Italgas SpA (MIL:IG) Days Payable : 172.80 (As of Jun. 2023)

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What is Italgas SpA Days Payable?

Italgas SpA's average Accounts Payable for the six months ended in Jun. 2023 was €489 Mil. Italgas SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €516 Mil. Hence, Italgas SpA's Days Payable for the six months ended in Jun. 2023 was 172.80.

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

MIL:IG' s Days Payable Range Over the Past 10 Years
Min: 115.58 Med: 141.88 Max: 886.68
Current: 886.68

During the past 8 years, Italgas SpA's highest Days Payable was 886.68. The lowest was 115.58. And the median was 141.88.

MIL:IG's Days Payable is ranked better than
97.37% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.265 vs MIL:IG: 886.68

Italgas SpA's Days Payable increased from Jun. 2022 (121.36) to Jun. 2023 (172.80). It may suggest that Italgas SpA delayed paying its suppliers.

Italgas SpA Days Payable Historical Data

The historical data trend for Italgas 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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Italgas SpA Days Payable Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.16

146.88

128.77

202.35

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										125.86	121.36	171.14	172.80	-

Competitive Comparison of Italgas SpA's Days Payable

For the Utilities - Regulated Gas subindustry, Italgas 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.

Italgas SpA's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Days Payable distribution charts can be found below:

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

Italgas 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.

Italgas SpA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (300.906	+	709.352)	/	2 )	/	911.159	*	365
=	505.129					/	911.159	*	365
=	202.35

Italgas 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: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (709.352	+	267.665)	/	2 )	/	515.936	*	365 / 2
=	488.5085					/	515.936	*	365 / 2
=	172.80

Italgas SpA Days Payable Related Terms

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

Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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