On Holding AG (On Holding AG) Days Payable : 41.51 (As of Dec. 2023)

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What is On Holding AG Days Payable?

On Holding AG's average Accounts Payable for the three months ended in Dec. 2023 was $93 Mil. On Holding AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $205 Mil. Hence, On Holding AG's Days Payable for the three months ended in Dec. 2023 was 41.51.

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

ONON' s Days Payable Range Over the Past 10 Years
Min: 42.33 Med: 52.99 Max: 55.17
Current: 49.37

During the past 5 years, On Holding AG's highest Days Payable was 55.17. The lowest was 42.33. And the median was 52.99.

ONON's Days Payable is ranked worse than
56.74% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs ONON: 49.37

On Holding AG's Days Payable declined from Dec. 2022 (49.99) to Dec. 2023 (41.51). It may suggest that On Holding AG accelerated paying its suppliers.

On Holding AG Days Payable Historical Data

The historical data trend for On Holding 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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On Holding AG Days Payable Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

48.32

52.99

55.17

53.48

42.33

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											49.99	62.72	55.10	44.90	41.51

Competitive Comparison of On Holding AG's Days Payable

For the Footwear & Accessories subindustry, On Holding 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.

On Holding AG's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Days Payable distribution charts can be found below:

* The bar in red indicates where On Holding AG's Days Payable falls into.

On Holding 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.

On Holding 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
=	( (119.15	+	75.278)	/	2 )	/	838.228	*	365
=	97.214					/	838.228	*	365
=	42.33

On Holding 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (110.938	+	75.278)	/	2 )	/	204.671	*	365 / 4
=	93.108					/	204.671	*	365 / 4
=	41.51

On Holding AG Days Payable Related Terms

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On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.