Planetel SpA (MIL:PLN) Days Payable : 112.07 (As of Dec. 2023)

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What is Planetel SpA Days Payable?

Planetel SpA's average Accounts Payable for the six months ended in Dec. 2023 was €5.40 Mil. Planetel SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €8.79 Mil. Hence, Planetel SpA's Days Payable for the six months ended in Dec. 2023 was 112.07.

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

MIL:PLN' s Days Payable Range Over the Past 10 Years
Min: 121.1 Med: 160.08 Max: 205.38
Current: 121.1

During the past 6 years, Planetel SpA's highest Days Payable was 205.38. The lowest was 121.10. And the median was 160.08.

MIL:PLN's Days Payable is ranked better than
57.68% of 345 companies
in the Telecommunication Services industry
Industry Median: 102.31 vs MIL:PLN: 121.10

Planetel SpA's Days Payable declined from Dec. 2022 (113.42) to Dec. 2023 (112.07). It may suggest that Planetel SpA accelerated paying its suppliers.

Planetel SpA Days Payable Historical Data

The historical data trend for Planetel 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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Planetel SpA Days Payable Chart

Planetel SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.18

195.07

180.98

131.61

129.22

Planetel SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					158.66	131.90	113.42	122.12	112.07

Competitive Comparison of Planetel SpA's Days Payable

For the Telecom Services subindustry, Planetel 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.

Planetel SpA's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Planetel SpA's Days Payable distribution charts can be found below:

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

Planetel 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.

Planetel 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
=	( (6.519	+	5.799)	/	2 )	/	17.397	*	365
=	6.159					/	17.397	*	365
=	129.22

Planetel 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
=	( (4.998	+	5.799)	/	2 )	/	8.791	*	365 / 2
=	5.3985					/	8.791	*	365 / 2
=	112.07

Planetel SpA Days Payable Related Terms

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Planetel SpA (MIL:PLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Planetel SpA (MIL:PLN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Boffalora, 4, Treviolo, ITA, 24048

Website

https://www.planetel.it

Planetel SpA provides telecommunication services. The company offers wireless internet services, voice and video calling services, cloud services, and other related services.

Planetel SpA (MIL:PLN) Headlines

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