Vimi Fasteners SpA (MIL:VIM) Days Payable : 97.55 (As of Jun. 2023)

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What is Vimi Fasteners SpA Days Payable?

Vimi Fasteners SpA's average Accounts Payable for the six months ended in Jun. 2023 was €10.15 Mil. Vimi Fasteners SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €18.99 Mil. Hence, Vimi Fasteners SpA's Days Payable for the six months ended in Jun. 2023 was 97.55.

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

MIL:VIM' s Days Payable Range Over the Past 10 Years
Min: 103.72 Med: 122.48 Max: 128.12
Current: 103.72

During the past 8 years, Vimi Fasteners SpA's highest Days Payable was 128.12. The lowest was 103.72. And the median was 122.48.

MIL:VIM's Days Payable is ranked better than
64.23% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs MIL:VIM: 103.72

Vimi Fasteners SpA's Days Payable declined from Jun. 2022 (107.08) to Jun. 2023 (97.55). It may suggest that Vimi Fasteners SpA accelerated paying its suppliers.

Vimi Fasteners SpA Days Payable Historical Data

The historical data trend for Vimi Fasteners 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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Vimi Fasteners SpA Days Payable Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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126.16

125.33

128.12

113.66

104.61

Vimi Fasteners SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial									121.09	112.95	107.08	106.16	97.55

Competitive Comparison of Vimi Fasteners SpA's Days Payable

For the Tools & Accessories subindustry, Vimi Fasteners 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.

Vimi Fasteners SpA's Days Payable Distribution in the Industrial Products Industry

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

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

Vimi Fasteners 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.

Vimi Fasteners 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
=	( (9.507	+	9.139)	/	2 )	/	32.528	*	365
=	9.323					/	32.528	*	365
=	104.61

Vimi Fasteners 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
=	( (9.139	+	11.159)	/	2 )	/	18.988	*	365 / 2
=	10.149					/	18.988	*	365 / 2
=	97.55

Vimi Fasteners SpA Days Payable Related Terms

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Vimi Fasteners SpA (MIL:VIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vimi Fasteners SpA (MIL:VIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017

Website

http://www.vimifasteners.com

Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

Vimi Fasteners SpA (MIL:VIM) Headlines

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