Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Days Payable : 52.97 (As of Dec. 2023)

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What is Turism Hoteluri Restaurante Marea Neagra Days Payable?

Turism Hoteluri Restaurante Marea Neagra's average Accounts Payable for the three months ended in Dec. 2023 was lei1.09 Mil. Turism Hoteluri Restaurante Marea Neagra's Cost of Goods Sold for the three months ended in Dec. 2023 was lei1.88 Mil. Hence, Turism Hoteluri Restaurante Marea Neagra's Days Payable for the three months ended in Dec. 2023 was 52.97.

The historical rank and industry rank for Turism Hoteluri Restaurante Marea Neagra's Days Payable or its related term are showing as below:

BSE:EFO' s Days Payable Range Over the Past 10 Years
Min: 10.59 Med: 43.35 Max: 182.14
Current: 160.84

During the past 13 years, Turism Hoteluri Restaurante Marea Neagra's highest Days Payable was 182.14. The lowest was 10.59. And the median was 43.35.

BSE:EFO's Days Payable is ranked better than
78.84% of 756 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs BSE:EFO: 160.84

Turism Hoteluri Restaurante Marea Neagra's Days Payable declined from Dec. 2022 (246.15) to Dec. 2023 (52.97). It may suggest that Turism Hoteluri Restaurante Marea Neagra accelerated paying its suppliers.

Turism Hoteluri Restaurante Marea Neagra Days Payable Historical Data

The historical data trend for Turism Hoteluri Restaurante Marea Neagra'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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Turism Hoteluri Restaurante Marea Neagra Days Payable Chart

Turism Hoteluri Restaurante Marea Neagra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.68

21.55

10.59

48.98

182.14

Turism Hoteluri Restaurante Marea Neagra Quarterly Data
	Dec18	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															246.15	279.46	179.49	140.06	52.97

Competitive Comparison of Turism Hoteluri Restaurante Marea Neagra's Days Payable

For the Resorts & Casinos subindustry, Turism Hoteluri Restaurante Marea Neagra'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.

Turism Hoteluri Restaurante Marea Neagra's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Turism Hoteluri Restaurante Marea Neagra's Days Payable distribution charts can be found below:

* The bar in red indicates where Turism Hoteluri Restaurante Marea Neagra's Days Payable falls into.

Turism Hoteluri Restaurante Marea Neagra 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.

Turism Hoteluri Restaurante Marea Neagra'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
=	( (5.013	+	0.569)	/	2 )	/	5.593	*	365
=	2.791					/	5.593	*	365
=	182.14

Turism Hoteluri Restaurante Marea Neagra'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
=	( (1.609	+	0.569)	/	2 )	/	1.876	*	365 / 4
=	1.089					/	1.876	*	365 / 4
=	52.97

Turism Hoteluri Restaurante Marea Neagra Days Payable Related Terms

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Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Turism Hoteluri Restaurante Marea Neagra SA (BSE:EFO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lavrion Street, No. 29, Constanta County, Mangalia, ROU, 905500

Website

https://www.thrmareaneagra.ro

Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.

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