Metalurgica Gerdau (BSP:GOAU3) Days Payable : 39.77 (As of Jun. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Metalurgica Gerdau Days Payable?

Metalurgica Gerdau's average Accounts Payable for the three months ended in Jun. 2023 was R$6,531 Mil. Metalurgica Gerdau's Cost of Goods Sold for the three months ended in Jun. 2023 was R$14,987 Mil. Hence, Metalurgica Gerdau's Days Payable for the three months ended in Jun. 2023 was 39.77.

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

BSP:GOAU3' s Days Payable Range Over the Past 10 Years
Min: 31.75 Med: 36.98 Max: 44.32
Current: 37.85

During the past 13 years, Metalurgica Gerdau's highest Days Payable was 44.32. The lowest was 31.75. And the median was 36.98.

BSP:GOAU3's Days Payable is ranked worse than
51.53% of 588 companies
in the Steel industry
Industry Median: 39.865 vs BSP:GOAU3: 37.85

Metalurgica Gerdau's Days Payable declined from Jun. 2022 (46.69) to Jun. 2023 (39.77). It may suggest that Metalurgica Gerdau accelerated paying its suppliers.

Metalurgica Gerdau Days Payable Historical Data

The historical data trend for Metalurgica Gerdau'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.

Metalurgica Gerdau Days Payable Chart

Metalurgica Gerdau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

41.70

44.32

42.68

41.96

39.68

Metalurgica Gerdau Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															51.44	47.73	40.32	39.77	-

Competitive Comparison of Metalurgica Gerdau's Days Payable

For the Steel subindustry, Metalurgica Gerdau'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.

Metalurgica Gerdau's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Metalurgica Gerdau's Days Payable distribution charts can be found below:

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

Metalurgica Gerdau 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.

Metalurgica Gerdau'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
=	( (6618.923	+	5901.183)	/	2 )	/	57583.992	*	365
=	6260.053					/	57583.992	*	365
=	39.68

Metalurgica Gerdau's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6853.622	+	6208.747)	/	2 )	/	14987.029	*	365 / 4
=	6531.1845					/	14987.029	*	365 / 4
=	39.77

Metalurgica Gerdau Days Payable Related Terms

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

Metalurgica Gerdau (BSP:GOAU3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Metalurgica Gerdau SA (BSP:GOAU3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GOAU4:Brazil

Address

Avenida Farrapos, 1811, Porto Alegre, RS, BRA, 90220005

Website

https://www2.gerdau.com.br

Metalurgica Gerdau SA produces steel and steel products used in construction, industrial, agricultural and automotive sectors. Its products include steel columns, nails, transfer bars for the construction sector; billet, electrodes, mechanical construction wire rods for the industrial sector; staples, steel posts, tribars, galvanized wires for agricultural sector; mechanical construction ingots, mechanical construction wires, and various other products for the automotive sector. Its revenue is generated by sales of long steel to nonresidential construction and infrastructure sector in North America.

Metalurgica Gerdau (BSP:GOAU3) Headlines

No Headlines