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Leonardo SpA (Leonardo SpA) Days Payable : 88.13 (As of Sep. 2023)


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What is Leonardo SpA Days Payable?

Leonardo SpA's average Accounts Payable for the three months ended in Sep. 2023 was $3,115 Mil. Leonardo SpA's Cost of Goods Sold for the three months ended in Sep. 2023 was $3,225 Mil. Hence, Leonardo SpA's Days Payable for the three months ended in Sep. 2023 was 88.13.

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

FINMY' s Days Payable Range Over the Past 10 Years
Min: 77.81   Med: 104.68   Max: 128.77
Current: 77.81

During the past 13 years, Leonardo SpA's highest Days Payable was 128.77. The lowest was 77.81. And the median was 104.68.

FINMY's Days Payable is ranked better than
50.17% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.75 vs FINMY: 77.81

Leonardo SpA's Days Payable declined from Sep. 2022 (211.62) to Sep. 2023 (88.13). It may suggest that Leonardo SpA accelerated paying its suppliers.

Leonardo SpA Days Payable Historical Data

The historical data trend for Leonardo SpA'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.

Leonardo SpA Days Payable Chart

Leonardo SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.63 107.84 103.87 92.27 81.20

Leonardo SpA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.69 92.10 69.30 88.13 64.01

Competitive Comparison of Leonardo SpA's Days Payable

For the Aerospace & Defense subindustry, Leonardo SpA'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.

Leonardo SpA's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Days Payable distribution charts can be found below:

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


Leonardo SpA 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.

Leonardo SpA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (3810.169 + 3235.169) / 2 ) / 13934.322*365
=3522.669 / 13934.322*365
=92.27

Leonardo SpA's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (2967.497 + 3262.54) / 2 ) / 3225.187*365 / 4
=3115.0185 / 3225.187*365 / 4
=88.13

* 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.

Leonardo SpA Days Payable Related Terms

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Leonardo SpA (Leonardo SpA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo SpA (OTCPK:FINMY) » Definitions » Days Payable
Comparable Companies
MIL:FCT MIL:AVIO MIL:DTH MIL:OS MIL:PAG XPAR:AIR RTX BA LMT XPAR:SAF GD NOC TDG LSE:BA. LSE:RR. LHX XPAR:HO HWM BOM:541154 XTER:RHM
Traded in Other Exchanges
FINMF:USA LDO:Italy LDOm:UK 0ONG:UK FMNB:Germany LDO:Austria
Address
Piazza Monte Grappa 4, Rome, ITA, 00195
Website
http://www.leonardocompany.com
Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group's divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the U.S. defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.