Solvay (XBRU:SOLB) Days Payable : 0.00 (As of Dec. 2023)

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What is Solvay Days Payable?

Solvay's average Accounts Payable for the three months ended in Dec. 2023 was €1,247 Mil. Solvay's Cost of Goods Sold for the three months ended in Dec. 2023 was €-2,445 Mil.

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

XBRU:SOLB' s Days Payable Range Over the Past 10 Years
Min: 60.12 Med: 68.94 Max: 134.09
Current: 134.09

During the past 13 years, Solvay's highest Days Payable was 134.09. The lowest was 60.12. And the median was 68.94.

XBRU:SOLB's Days Payable is ranked better than
86.78% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs XBRU:SOLB: 134.09

Solvay's Days Payable declined from Dec. 2022 (76.56) to Dec. 2023 (0.00). It may suggest that Solvay accelerated paying its suppliers.

Solvay Days Payable Historical Data

The historical data trend for Solvay'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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Solvay Days Payable Chart

Solvay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.12

62.65

71.39

123.27

123.68

Solvay 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															76.56	77.26	69.87	73.10	-

Competitive Comparison of Solvay's Days Payable

For the Chemicals subindustry, Solvay'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.

Solvay's Days Payable Distribution in the Chemicals Industry

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

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

Solvay 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.

Solvay'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
=	( (2296	+	850)	/	2 )	/	4642	*	365
=	1573					/	4642	*	365
=	123.68

Solvay'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
=	( (1644	+	850)	/	2 )	/	-2445	*	365 / 4
=	1247					/	-2445	*	365 / 4
=	N/A

Solvay Days Payable Related Terms

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Solvay (XBRU:SOLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solvay SA (XBRU:SOLB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SVYSF:USA SLVYY:USA SOLBb:UK 0NZR:UK SOL:Germany SOLB:Austria

Address

Rue De Ransbeek, 310, Brussels, BEL, B-1120

Website

https://www.solvay.com

Solvay is a Belgium-based producer of chemicals, plastics, and composites. The company has a top-three market position for nearly all of its products. Key business segments include materials, chemicals, and solutions. High-value products include aerospace composites and specialty polymers while traditional chemical products include soda ash and hydrogen peroxide. Geographical exposure is relatively balanced, with Europe, North America, and Asia each contributing a third of sales.

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