Ferrari NV (CHIX:RACEM) Days Payable : 102.00 (As of Dec. 2023)

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What is Ferrari NV Days Payable?

Ferrari NV's average Accounts Payable for the three months ended in Dec. 2023 was €872 Mil. Ferrari NV's Cost of Goods Sold for the three months ended in Dec. 2023 was €780 Mil. Hence, Ferrari NV's Days Payable for the three months ended in Dec. 2023 was 102.00.

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

CHIX:RACEm' s Days Payable Range Over the Past 10 Years
Min: 108.31 Med: 131.13 Max: 154.26
Current: 108.31

During the past 12 years, Ferrari NV's highest Days Payable was 154.26. The lowest was 108.31. And the median was 131.13.

CHIX:RACEm's Days Payable is ranked better than
74.31% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs CHIX:RACEm: 108.31

Ferrari NV's Days Payable declined from Dec. 2022 (104.59) to Dec. 2023 (102.00). It may suggest that Ferrari NV accelerated paying its suppliers.

Ferrari NV Days Payable Historical Data

The historical data trend for Ferrari NV'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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Ferrari NV Days Payable Chart

Ferrari NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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138.02

154.26

132.59

117.18

111.69

Ferrari NV 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															104.59	113.17	112.98	102.57	102.00

Competitive Comparison of Ferrari NV's Days Payable

For the Auto Manufacturers subindustry, Ferrari NV'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.

Ferrari NV's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Days Payable distribution charts can be found below:

* The bar in red indicates where Ferrari NV's Days Payable falls into.

Ferrari NV 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.

Ferrari NV'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
=	( (902.968	+	930.56)	/	2 )	/	2995.877	*	365
=	916.764					/	2995.877	*	365
=	111.69

Ferrari NV'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
=	( (812.8	+	930.56)	/	2 )	/	779.78	*	365 / 4
=	871.68					/	779.78	*	365 / 4
=	102.00

Ferrari NV Days Payable Related Terms

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Ferrari NV (CHIX:RACEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (CHIX:RACEm) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RACE:USA RACEN:Mexico RACE:Italy 0RDT:UK 2FE:Germany RACE:Austria

Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.

Ferrari NV (CHIX:RACEM) Headlines

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