Pactiv Evergreen (FRA:PEG) Days Payable : 28.01 (As of Mar. 2024)

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What is Pactiv Evergreen Days Payable?

Pactiv Evergreen's average Accounts Payable for the three months ended in Mar. 2024 was €291 Mil. Pactiv Evergreen's Cost of Goods Sold for the three months ended in Mar. 2024 was €949 Mil. Hence, Pactiv Evergreen's Days Payable for the three months ended in Mar. 2024 was 28.01.

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

FRA:PEG' s Days Payable Range Over the Past 10 Years
Min: 25.41 Med: 52.78 Max: 93.17
Current: 27.53

During the past 11 years, Pactiv Evergreen's highest Days Payable was 93.17. The lowest was 25.41. And the median was 52.78.

FRA:PEG's Days Payable is ranked worse than
85.64% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs FRA:PEG: 27.53

Pactiv Evergreen's Days Payable increased from Mar. 2023 (26.74) to Mar. 2024 (28.01). It may suggest that Pactiv Evergreen delayed paying its suppliers.

Pactiv Evergreen Days Payable Historical Data

The historical data trend for Pactiv Evergreen'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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Pactiv Evergreen Days Payable Chart

Pactiv Evergreen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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61.00

30.30

24.57

25.48

26.72

Pactiv Evergreen Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															26.74	25.01	28.08	28.43	28.01

Competitive Comparison of Pactiv Evergreen's Days Payable

For the Packaging & Containers subindustry, Pactiv Evergreen'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.

Pactiv Evergreen's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pactiv Evergreen's Days Payable distribution charts can be found below:

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

Pactiv Evergreen 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.

Pactiv Evergreen'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
=	( (366.272	+	275.1)	/	2 )	/	4380.509	*	365
=	320.686					/	4380.509	*	365
=	26.72

Pactiv Evergreen's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (275.1	+	307.28)	/	2 )	/	948.52	*	365 / 4
=	291.19					/	948.52	*	365 / 4
=	28.01

Pactiv Evergreen Days Payable Related Terms

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Pactiv Evergreen (FRA:PEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pactiv Evergreen Inc (FRA:PEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PTVE:USA PEG:Germany

Address

1900 West Field Court, Lake Forest, IL, USA, 60045

Website

https://www.pactivevergreen.com

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.