Codere Online Luxembourg (Codere Online Luxembourg) Days Payable : 1,578.52 (As of Jun. 2023)

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What is Codere Online Luxembourg Days Payable?

Codere Online Luxembourg's average Accounts Payable for the six months ended in Jun. 2023 was $28.3 Mil. Codere Online Luxembourg's Cost of Goods Sold for the six months ended in Jun. 2023 was $3.3 Mil. Hence, Codere Online Luxembourg's Days Payable for the six months ended in Jun. 2023 was 1,578.52.

The historical rank and industry rank for Codere Online Luxembourg's Days Payable or its related term are showing as below:

CDRO' s Days Payable Range Over the Past 10 Years
Min: 1283.53 Med: 1608.18 Max: 2479.51
Current: 1659.86

During the past 5 years, Codere Online Luxembourg's highest Days Payable was 2479.51. The lowest was 1283.53. And the median was 1608.18.

CDRO's Days Payable is ranked better than
97.47% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.455 vs CDRO: 1659.86

Codere Online Luxembourg's Days Payable declined from Jun. 2022 (2,274.01) to Jun. 2023 (1,578.52). It may suggest that Codere Online Luxembourg accelerated paying its suppliers.

Codere Online Luxembourg Days Payable Historical Data

The historical data trend for Codere Online Luxembourg'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.

* Premium members only.

Codere Online Luxembourg Days Payable Chart

Codere Online Luxembourg Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

2,479.51

1,283.53

1,528.43

1,687.93

Codere Online Luxembourg Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			1,174.49	1,462.37	2,274.01	1,641.96	1,578.52

Competitive Comparison of Codere Online Luxembourg's Days Payable

For the Gambling subindustry, Codere Online Luxembourg'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.

Codere Online Luxembourg's Days Payable Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Codere Online Luxembourg's Days Payable falls into.

Codere Online Luxembourg 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.

Codere Online Luxembourg'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
=	( (22.245	+	25.202)	/	2 )	/	5.13	*	365
=	23.7235					/	5.13	*	365
=	1,687.93

Codere Online Luxembourg'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
=	( (25.202	+	31.348)	/	2 )	/	3.269	*	365 / 2
=	28.275					/	3.269	*	365 / 2
=	1,578.52

Codere Online Luxembourg Days Payable Related Terms

Thank you for viewing the detailed overview of Codere Online Luxembourg's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CDRO:Mexico

Address

7 rue Robert Stumper, Luxembourg, LUX, L-2557

Website

http://www.codereonline.com

Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

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