Technogym SpA (MIL:TGYM) Days Payable : 109.37 (As of Dec. 2023)

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What is Technogym SpA Days Payable?

Technogym SpA's average Accounts Payable for the six months ended in Dec. 2023 was €154.0 Mil. Technogym SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €257.0 Mil. Hence, Technogym SpA's Days Payable for the six months ended in Dec. 2023 was 109.37.

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

MIL:TGYM' s Days Payable Range Over the Past 10 Years
Min: 108.68 Med: 131.85 Max: 149.5
Current: 121.22

During the past 11 years, Technogym SpA's highest Days Payable was 149.50. The lowest was 108.68. And the median was 131.85.

MIL:TGYM's Days Payable is ranked better than
72.09% of 756 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs MIL:TGYM: 121.22

Technogym SpA's Days Payable declined from Dec. 2022 (117.52) to Dec. 2023 (109.37). It may suggest that Technogym SpA accelerated paying its suppliers.

Technogym SpA Days Payable Historical Data

The historical data trend for Technogym 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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Technogym SpA Days Payable Chart

Technogym SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.39

149.50

135.90

139.12

124.18

Technogym SpA Semi-Annual Data
	Dec13	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															141.07	134.70	117.52	131.51	109.37

Competitive Comparison of Technogym SpA's Days Payable

For the Leisure subindustry, Technogym 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.

Technogym SpA's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Technogym SpA's Days Payable distribution charts can be found below:

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

Technogym 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.

Technogym 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
=	( (173.559	+	155.384)	/	2 )	/	483.414	*	365
=	164.4715					/	483.414	*	365
=	124.18

Technogym 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
=	( (152.7	+	155.384)	/	2 )	/	257.04	*	365 / 2
=	154.042					/	257.04	*	365 / 2
=	109.37

Technogym SpA Days Payable Related Terms

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Technogym SpA (MIL:TGYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Technogym SpA (MIL:TGYM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TCCHF:USA 0RG1:UK TN2:Germany

Address

Via Calcinaro, 2861, Cesena, ITA, 47521

Website

https://www.technogym.com

Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to specific needs of end users and professional operators. The company offers a range of wellness, physical exercise and rehabilitation solutions to the major segments of the fitness equipment market and to the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, North America, MEIA, Italy, and LATAM.

Technogym SpA (MIL:TGYM) Headlines

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