Caesarstone (Caesarstone) Days Payable : 37.21 (As of Dec. 2023)

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What is Caesarstone Days Payable?

Caesarstone's average Accounts Payable for the three months ended in Dec. 2023 was $42.9 Mil. Caesarstone's Cost of Goods Sold for the three months ended in Dec. 2023 was $105.2 Mil. Hence, Caesarstone's Days Payable for the three months ended in Dec. 2023 was 37.21.

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

CSTE' s Days Payable Range Over the Past 10 Years
Min: 36.83 Med: 52.86 Max: 77.92
Current: 36.83

During the past 13 years, Caesarstone's highest Days Payable was 77.92. The lowest was 36.83. And the median was 52.86.

CSTE's Days Payable is ranked worse than
83.09% of 1603 companies
in the Construction industry
Industry Median: 74.1 vs CSTE: 36.83

Caesarstone's Days Payable declined from Dec. 2022 (52.11) to Dec. 2023 (37.21). It may suggest that Caesarstone accelerated paying its suppliers.

Caesarstone Days Payable Historical Data

The historical data trend for Caesarstone'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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Caesarstone Days Payable Chart

Caesarstone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.00

55.99

52.71

49.66

40.50

Caesarstone 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															52.11	41.85	31.41	33.62	37.21

Competitive Comparison of Caesarstone's Days Payable

For the Building Products & Equipment subindustry, Caesarstone'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.

Caesarstone's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Caesarstone's Days Payable distribution charts can be found below:

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

Caesarstone 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.

Caesarstone'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
=	( (62.194	+	42.848)	/	2 )	/	473.292	*	365
=	52.521					/	473.292	*	365
=	40.50

Caesarstone'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
=	( (42.984	+	42.848)	/	2 )	/	105.245	*	365 / 4
=	42.916					/	105.245	*	365 / 4
=	37.21

Caesarstone Days Payable Related Terms

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Caesarstone (Caesarstone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Caesarstone Ltd (NAS:CSTE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

19C:Germany 19C:Germany

Address

Kibbutz Sdot-Yam, MP Menashe, ISR, 3780400

Website

https://www.caesarstone.com

Caesarstone Ltd manufactures engineered quartz surfaces. Its products primarily include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa).