Gas Plus SpA (MIL:GSP) Days Payable : 97.94 (As of Dec. 2023)

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What is Gas Plus SpA Days Payable?

Gas Plus SpA's average Accounts Payable for the six months ended in Dec. 2023 was €26.1 Mil. Gas Plus SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €48.7 Mil. Hence, Gas Plus SpA's Days Payable for the six months ended in Dec. 2023 was 97.94.

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

MIL:GSP' s Days Payable Range Over the Past 10 Years
Min: 104.66 Med: 121 Max: 141.33
Current: 122.95

During the past 13 years, Gas Plus SpA's highest Days Payable was 141.33. The lowest was 104.66. And the median was 121.00.

MIL:GSP's Days Payable is ranked better than
72.22% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs MIL:GSP: 122.95

Gas Plus SpA's Days Payable increased from Dec. 2022 (92.90) to Dec. 2023 (97.94). It may suggest that Gas Plus SpA delayed paying its suppliers.

Gas Plus SpA Days Payable Historical Data

The historical data trend for Gas Plus 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.

Gas Plus SpA Days Payable Chart

Gas Plus SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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119.84

119.74

141.33

104.66

136.75

Gas Plus SpA 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															112.99	75.53	92.90	132.28	97.94

Competitive Comparison of Gas Plus SpA's Days Payable

For the Oil & Gas E&P subindustry, Gas Plus 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.

Gas Plus SpA's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gas Plus SpA's Days Payable distribution charts can be found below:

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

Gas Plus 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.

Gas Plus 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
=	( (51.843	+	25.35)	/	2 )	/	103.015	*	365
=	38.5965					/	103.015	*	365
=	136.75

Gas Plus 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
=	( (26.91	+	25.35)	/	2 )	/	48.691	*	365 / 2
=	26.13					/	48.691	*	365 / 2
=	97.94

Gas Plus SpA Days Payable Related Terms

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Gas Plus SpA (MIL:GSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Plus SpA (MIL:GSP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

T9O:Germany

Address

Viale Enrico Forlanini, 17, Milan, ITA, 20134

Website

http://www.gasplus.it

Gas Plus SpA through its subsidiaries is engaged in the exploration and production of natural gas in Italy. The company is also involved in the production, purchase, distribution, and sale of natural gas. The company holds approximately 47 cultivation concessions distributed throughout Italy and manages a total of about 1,600 kilometers of regional distribution and transportation network located around 39 municipalities.

Gas Plus SpA (MIL:GSP) Headlines

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