Corteva (Corteva) Days Payable : 153.46 (As of Dec. 2023)

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What is Corteva Days Payable?

Corteva's average Accounts Payable for the three months ended in Dec. 2023 was $3,979 Mil. Corteva's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,366 Mil. Hence, Corteva's Days Payable for the three months ended in Dec. 2023 was 153.46.

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

CTVA' s Days Payable Range Over the Past 10 Years
Min: 95.47 Med: 155.1 Max: 168.79
Current: 148.57

During the past 8 years, Corteva's highest Days Payable was 168.79. The lowest was 95.47. And the median was 155.10.

CTVA's Days Payable is ranked better than
81.55% of 233 companies
in the Agriculture industry
Industry Median: 78.58 vs CTVA: 148.57

Corteva's Days Payable declined from Dec. 2022 (164.23) to Dec. 2023 (153.46). It may suggest that Corteva accelerated paying its suppliers.

Corteva Days Payable Historical Data

The historical data trend for Corteva'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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Corteva Days Payable Chart

Corteva Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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134.17

156.97

153.22

157.76

168.79

Corteva 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															164.23	145.75	106.70	195.61	153.46

Competitive Comparison of Corteva's Days Payable

For the Agricultural Inputs subindustry, Corteva'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.

Corteva's Days Payable Distribution in the Agriculture Industry

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

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

Corteva 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.

Corteva'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
=	( (4895	+	4280)	/	2 )	/	9920	*	365
=	4587.5					/	9920	*	365
=	168.79

Corteva'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
=	( (3678	+	4280)	/	2 )	/	2366	*	365 / 4
=	3979					/	2366	*	365 / 4
=	153.46

Corteva Days Payable Related Terms

Thank you for viewing the detailed overview of Corteva's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Corteva (Corteva) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Corteva Inc (NYSE:CTVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTVA:Mexico 2X0:Germany 2X0:Germany 2X0:Germany C1TV34:Brazil CTVA:Austria

Address

974 Centre Road, Wilmington, DE, USA, 19805

Website

https://www.corteva.com

Corteva is an agriculture pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop chemicals products. Seeds and crop protection chemicals each make up around half of profits. Although Corteva operates globally, around half of revenue comes from North America.

Executives

Samuel R Eathington	officer: SVP, Chief Technology Officer	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Robert D. King	officer: EVP, Crop Protection Business	C/O CORTEVA, INC., 9330 ZIONSVILLE ROAD, INDIANAPOLIS IN 46268
Timothy P Glenn	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Fuerer Cornel B	director, officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
David J Anderson	officer: EVP, Chief Financial Officer	C/O HONEYWELL INTERNATIONAL INC, 101 COLUMBIA ROAD, MORRISTOWN NJ 09762
Charles V. Magro	director, officer: CEO	C/O CORTEVA, INC., 974 CENTRE ROAD, CRP 735, WILMINGTON DE 19805
Audrey Grimm	officer: See Remarks	C/O CORTEVA, INC., 9330 ZIONSVILLE ROAD, INDIANAPOLIS IN 46268
Klaus A Engel	director	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Meghan Cassidy	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Brian Titus	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Rajan Gajaria	officer: See Remarks	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122
Kerry J Preete	director	800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
David C Everitt	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Karen H. Grimes	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034