Saras SpA (Saras SpA) Days Payable : 40.01 (As of Dec. 2023)

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What is Saras SpA Days Payable?

Saras SpA's average Accounts Payable for the three months ended in Dec. 2023 was $1,393 Mil. Saras SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,178 Mil. Hence, Saras SpA's Days Payable for the three months ended in Dec. 2023 was 40.01.

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

SAAFF' s Days Payable Range Over the Past 10 Years
Min: 36.54 Med: 54.1 Max: 82.12
Current: 41.46

During the past 13 years, Saras SpA's highest Days Payable was 82.12. The lowest was 36.54. And the median was 54.10.

SAAFF's Days Payable is ranked worse than
65.56% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs SAAFF: 41.46

Saras SpA's Days Payable declined from Dec. 2022 (41.45) to Dec. 2023 (40.01). It may suggest that Saras SpA accelerated paying its suppliers.

Saras SpA Days Payable Historical Data

The historical data trend for Saras 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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Saras SpA Days Payable Chart

Saras SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.27

77.62

54.30

37.80

46.76

Saras SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															41.45	33.45	50.60	39.57	40.01

Competitive Comparison of Saras SpA's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Saras 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.

Saras SpA's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saras SpA's Days Payable distribution charts can be found below:

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

Saras 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.

Saras 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
=	( (1507.841	+	1517.388)	/	2 )	/	11806.241	*	365
=	1512.6145					/	11806.241	*	365
=	46.76

Saras 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1268.977	+	1517.388)	/	2 )	/	3177.756	*	365 / 4
=	1393.1825					/	3177.756	*	365 / 4
=	40.01

Saras SpA Days Payable Related Terms

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Saras SpA (Saras SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (OTCPK:SAAFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SAAFY:USA SRS:Italy SRSm:UK 0O2D:UK

Address

S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018

Website

https://www.saras.it

Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.