FOPE SpA (MIL:FPE) Days Payable : 37.10 (As of Dec. 2023)

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What is FOPE SpA Days Payable?

FOPE SpA's average Accounts Payable for the six months ended in Dec. 2023 was €4.42 Mil. FOPE SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €21.73 Mil. Hence, FOPE SpA's Days Payable for the six months ended in Dec. 2023 was 37.10.

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

MIL:FPE' s Days Payable Range Over the Past 10 Years
Min: 35.91 Med: 57.87 Max: 76.95
Current: 36.8

During the past 9 years, FOPE SpA's highest Days Payable was 76.95. The lowest was 35.91. And the median was 57.87.

MIL:FPE's Days Payable is ranked worse than
68.02% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs MIL:FPE: 36.80

FOPE SpA's Days Payable declined from Dec. 2022 (40.49) to Dec. 2023 (37.10). It may suggest that FOPE SpA accelerated paying its suppliers.

FOPE SpA Days Payable Historical Data

The historical data trend for FOPE 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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FOPE SpA Days Payable Chart

FOPE SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.66

76.95

45.25

39.61

35.91

FOPE SpA Semi-Annual Data
	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												34.55	48.15	40.49	37.37	37.10

Competitive Comparison of FOPE SpA's Days Payable

For the Luxury Goods subindustry, FOPE 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.

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

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

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

FOPE 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.

FOPE SpA'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
=	( (4.689	+	4.111)	/	2 )	/	44.722	*	365
=	4.4					/	44.722	*	365
=	35.91

FOPE SpA'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
=	( (4.726	+	4.111)	/	2 )	/	21.734	*	365 / 2
=	4.4185					/	21.734	*	365 / 2
=	37.10

FOPE SpA Days Payable Related Terms

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