CTT-Correios de Portugal (CTT-Correios de Portugal) Days Payable : 68.57 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is CTT-Correios de Portugal Days Payable?

CTT-Correios de Portugal's average Accounts Payable for the three months ended in Dec. 2023 was $112 Mil. CTT-Correios de Portugal's Cost of Goods Sold for the three months ended in Dec. 2023 was $149 Mil. Hence, CTT-Correios de Portugal's Days Payable for the three months ended in Dec. 2023 was 68.57.

The historical rank and industry rank for CTT-Correios de Portugal's Days Payable or its related term are showing as below:

CTTPY' s Days Payable Range Over the Past 10 Years
Min: 61.68 Med: 67.64 Max: 190.51
Current: 75.65

During the past 13 years, CTT-Correios de Portugal's highest Days Payable was 190.51. The lowest was 61.68. And the median was 67.64.

CTTPY's Days Payable is ranked better than
76.91% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs CTTPY: 75.65

CTT-Correios de Portugal's Days Payable increased from Dec. 2022 (52.27) to Dec. 2023 (68.57). It may suggest that CTT-Correios de Portugal delayed paying its suppliers.

CTT-Correios de Portugal Days Payable Historical Data

The historical data trend for CTT-Correios de Portugal'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.

CTT-Correios de Portugal Days Payable Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

62.38

66.85

70.12

69.41

79.23

CTT-Correios de Portugal 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															52.27	77.81	72.18	80.56	68.57

Competitive Comparison of CTT-Correios de Portugal's Days Payable

For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.

CTT-Correios de Portugal's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Days Payable distribution charts can be found below:

* The bar in red indicates where CTT-Correios de Portugal's Days Payable falls into.

CTT-Correios de Portugal 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.

CTT-Correios de Portugal'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
=	( (103.196	+	124.613)	/	2 )	/	524.752	*	365
=	113.9045					/	524.752	*	365
=	79.23

CTT-Correios de Portugal'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
=	( (99.761	+	124.613)	/	2 )	/	149.284	*	365 / 4
=	112.187					/	149.284	*	365 / 4
=	68.57

CTT-Correios de Portugal Days Payable Related Terms

Thank you for viewing the detailed overview of CTT-Correios de Portugal's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.