Creta Plastics (ATH:PLAKR) Days Payable : 31.22 (As of Dec. 2023)

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What is Creta Plastics Days Payable?

Creta Plastics's average Accounts Payable for the six months ended in Dec. 2023 was €22.8 Mil. Creta Plastics's Cost of Goods Sold for the six months ended in Dec. 2023 was €133.5 Mil. Hence, Creta Plastics's Days Payable for the six months ended in Dec. 2023 was 31.22.

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

ATH:PLAKR' s Days Payable Range Over the Past 10 Years
Min: 27.73 Med: 31.78 Max: 39.39
Current: 31.59

During the past 13 years, Creta Plastics's highest Days Payable was 39.39. The lowest was 27.73. And the median was 31.78.

ATH:PLAKR's Days Payable is ranked worse than
79.29% of 1502 companies
in the Chemicals industry
Industry Median: 60.55 vs ATH:PLAKR: 31.59

Creta Plastics's Days Payable declined from Dec. 2022 (35.95) to Dec. 2023 (31.22). It may suggest that Creta Plastics accelerated paying its suppliers.

Creta Plastics Days Payable Historical Data

The historical data trend for Creta Plastics'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.

Creta Plastics Days Payable Chart

Creta Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.23

33.02

31.33

32.76

32.22

Creta Plastics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															32.16	34.82	35.95	31.34	31.22

Competitive Comparison of Creta Plastics's Days Payable

For the Specialty Chemicals subindustry, Creta Plastics'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.

Creta Plastics's Days Payable Distribution in the Chemicals Industry

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

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

Creta Plastics 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.

Creta Plastics'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
=	( (27.795	+	22.151)	/	2 )	/	282.918	*	365
=	24.973					/	282.918	*	365
=	32.22

Creta Plastics'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (23.519	+	22.151)	/	2 )	/	133.49	*	365 / 2
=	22.835					/	133.49	*	365 / 2
=	31.22

Creta Plastics Days Payable Related Terms

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Creta Plastics (ATH:PLAKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Creta Plastics SA (ATH:PLAKR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 1093, Crete, Iraklion, GRC, 71001

Website

http://www.plastikakritis.com

Creta Plastics SA is a European producer of masterbatches and agricultural films. The company is serving with its products the plastics industry, the horticultural & agricultural markets as well as projects related to water-management & environment protection. The company specializes in the production of Kritilen, Kritifil, Kritiflex, Kritisol, Kritisan And Kritires.

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