SBE-Varvit SpA (MIL:VARV) Days Payable : 118.37 (As of Jun. 2023)

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What is SBE-Varvit SpA Days Payable?

SBE-Varvit SpA's average Accounts Payable for the six months ended in Jun. 2023 was €89.5 Mil. SBE-Varvit SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €138.0 Mil. Hence, SBE-Varvit SpA's Days Payable for the six months ended in Jun. 2023 was 118.37.

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

MIL:VARV' s Days Payable Range Over the Past 10 Years
Min: 126.12 Med: 141.39 Max: 153.16
Current: 126.12

During the past 2 years, SBE-Varvit SpA's highest Days Payable was 153.16. The lowest was 126.12. And the median was 141.39.

MIL:VARV's Days Payable is ranked better than
71.31% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs MIL:VARV: 126.12

SBE-Varvit SpA's Days Payable increased from Jun. 2022 (115.80) to Jun. 2023 (118.37). It may suggest that SBE-Varvit SpA delayed paying its suppliers.

SBE-Varvit SpA Days Payable Historical Data

The historical data trend for SBE-Varvit 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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SBE-Varvit SpA Days Payable Chart

SBE-Varvit SpA Annual Data

Trend

Dec21

Dec22

Days Payable

153.16

129.61

SBE-Varvit SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Days Payable	-	115.80	143.34	118.37

Competitive Comparison of SBE-Varvit SpA's Days Payable

For the Tools & Accessories subindustry, SBE-Varvit 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.

SBE-Varvit SpA's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SBE-Varvit SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where SBE-Varvit SpA's Days Payable falls into.

SBE-Varvit 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.

SBE-Varvit 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
=	( (76.399	+	95.044)	/	2 )	/	241.412	*	365
=	85.7215					/	241.412	*	365
=	129.61

SBE-Varvit 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
=	( (95.044	+	83.914)	/	2 )	/	137.961	*	365 / 2
=	89.479					/	137.961	*	365 / 2
=	118.37

SBE-Varvit SpA Days Payable Related Terms

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SBE-Varvit SpA (MIL:VARV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SBE-Varvit SpA (MIL:VARV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

O4W:Germany

Address

Via Lazzaretti 2/A, Reggio Emilia, ITA, 42122

Website

https://www.sbe.it

SBE-Varvit SpA is a company involved in the production of fasteners, mechanical fastening joints of fundamental importance for many industrial sectors. It is able to serve a large number of sectors by offering over twenty seven thousand references including screws, nuts and cold-pressed products, of which forteen thousand are manufactured internally, at its fully verticalized production facilities.

SBE-Varvit SpA (MIL:VARV) Headlines

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