Culti Milano SpA (MIL:CULT) Days Payable : 95.40 (As of Jun. 2023)

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What is Culti Milano SpA Days Payable?

Culti Milano SpA's average Accounts Payable for the six months ended in Jun. 2023 was €3.94 Mil. Culti Milano SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €7.54 Mil. Hence, Culti Milano SpA's Days Payable for the six months ended in Jun. 2023 was 95.40.

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

MIL:CULT' s Days Payable Range Over the Past 10 Years
Min: 49.44 Med: 72.06 Max: 190.8
Current: 190.8

During the past 6 years, Culti Milano SpA's highest Days Payable was 190.80. The lowest was 49.44. And the median was 72.06.

MIL:CULT's Days Payable is ranked better than
90.67% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs MIL:CULT: 190.80

Culti Milano SpA's Days Payable increased from Dec. 2021 (63.34) to Jun. 2023 (95.40). It may suggest that Culti Milano SpA delayed paying its suppliers.

Culti Milano SpA Days Payable Historical Data

The historical data trend for Culti Milano 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.

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Culti Milano SpA Days Payable Chart

Culti Milano SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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106.78

76.49

67.62

61.91

49.44

Culti Milano SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Days Payable	Get a 7-Day Free Trial								72.55	72.61	63.34	83.40	95.40

Competitive Comparison of Culti Milano SpA's Days Payable

For the Luxury Goods subindustry, Culti Milano 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.

Culti Milano SpA's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Culti Milano SpA's Days Payable distribution charts can be found below:

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

Culti Milano 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.

Culti Milano SpA's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (1.48	+	1.836)	/	2 )	/	12.241	*	365
=	1.658					/	12.241	*	365
=	49.44

Culti Milano SpA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (4.18	+	3.707)	/	2 )	/	7.544	*	365 / 2
=	3.9435					/	7.544	*	365 / 2
=	95.40

Culti Milano SpA Days Payable Related Terms

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Culti Milano SpA (MIL:CULT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Culti Milano SpA (MIL:CULT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Santa Sofia 27, Milan, ITA, 20122

Website

http://www.culti.com

Culti Milano SpA develops fragrances, cosmetics and home accessories designed for every area of the house. It offers diffusers, refills, home sprays, candles, complements such as car sachets, home sachets, and leather pochettes.

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