Lear (LEA) Days Payable : 58.67 (As of Dec. 2023)

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What is Lear Days Payable?

Lear's average Accounts Payable for the three months ended in Dec. 2023 was $3,495 Mil. Lear's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,436 Mil. Hence, Lear's Days Payable for the three months ended in Dec. 2023 was 58.67.

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

LEA' s Days Payable Range Over the Past 10 Years
Min: 55.7 Med: 57.55 Max: 68.29
Current: 58.44

During the past 13 years, Lear's highest Days Payable was 68.29. The lowest was 55.70. And the median was 57.55.

LEA's Days Payable is ranked worse than
56.46% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs LEA: 58.44

Lear's Days Payable declined from Dec. 2022 (59.18) to Dec. 2023 (58.67). It may suggest that Lear accelerated paying its suppliers.

Lear Days Payable Historical Data

The historical data trend for Lear'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.

* Premium members only.

Lear Days Payable Chart

Lear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.40

68.29

62.23

57.69

55.70

Lear 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															59.18	57.16	59.44	61.24	58.67

Competitive Comparison of Lear's Days Payable

For the Auto Parts subindustry, Lear'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.

Lear's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lear's Days Payable distribution charts can be found below:

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

Lear 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.

Lear'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
=	( (3206.1	+	3434.2)	/	2 )	/	21756.5	*	365
=	3320.15					/	21756.5	*	365
=	55.70

Lear'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
=	( (3556.5	+	3434.2)	/	2 )	/	5436	*	365 / 4
=	3495.35					/	5436	*	365 / 4
=	58.67

Lear Days Payable Related Terms

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

Lear (LEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lear Corp (NYSE:LEA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LE6N:Germany

Address

21557 Telegraph Road, Southfield, MI, USA, 48033

Website

https://www.lear.com

Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.

Executives

Raymond E Scott	director, officer: President & CEO
Carl A. Esposito	officer: SVP & President, E-Systems	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jason M Cardew	officer: SVP & CFO	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Frank C Orsini	officer: EVP & President, Seating	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Mallett Conrad L Jr	director
Greg C Smith	director	FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124
Marianne Vidershain	officer: VP, Treasurer	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jonathan F Foster	director	777 THIRD AVE, 30TH FL, NEW YORK NY 10017
Thomas A Didonato	officer: SVP & CAO	AMERICAN EAGLE OUTFITTERS, INC., 150 THORN HILL DRIVE, WARRENDALE PA 15095
Alicia J. Davis	officer: SVP, Corp Dev & Inv Relations	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Roger A Krone	director
Patricia L Lewis	director	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Bradley M Halverson	director	100 N.E. ADAMS STREET, PEORIA IL 61629
Shari L Burgess	officer: VP & Treasurer
Harry Albert Kemp	officer: SVP, Gen Counsel & Corp Sec	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033