Pittler Maschinenfabrik AG (LTS:0FME) Days Payable : 123.24 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Pittler Maschinenfabrik AG Days Payable?

Pittler Maschinenfabrik AG's average Accounts Payable for the six months ended in Dec. 2023 was €0.84 Mil. Pittler Maschinenfabrik AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €1.24 Mil. Hence, Pittler Maschinenfabrik AG's Days Payable for the six months ended in Dec. 2023 was 123.24.

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

LTS:0FME' s Days Payable Range Over the Past 10 Years
Min: 106.75 Med: 440.93 Max: 1142.56
Current: 160.05

During the past 13 years, Pittler Maschinenfabrik AG's highest Days Payable was 1142.56. The lowest was 106.75. And the median was 440.93.

LTS:0FME's Days Payable is ranked better than
79.63% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs LTS:0FME: 160.05

Pittler Maschinenfabrik AG's Days Payable declined from Dec. 2022 (2,050.81) to Dec. 2023 (123.24). It may suggest that Pittler Maschinenfabrik AG accelerated paying its suppliers.

Pittler Maschinenfabrik AG Days Payable Historical Data

The historical data trend for Pittler Maschinenfabrik AG'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.

Pittler Maschinenfabrik AG Days Payable Chart

Pittler Maschinenfabrik AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

214.42

635.74

1,142.56

728.81

106.75

Pittler Maschinenfabrik AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															2,078.81	2,376.29	2,050.81	583.45	123.24

Competitive Comparison of Pittler Maschinenfabrik AG's Days Payable

For the Specialty Industrial Machinery subindustry, Pittler Maschinenfabrik AG'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.

Pittler Maschinenfabrik AG's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pittler Maschinenfabrik AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Pittler Maschinenfabrik AG's Days Payable falls into.

Pittler Maschinenfabrik AG 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.

Pittler Maschinenfabrik AG'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
=	( (0.217	+	0.623)	/	2 )	/	1.436	*	365
=	0.42					/	1.436	*	365
=	106.75

Pittler Maschinenfabrik AG'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.049	+	0.623)	/	2 )	/	1.238	*	365 / 2
=	0.836					/	1.238	*	365 / 2
=	123.24

Pittler Maschinenfabrik AG Days Payable Related Terms

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

Pittler Maschinenfabrik AG (LTS:0FME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pittler Maschinenfabrik AG (LTS:0FME) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PIT:Germany

Address

Gutleutstrasse 175, Frankfurt am Main, DEU, 60327

Website

http://www.pittler-maschinenfabrik.de

Pittler Maschinenfabrik AG is an international manufacturer, developer and seller of machines, processing equipment and machine tools.

Pittler Maschinenfabrik AG (LTS:0FME) Headlines

No Headlines