Sealed Air (STU:SDA) Days Payable : 77.31 (As of Mar. 2024)

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What is Sealed Air Days Payable?

Sealed Air's average Accounts Payable for the three months ended in Mar. 2024 was €724 Mil. Sealed Air's Cost of Goods Sold for the three months ended in Mar. 2024 was €854 Mil. Hence, Sealed Air's Days Payable for the three months ended in Mar. 2024 was 77.31.

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

STU:SDA' s Days Payable Range Over the Past 10 Years
Min: 41.41 Med: 80.53 Max: 86.11
Current: 75.08

During the past 13 years, Sealed Air's highest Days Payable was 86.11. The lowest was 41.41. And the median was 80.53.

STU:SDA's Days Payable is ranked better than
63.51% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs STU:SDA: 75.08

Sealed Air's Days Payable declined from Mar. 2023 (82.25) to Mar. 2024 (77.31). It may suggest that Sealed Air accelerated paying its suppliers.

Sealed Air Days Payable Historical Data

The historical data trend for Sealed Air'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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Sealed Air Days Payable Chart

Sealed Air Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.04

86.59

78.65

83.28

78.53

Sealed Air 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															82.25	77.22	71.96	71.63	77.31

Competitive Comparison of Sealed Air's Days Payable

For the Packaging & Containers subindustry, Sealed Air'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.

Sealed Air's Days Payable Distribution in the Packaging & Containers Industry

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

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

Sealed Air 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.

Sealed Air'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
=	( (817.126	+	701.138)	/	2 )	/	3528.249	*	365
=	759.132					/	3528.249	*	365
=	78.53

Sealed Air'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
=	( (701.138	+	746.856)	/	2 )	/	854.496	*	365 / 4
=	723.997					/	854.496	*	365 / 4
=	77.31

Sealed Air Days Payable Related Terms

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

Sealed Air (STU:SDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sealed Air Corp (STU:SDA) » Definitions » Days Payable

Comparable Companies

SLGN SON REYN GEF PTVE BERY AMBP OI TRS MYE BALL AVY PKG AMCR WRK IP DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

SEE:USA SDA:Germany

Address

2415 Cascade Pointe Boulevard, Charlotte, NC, USA, 28208

Website

https://www.sealedair.com

Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.