celanese'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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Celanese Days Payable Chart

Celanese Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.21

65.98

61.00

67.01

66.28

Celanese Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															61.47	60.84	58.15	55.77	64.68

Competitive Comparison of Celanese's Days Payable

For the Chemicals subindustry, Celanese'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.

Celanese's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Celanese's Days Payable distribution charts can be found below:

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

Celanese 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.

Celanese'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
=	( (1518	+	1510)	/	2 )	/	8337	*	365
=	1514					/	8337	*	365
=	66.28

Celanese'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1263	+	1510)	/	2 )	/	1956	*	365 / 4
=	1386.5					/	1956	*	365 / 4
=	64.68

Celanese Days Payable Related Terms

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Celanese (LTS:0HUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Celanese Corp (LTS:0HUR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CE:USA DG3:Germany C1NS34:Brazil

Address

222 W. Las Colinas Boulevard, Suite 900N, Irving, TX, USA, 75039-5421

Website

https://www.celanese.com

Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.

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