Acerias Paz del Rio (BOG:PAZRIO) Days Payable : 88.10 (As of Dec. 2023)

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What is Acerias Paz del Rio Days Payable?

Acerias Paz del Rio's average Accounts Payable for the three months ended in Dec. 2023 was COP302,337 Mil. Acerias Paz del Rio's Cost of Goods Sold for the three months ended in Dec. 2023 was COP313,164 Mil. Hence, Acerias Paz del Rio's Days Payable for the three months ended in Dec. 2023 was 88.10.

The historical rank and industry rank for Acerias Paz del Rio's Days Payable or its related term are showing as below:

BOG:PAZRIO' s Days Payable Range Over the Past 10 Years
Min: 59.1 Med: 72.54 Max: 108.65
Current: 75.35

During the past 11 years, Acerias Paz del Rio's highest Days Payable was 108.65. The lowest was 59.10. And the median was 72.54.

BOG:PAZRIO's Days Payable is ranked better than
72.7% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOG:PAZRIO: 75.35

Acerias Paz del Rio's Days Payable increased from Dec. 2022 (62.75) to Dec. 2023 (88.10). It may suggest that Acerias Paz del Rio delayed paying its suppliers.

Acerias Paz del Rio Days Payable Historical Data

The historical data trend for Acerias Paz del Rio'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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Acerias Paz del Rio Days Payable Chart

Acerias Paz del Rio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

108.65

92.23

65.11

64.00

75.26

Acerias Paz del Rio Quarterly Data
	Sep18	Dec18	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															62.75	66.41	73.41	75.06	88.10

Competitive Comparison of Acerias Paz del Rio's Days Payable

For the Steel subindustry, Acerias Paz del Rio'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.

Acerias Paz del Rio's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Acerias Paz del Rio's Days Payable distribution charts can be found below:

* The bar in red indicates where Acerias Paz del Rio's Days Payable falls into.

Acerias Paz del Rio 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.

Acerias Paz del Rio'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
=	( (247356.907	+	310620.386)	/	2 )	/	1353052.794	*	365
=	278988.6465					/	1353052.794	*	365
=	75.26

Acerias Paz del Rio'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
=	( (294052.686	+	310620.386)	/	2 )	/	313164.104	*	365 / 4
=	302336.536					/	313164.104	*	365 / 4
=	88.10

Acerias Paz del Rio Days Payable Related Terms

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Acerias Paz del Rio (BOG:PAZRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Acerias Paz del Rio SA (BOG:PAZRIO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edificio Megabanco, Piso 6, 13-26, Calle 100, Bogota, COL, 4260

Website

http://www.pazdelrio.com.co

Acerias Paz del Rio SA is a steel production company. It is engaged in the manufacturing of steel products and derivates used in the industrial, metallurgical, construction and agricultural sectors.

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